Deerpath Capital
Senior debt specialist for the sponsor-backed lower middle market.
Private Credit & Direct LendingFirmUnited States
Target market
Sponsor-backed lower-middle-market companies
Typical check
$25M-$125M
Geography
United States
Overview
Deerpath provides cash-flow-based senior debt financing to sponsor-backed U.S. lower-middle-market companies and has focused exclusively on that segment for nearly two decades. PGIM acquired a majority interest in the firm in 2023, and Deerpath closed its seventh flagship fund above its $2 billion target in 2026.
Key facts
- Majority-owned by PGIM since 2023
- Invested $15B+ across 1,200+ transactions since inception
- Fund VII closed above its $2B equity target in 2026
- Active CLO issuer with 18 CLOs since 2018