Abry Private Debt Acquires $330M Diversified Credit Portfolio
Abry Private Debt has closed the acquisition of a $330 million diversified private credit portfolio, partnering with secondaries specialist Coller Capital to execute the transaction and expand its footprint in sponsor-backed lending.
The portfolio is composed primarily of first-lien senior secured loans spanning industries including commercial and professional services, healthcare, and consumer discretionary. All underlying assets are backed by established private equity sponsors, positioning the portfolio within the core of the sponsor-driven direct lending market.
Abry will take on an active management role, working closely with sponsors, lenders, and portfolio company management teams throughout the investment period. The firm said the hands-on approach is intended to enhance value creation and optimize outcomes across the portfolio.
“By stepping in as an active manager, we plan to build upon our sponsor and lender relationships, underwriting expertise, and capital markets capabilities to drive impactful outcomes across the portfolio,” said Aaron Gillespie, co-head of Abry Private Debt.
The deal underscores continued momentum in the private credit secondaries market, where investors are increasingly seeking liquidity solutions and portfolio repositioning opportunities amid a higher-rate environment.
Abry’s partnership with Coller builds on prior collaboration between the firms. In 2024, Abry—backed by Coller Capital—closed its Advanced Securities Fund III Continuation Vehicle, a $1.6 billion transaction that was the largest GP-led credit secondary deal at the time.
