Private Credit Investors in the US

17Capital is a global finance firm headquartered in London, UK, that specializes in providing NAV-based financing and preferred equity solutions to the private equity industry. Acting as a strategic capital partner, 17Capital offers non-dilutive funding to private equity fund managers (GPs), funds, and institutional investors, enabling them to unlock liquidity or fuel growth without having to sell underlying portfolio assets.Founded in 2008, 17Capital has pioneered the NAV finance market and by 2024 manages roughly $11 billion in assets across several dedicated funds. The firm has completed over 100 financing transactions and deployed more than $15 billion in capital since inception, supporting initiatives such as fund expansions, portfolio acquisitions, refinancings, and liquidity programs. 17Capital’s financing can take the form of preferred equity, secured loans, or other tailored structures across the capital stack, all designed to align with the long-term interests of both general partners and limited partners.Though boutique in focus, 17Capital has a growing team of around 60 professionals and maintains offices in London and New York to serve its global client base. In 2022, a majority stake in 17Capital was acquired by Oaktree Capital Management, enhancing 17Capital’s reach and resources while it continues to operate independently. With its singular focus on NAV financing and deep expertise in private equity portfolios, 17Capital has established itself as the go-to provider of portfolio financing in the private equity market, offering investors “capital on demand” to maximize value creation.

Adams Street Partners is a leading global private markets investment manager headquartered in Chicago. Established in 1972, the firm has over five decades of experience in private equity, offering a comprehensive suite of investment strategies including venture capital, growth equity, buyouts, private credit, and secondary investments. The firm is 100% employee-owned, fostering a culture of alignment and long-term commitment to its clients. With a presence in more than 30 countries across five continents, Adams Street Partners leverages its extensive network and deep industry insights to identify and capitalize on investment opportunities. The firm's global footprint includes offices in key financial centers such as Austin, Beijing, Boston, London, Menlo Park, Munich, New York, Seoul, Singapore, Sydney, Tokyo, and Toronto, enabling it to maintain close relationships with portfolio companies and investors worldwide. Managing approximately $62 billion in assets under management, Adams Street Partners serves a diverse client base comprising corporate and public pension plans, foundations, family offices, and endowments. The firm's commitment to excellence and innovation in private markets investment management has solidified its reputation as a trusted partner for institutional investors seeking long-term value creation.

AllianceBernstein (AB) is a global investment management firm that provides diversified investment solutions to a wide array of clients, including institutions, pension funds, private wealth managers and individual investors. Tracing its roots to 1967 and now headquartered in Nashville, Tennessee, AB manages around US$829 billion across equity, fixed‑income, multi‑asset, hedge‑fund and private‑credit strategies. The firm’s research‑driven approach emphasizes fundamental analysis, global macro insights and quantitative techniques to construct portfolios that seek superior risk‑adjusted returns. AB operates over 45 offices worldwide, enabling local market insights and client service across the Americas, Europe, Asia and the Middle East. Products range from actively managed mutual funds and separately managed accounts to alternative strategies and bespoke solutions for large institutions. AB is also recognized for its sell‑side research franchise, Bernstein Research, which provides market‑leading insights and analysis. The firm prioritizes responsible investing, integrating environmental, social and governance considerations into its investment processes and engaging with companies to improve long‑term performance. With a workforce of more than 4,000, AllianceBernstein aims to deliver consistent investment excellence while fostering a culture of collaboration, diversity and integrity.

Antares Capital, founded in 1996, is a leading private credit manager specializing in financing for private equity-backed middle-market companies. With decades of experience, Antares offers tailored debt solutions designed to support growth, acquisitions, and recapitalizations. Headquartered in Chicago, Illinois, with offices across major financial centers such as New York, Los Angeles, Toronto, and London, Antares delivers senior debt, junior capital, mezzanine financing, and structured equity products. The firm is known for its relationship-driven approach and deep understanding of the private equity landscape. Managing approximately $80 billion in capital under management and administration as of December 2024, Antares Capital is a key player in the private credit space. The firm is committed to delivering attractive, risk-adjusted returns while fostering long-term relationships with sponsors and investors alike.

