Deerpath Capital Closes Sixth Flagship Senior Debt Fund at $1.5B

US private equity firm Deerpath Capital Management, a senior debt financing specialist to lower-middle markets throughout North America, closed its sixth fund, Deerpath Fund VI, with $1.5 billion.

The fund held its final closing earlier this year and will finance companies with enterprise values between $50 million and $150 million.

The fund received commitments from more than 50 limited partners in the US, Canada, Germany, Japan, Lebanon and Panama.

Combined with debt financing for its levered investment vehicles, Deerpath has raised over $2.8 billion, a fundraising record for the firm. The fund has already committed 65% of its capital to a large pool of portfolio companies diversified by industry, geography and private equity sponsor.

“We have a distinct ability to seek out strong investment opportunities in the US. lower middle market and underwrite conservative loan structures with ample protections when compared to the larger direct lending market,” said Antonella Napolitano, Global Head of Investor Relations and Capital Formation.

Since its inception in 2007, Deerpath has deployed more than $8 billion across 800-plus investments. As of March 2023, the firm managed approximately $6 billion.