Unlocking value creation for investors in private equity

Thomas Doyle

Managing Director

Unlocking value creation for investors in private equity

Pemberton’s NAV Financing strategy will provide financing solutions which are predicated on the underlying value of private equity funds’ performing investment portfolios.  Our solutions can provide a valuable tool for the private equity ecosystem to unlock value created in funds post their investment period, which can be recycled to aim to maximise their return targets (reinvestments to support MOIC or distributions to support the funds IRR).

The strategy focuses on:

  • Providing capital to US and European buyout funds, general partners and limited partners;
  • Tailored structures from senior loans to preferred equity cross collateralised against the value of the fund’s underlying investments;
  • Unlocking capital which can be returned to investors or used to support portfolio investments, seeding new strategies and other forms of liquidity and capital requirements.

Our strategy addresses the needs of a large and growing market in excess of US$35bn1, which is underserved by banks and a small number of niche providers2 . Pemberton is well placed to address this need, given our sole focus on credit (no competing equity interests), sector expertise and extensive private equity relationships. We aim to deepen our position as a core financing partner to the private equity community.

The strategy is managed by Portfolio Manager Thomas Doyle.

Our other clearly defined risk-reward strategies

Senior Loan

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

Mid-Market Debt

The strategy primarily focuses on investments in performing companies in defensive industries with characteristics including market-leading positions…

Working Capital Finance

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

Strategic Credit

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

Risk Sharing

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

CLOs*

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