Aquiline Capital Partners, founded in 2005, is a global private investment firm headquartered in New York with offices in London and Philadelphia. With deep roots in financial services and technology, Aquiline offers tailored investment across three primary strategies—private equity, venture capital, and credit—to support growth‑oriented companies in sectors such as insurtech, fund administration, legal tech, and embedded fintech. The firm deploys flexible capital solutions, including equity injections ($50 M–$350 M typical range), senior and junior debt, ARR‑based financing, and structured equity, often taking either majority or minority stakes in platform companies valued between $75 M and $2.5 B. Aquiline differentiates itself by working hand‑in‑hand with management teams, leveraging industry expertise and operational support to drive long‑term value creation. As of March 2025, Aquiline manages approximately USD 12 billion in assets and has invested across more than 110 companies. Its focus remains on businesses headquartered in the US and UK, with selected exposure across Europe, the Middle East, and Australia. The firm’s culture is grounded in tenacity, creativity, and integrity, supported by a team of around 80 professionals including 20 partners deeply embedded in the financial services ecosystem.

Arcano Partners, founded in 2003, is an independent international financial advisory and alternative asset management firm headquartered in Madrid, Spain. It operates across four core business lines: Investment Banking, Asset Management (including Private Equity, Credit, Real Estate, Sustainable Infrastructure, Venture Capital, and Aviation Finance), Asset Finance, and Research & Strategic Advisory. The firm is recognized for its Merchant-Banking model and emphasis on sustainable, responsible investing. With over €12 billion in assets under management and advisory since inception, Arcano’s Asset Management arm focuses on primary, secondary, and co-investment opportunities in mid-market private funds and companies in Europe and the U.S. The firm has more than 250 professionals supporting more than 400 funds and 3,000 underlying companies. It is also a signatory to the UN PRI, reflecting its ESG commitment. Arcano is structured around a partnership model with offices in major European and U.S. financial hubs. Its approach combines high-level M&A advisory, specialist credit & asset financing, macroeconomic research, and tailor-made private markets solutions. The firm also ranks among the top 10 global managers in private equity secondaries, according to the HEC Paris–Dow Jones ranking.

Arini Capital Management Limited (“Arini”) is a London‑headquartered alternative credit manager, founded in 2021 by Hamza Lemssouguer, a former Credit Suisse star trader. The team officially launched the firm in January 2022 after spinning out with seed capital, and today operates with over 80 professionals across offices in London and New York. Arini employs a fundamentally driven, opportunistic investment approach across public and private credit, including long/short credit, structured credit, and direct lending. The firm focuses on European credit markets, leveraging deep legal and regulatory knowledge to identify dislocations and generate early‑mover alpha. Core strategies include credit master funds, structured credit equity, collateralised loan obligations (CLOs), and direct lending to mid‑cap companies. In 2025, Arini formed a strategic partnership with Lazard to jointly originate direct lending across EMEA mid‑cap corporates. The firm has grown rapidly, and manages approximately $7 billion in assets under management, serving institutional investors and providing bespoke financing solutions across Europe and globally.

Avenue Capital Group, founded in 1995 by Marc Lasry and Sonia Gardner, is a globally active investment firm specializing in distressed debt, special situations, and opportunistic credit. With combined private and public credit and equity strategies, Avenue targets complex and illiquid credit opportunities in the U.S., Europe, Asia, and emerging markets. Since inception, the firm has deployed over US $100 billion across global investments using a rigorous, research-driven methodology focused on value preservation and capital appreciation. Avenue’s platform includes dedicated strategies such as credit opportunities, real estate, growth lending, and sports finance—supported by experienced specialists and robust in-house infrastructure. As of year-end 2023, Avenue managed approximately US $13 billion in assets and employed over 180 professionals globally. The firm is headquartered in New York and maintains investment offices in Dublin, London, Luxembourg, Hong Kong, Mumbai, Singapore, Sydney, Silicon Valley, and Abu Dhabi to support globally integrated credit and special situations capabilities.

