Alternatives

Private Credit

PineBridge’s Private Credit team seeks to provide senior secured loans to U.S.-based lower-middle-market sponsor-backed companies seeking capital for growth, acquisitions, leveraged buyouts, and recapitalizations. As a solutions-oriented lender and trusted partner of middle market companies and private equity firms, we provide senior secured capital across a variety of situations and industries.

$4.5bn of Committed Capital

Comprised of 77 first lien and 2 second lien loans across a portfolio of 77 companies (56 active, 23 exits) since 2017¹

Lower Middle Market Focus

We believe the lower middle market affords greater covenant protection and less spread compression relative to the traditional middle market

Seasoned Leadership Team

Experienced team that has worked together for decades with a deep understanding of middle market credit spanning multiple cycles

¹ As of 31 March 2024

What Defines Our Approach

Safety

Loans are secured by collateral, have seniority in the capital structure, and feature traditional covenant protections¹

Yield

Floating rate investment strategy providing strong risk-adjusted returns throughout economic cycles + “illiquidity premium” compared to broadly syndicated loans²

Volume

Origination focus and seasoned, long-tenured relationships with private equity firms generates high-quality pipeline and enables selectivity

PineBridge Platform

Integrated global credit platform, with $62.0bn invested across public and private market credit strategies including private credit, broadly syndicated loans, high yield, investment grade, and corporates³

¹No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.

²Source: Refinitiv, LPC. Historical data from 2002 through 31 December 2023

³Credit AUM consists of US$26.2 billion in Leveraged Finance strategies; US$18.0 in Developed Markets Investment Grade Credit; US$13.8 billion in Emerging Market Corporates; and US$4.0 billion in Private Credit and Alternative Fixed Income strategies.

Target Investment Criteria

Borrower EBITDA

$7.5 - $50.0 Million

Hold Sizes

$20.0 - $125.0 Million

Underwriting & Syndication

Up to $200.0 Million

Ownership

Private Equity Sponsor

Potential PineBridge Roles

Lead Arranger, Admin Agent, Club Participant

Loan Types

First Lien Debt, Second Lien Debt, Last-Out Debt, Unitranche Debt

Provided for illustrative purposes only. PineBridge may deviate from these general criteria based on market conditions and availability of capital at the time of investment.

Key Professionals

James Fisher

Managing Director, Head of PineBridge Private Credit

Connecticut

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Joseph Taylor, CFA

Managing Director, Head of Capital Markets

Connecticut

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Doug Lyons

Managing Director, Head of Origination

Florida

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Brian Senatore

Managing Director, Head of Portfolio Management & Underwriting

Connecticut

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Mack Fuller