About This Fund
The Pemberton Strategic Credit Fund III is an opportunistic private credit fund managed by Pemberton Asset Management. It is focused on investing in primary performing companies across Europe, deploying €2.3 billion. The Fund targets alpha generation by resolving complexity in performing credits with first lien-focused capital solutions, while maintaining downside protection for investors. It invests in sponsor-led transactions across non-cyclical businesses and aims to deliver highly attractive risk-adjusted returns to its investors. The fund is located in London, United Kingdom and, invests in Western Europe. The Fund's investor base consists of new and returning LPs, including public and private pension funds, insurance providers, and financial service investors across Europe, North America, Asia, and the Middle East. The Fund has seen increasing demand for versatile European direct lending funds from both new and existing investors due to the current cycle of inflation, high interest rates, and retrenching capital markets. Pemberton's family of three direct lending funds has a platform of 9 offices across Europe for originating investments and one of the largest investment teams in the market, providing the company with a distinct advantage in identifying, evaluating, and realizing investment opportunities. The strategy focuses on investments in: - Leading European mid-market companies with EBITDA typically between €15 million and €100 million; - Senior secured loans with first-ranking seniority but can also invest across the capital structure to provide solutions to borrowers. The strategy includes investment opportunities which feature additional complexity that often require bespoke financing solutions and additional deep-dive credit assessment. Opportunities include carve-outs, buy-and-builds, growth capital and recovery capital. The strategy focuses on performing credit rather than stressed/distressed debt and loan-to-own debt investments. Depending on the credit quality of the borrower, the strategy is able to provide subordinated debt to strongly performing companies with non-cyclical cash flows and high equity buffers. The strategy can also generate additional returns through warrants and equity investments as part of the debt investment.