Private Credit
What is Private Credit?
Private credit are loans provided by non-bank entities, where the debt remains off public markets.
Our approach to Private Credit
Our reach and strategic relationships enable us to identify and access exceptional investment opportunities. We focus heavily on backing managers who offer a comprehensive set of debt financing solutions that span the entire capital structure, from senior to mezzanine. By carefully selecting and partnering with these managers, we provide our investors with access to some of the most promising opportunities available.
Value Proposition
Investments in private credit funds are a key strategy for NTD. We invest in fund managers who offer a diverse range of private debt financing solutions across our private credit, infrastructure debt and structured finance platforms.
Investment Instruments
Senior Secured
Unitranche
2nd Lien/Last Out
Mezzanine
Direct Equity and Fund Investments
Investment Criteria
Enterprise values of $25-150 million
EBITDA $5-75 million
Hold sizes up to $250 million
Ability to underwrite up to $25 million
Industry Agnostic
Investment Scenarios
Leveraged Buyouts
M&A
Refinancings
Growth Capital
Dividend Recapitalizations
How We Invest
Fund Investments
Investments in managers’ multi-client funds; such investments are also known as primary investments.
Secondary Transactions
Purchased interests in existing funds (traditional LP deals) and participation in the rapidly growing GP and LP led market segment.
Co-Investments
Investments made directly into businesses or securities in partnership with a sponsor.
Related Insights
Diverse-Owned Private Equity Firm Performance 2023
Implementing DEI strategies- NAIC
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