About This Fund
Eldridge Diversified Credit Fund I (EDCF I) is a closed-end private credit vehicle co-launched by Eldridge Industries and Carlyle AlpInvest in January 2026, representing the inaugural fund of Eldridge's diversified credit platform. With approximately $1.5 billion in investable capital assembled through an equity commitment from Carlyle AlpInvest and co-investors combined with a senior debt facility from BNP Paribas, EDCF I targets corporate credit and asset-based equipment origination opportunities across the United States. Legal counsel was provided by Kirkland & Ellis for the fund's formation and close.
EDCF I pursues a dual-pronged approach to private credit: traditional corporate credit lending to middle-market and sponsor-backed companies alongside asset-based equipment origination through secondary loan and lease portfolio acquisitions. This hybrid strategy generates risk-adjusted returns by combining the stability of corporate credit with structural protections inherent in asset-backed lending. The fund targets US-domiciled borrowers where equipment financing and corporate lending intersect.
As the inaugural vehicle in Eldridge's diversified credit platform, EDCF I reflects the firm's expanding ambitions after years of deploying capital across entertainment, insurance, real estate, and financial services. The partnership with Carlyle AlpInvest, one of the largest PE fund-of-funds managers globally, lends institutional credibility to the platform launch. Eldridge Industries, founded by Todd Boehly, manages approximately $50 billion in assets, providing deal origination infrastructure to source differentiated credit opportunities.