OUR FIRM EXPERTISE ACCESS TEAM INSIGHTS CONTACT Junior Debt EXPERTISE Private Equity Primaries Secondaries Co-Investments Asia Europe Private Credit Junior Debt Senior Credit Real Estate Custom Solutions / Advisory Learn more about Private Credit? DOWNLOAD OUR WHITE PAPER Benefits of Junior Debt Junior debt, or mezzanine capital, often serves a significant role in leveraged buyout (LBO) and sponsor-led acquisition financings. The market for junior debt is favorable as sophisticated borrowers increasingly seek highly customized solutions with trusted lending partners like Portfolio Advisors. Traditional lending institutions (banks) have reduced junior debt lending due to regulatory constraints, enhancing the market opportunity. Junior debt capital is common in the middle market, where we believe there is potentially lower competition, greater information access, and the ability to customize transaction structures. Our Approach Portfolio Advisors junior debt investment team has a long history working in the U.S. private markets, having a track record extending back to 1999. Prior funds were managed at Credit Suisse under the DLJ Investment Partners name. The team typically leads junior debt financing solutions for private equity sponsor-backed companies. Key characteristics of our approach include the following: Middle-Market Focus: Generally $15-75 million investments in companies with more than $10 million of EBITDA. Generalist Approach: The team seeks to build a diversified portfolio through a sector agnostic investment approach. The Portfolio Advisors Advantage: Portfolio Advisors’ deep relationships with private equity sponsors facilitate high-quality transaction sourcing, preferential information access and a partnership approach. Experienced and Dedicated Team: The Portfolio Advisors team brings industry experience and has decades of private junior credit underwriting experience. Investment Criteria Company Size: Minimum EBITDA typically $10 million Investment Size: $15 million to $75 million Geography: North America Senior Members of the Junior Debt Team Igor DaCosta Managing Director John Fagan Managing Director Charles Harper Managing Director John Kyles Managing Director Eric Staub Managing Director Christopher M. Hunt Vice President James Karivalis Vice President Portfolio Advisors, LLC is a registered investment adviser under the Investment Advisers Act of 1940, as amended. The information on this site is intended solely for the benefit of firms and companies seeking private equity investment capital by providing general information on our services and philosophy. The material on this site is for information purposes only and does not constitute an offer or solicitation to purchase any investment solutions or a recommendation to buy or sell a security nor is it to be construed as investment advice. Additionally, the material on this site does not constitute a representation that the solutions described therein are suitable or appropriate for any person. Terms Of Use | Privacy Policy Statement © 2021 Portfolio Advisors, LLC | info@portad.com