Remora Capital

Remora Capital Partners is an investment firm specializing in the acquisition of senior secured corporate loans within the U.S. middle market. The firm's strategy involves enabling its investment partners to co-invest alongside established private equity sponsors and loan originators. They primarily target companies with earnings before interest, taxes, depreciation, and amortization (EBITDA) ranging from $7.5 million to $50 million. Remora Capital Partners focuses on driving consistent current income for investors while prioritizing capital preservation, primarily through investments in first lien position securities with a target average loan-to-value (LTV) of less than 60% across their portfolio.

The firm was founded in March 2021 by Daniel Mafrice, Joe Altman, and Chris Kyriopoulos. These principals lead the investment team, bringing together over 20 years of collective experience and an average of over 25 years in principal investing, corporate finance, business operations, and leveraged finance. Their collaborative investment history dates back to the early 2000s, indicating a long-standing partnership and expertise in their specialized field.

While Remora Capital Partners focuses on co-investing in senior secured corporate loans, specific details regarding their individual portfolio companies or notable investments are not publicly disclosed on their website or in readily available public records. Their model emphasizes partnering with private equity sponsors and loan originators, suggesting their involvement is often as a co-lender in broader financing structures rather than direct equity investments in individual startups.

The leadership team, comprising Daniel Mafrice, Joe Altman, and Chris Kyriopoulos, forms the core of Remora Capital Partners' expertise. Their extensive backgrounds in principal investing and leveraged finance underpin the firm's strategy in the middle market debt space. The firm operates as an investment adviser, registered with the SEC, and also serves as the administrator for Remora Capital Corporation, a Business Development Company (BDC).