Steven Craig

Managing Director

Robert Wartchow

Managing Director

8.16bn

Cumulative capital raised1

9.90bn

Cumulative capital deployed1, 2

Core financing

The strategy focuses on investments in:

  • Leading European mid-market companies with:
    • Strong credit fundamentals;
    • EBITDA typically between €15 million and €75 million;
    • Proven management teams and professional shareholders.
  • Senior secured loans with:
    • First-ranking or second-ranking seniority;
    • Financial and operational covenants to limit downside risk;
    • Cash coupons to provide a regular income stream.

The strategy primarily focuses on investments in performing companies in defensive industries with characteristics including market-leading positions, strong cash flow generation, experienced management teams, and strong downside/structural protection. Our investments typically also provide companies with capital for growth and acquisitions.

Pemberton is typically the sole or lead lender to our portfolio companies, which allows our deal teams to negotiate bespoke bi-lateral lending agreements. It also allows our deal teams to have regular access to management and financial information that enables us to closely monitor loans post-close.

Investment opportunities are sourced through Pemberton’s local origination teams, which have extensive and long-standing relationships with private equity sponsors, banks and advisors. We also source new opportunities directly from companies and management teams, particularly where we can provide incremental capital to support attractive M&A opportunities for existing portfolio companies.

The strategy is managed by Portfolio Managers, Steven Craig and Robert Wartchow.

In our sector, speed and certainty of execution are key for the success of a buy & build strategy. Pemberton’s understanding of this has been outstanding and dealing with a single like-minded partner for financing proves valuable.

Stijn Nijhuis

CEO of Enreach - 2020

Selected recent investments

A portfolio company of


1st Lien

Union Jack

September 2021

A portfolio company of


1st Lien

French flag

July 2021

A portfolio company of


1st Lien

Union Jack

June 2021

A portfolio company of


1st Lien

June 2021

A portfolio company of


1st Lien

July 2021

A portfolio company of


1st Lien

June 2021

A portfolio company of


1st Lien

French flag

June 2021

A portfolio company of


1st Lien

Union Jack

May 2021

Our other clearly defined risk-reward strategies

Strategic Credit

The strategy focuses on performing credit rather than stressed/distressed debt and loan-to-own debt investments. Depending on the credit quality…

Senior Loan

The strategy targets first lien investments in larger companies, with lower leverage and larger equity cushions than our Mid-Market Debt strategy…

Working Capital Finance

The strategy provides institutional investors with potential attractive risk-adjusted returns from a diversified, stable and low…

Risk Sharing

The strategy offers investors a stable, lower risk, strategic cash alternative via a range of open-ended structures, including monthly…

 

CLOs*

Collateralized loan obligations (‘CLOs’) invest in publicly rated, broadly syndicated loans which are typically used to fund sponsor driven…

NAV Financing

Pemberton’s NAV Financing strategy will provide financing solutions which are predicated on the underlying value of private equity funds’ performing investment portfolios…