About This Fund
PineBridge Private Credit III is part of the firm’s lower-middle-market direct lending strategy. Inclusive of fund-level leverage, the Private Credit team raised $1.7 billion of capital in Fund III, above its target size of $1.0 billion. This latest close brings the total Private Credit platform to $5.0 billion. Fund III will focus on making directly originated senior secured loans to US-based, sponsor-backed lower-middle-market companies, largely in the business services, consumer, healthcare, and specialty manufacturing sectors. Loans are typically provided to companies with EBITDA ranging from $7.5 million to $30 million. Led by Jim Fisher (Head of Private Credit), Doug Lyons, Brian Senatore, and Joe Taylor, the Private Credit team has committed $4.5 billion of capital to 79 portfolio companies as of Feb. 2024, many with long-seasoned private equity sponsor relationships.