– Deerpath Capital Management, LP is a leading provider of cash-flow-based senior debt financing to sponsor-backed U.S. lower middle market companies
– Deerpath announced the closing of Deerpath Fund VII, which exceeded its $2 billion equity target
– With anticipated leverage, Fund VII is expected to support approximately $3.5 billion of total investable capital
– Fund VII builds on Deerpath’s 18-year track record of financing private equity-backed businesses across diverse industries
– Since inception in 2007, Deerpath has invested more than $14 billion across over 1,200 transactions
– The firm maintains a consistent focus on lower middle market senior direct lending
– Deerpath’s platform is strengthened by programmatic CLO issuance totaling $1.6 billion across three transactions in 2025
– The CLO program enhances Deerpath’s ability to efficiently finance and deploy capital
– Antonella Napolitano, Global Head of Investor Relations and Capital Formation, Deerpath Capital Management: “The success of Fund VII reflects the strong, long-term partnerships we’ve built with our global investor base. Investors continue to value our disciplined underwriting, private equity-style diligence, careful monitoring, and consistent performance throughout market cycles. We thank our partners for their continued trust and support.”
– Fund VII received strong support from both existing and new investors
Commitments were accepted from over 70 limited partners across the U.S.,
Canada, UK, Germany, Switzerland, and Korea
– Deerpath’s scaled origination network and regionally based underwriting teams support consistent deal sourcing and structuring
– Strong sponsor relationships enable the firm to originate senior secured loans across the lower middle market
– In 2025, Deerpath was recognized as a leading U.S. direct lender by Octus, 9fin, and KBRA Direct Lending Deals
– Deerpath was co-founder by James Kirby, Chairman and Chief Executive Officer who is also a member of the firm’s Investment Committee.
