Deerpath Capital is a U.S. private debt manager focused on senior lending in the lower middle market. Deerpath makes investments in first lien, senior secured loans to borrowers owned by private equity sponsors. We have five offices (New York, Boston, Chicago, Fort Lauderdale, and Los Angeles).
We have made over 300 loans over the last 10 years, deploying ~$2.5 billion and have an excellent credit loss record. We focus on safety over yield. Our focus on the lower MM allows us to compete in a much less crowded market segment that offers attractive economics and superior structural protections that aren’t available in other segments of the MM (we have higher pricing, lower leverage levels and a full set of covenants). Our portfolio is currently yielding 10% unlevered, which we feel is quite compelling on a portfolio of first lien securities.
Our target audience includes other direct lending funds, pension funds, insurance companies, university endowments, wealth managers, family offices, consultants, foundations, and asset management firms.