Established in 2009, Beach Point Capital Management is a global investment firm focused on credit strategies. Headquartered in Santa Monica, California, with offices in New York, London, and Dublin, the firm manages over $19 billion in assets. It serves institutional investors by delivering value-oriented, risk-aware investment solutions across various market environments. Beach Point’s expertise spans a broad array of credit instruments, including high-yield bonds, senior loans, structured credit, distressed debt, direct lending, capital solutions, real estate, and private equity. With a flexible capital approach and deep market knowledge, the firm targets complex and often overlooked opportunities in both liquid and illiquid markets. The team at Beach Point includes over 165 professionals, with more than 65 investment specialists averaging 25 years of experience. The firm’s culture emphasizes collaboration, transparency, and client alignment. Its strong internal values have earned it multiple recognitions, including five consecutive years as one of the Best Places to Work in Money Management by Pensions & Investments.

Bridgepoint Group plc is a leading international alternative asset manager focused on middle-market private equity and private credit. Founded in 1984 as part of NatWest and spun out in 2000, the firm is headquartered in London and publicly listed on the London Stock Exchange since 2021. It manages over €39 billion in assets across a family of funds targeting mid-cap buyouts, growth investing, and specialist credit. Bridgepoint emphasizes long-term partnerships with portfolio companies and institutional clients, delivering strong returns through operational transformation and strategic growth support. The group operates six principal investment strategies: Bridgepoint Europe (mid-cap buyouts), Bridgepoint Development Capital (small-mid buyouts), Bridgepoint Credit, Bridgepoint Growth, Infrastructure, and Bridgepoint Direct Lending. Its portfolio spans sectors including healthcare, technology, business services, consumer, and advanced industrials. The firm typically targets businesses valued between €200 million and €1.5 billion, offering both capital and operational expertise to unlock scalable value. With over 200 investment professionals and 13 global offices, Bridgepoint maintains a diversified and regionally embedded structure. Offices are located in London (HQ), New York, San Francisco, Paris, Frankfurt, Madrid, Amsterdam, Luxembourg, Shanghai, Tokyo, Singapore, Seoul, and Abu Dhabi. As a UN PRI signatory, the firm integrates ESG principles across its investment processes and portfolio management, reinforcing its commitment to responsible and sustainable investing.

Centerbridge Partners, L.P. is a global alternative investment manager founded in 2005 by Jeffrey Aronson and Mark T. Gallogly. Headquartered in New York City with an office in London, the firm deploys a multi‑strategy approach across private equity, private credit, and real estate. As of early 2025, Centerbridge oversees approximately US $42 billion in assets under management through an integrated platform. The firm executes across leveraged buyouts, distressed and credit-oriented strategies, and real estate, targeting sectors such as healthcare, industrials, technology, and financial services in North America and Western Europe. Centerbridge partners closely with management teams and applies deep operational and financial expertise to drive value creation, leveraging its diversified investment abilities across market cycles and regions.

Cerberus Capital Management, L.P., founded in 1992, is a leading global alternative investment firm headquartered in New York City. With approximately $65 billion in assets under management, Cerberus specializes in private equity, credit, and real estate strategies. The firm leverages its integrated investment platforms and proprietary operating capabilities to drive long-term value for investors. The firm is known for its flexible and disciplined investment approach, often targeting distressed assets and underperforming businesses across the capital structure. Cerberus has built a strong track record through value-driven turnarounds, including high-profile investments such as Chrysler and various non-performing loan portfolios worldwide. With a presence across North America, Europe, Asia, Australia, South America, and Africa, Cerberus operates through a global network of affiliate and advisory offices. Its diversified strategies and operational depth allow it to navigate complex markets and deliver consistent returns across asset classes and geographies.

Founded in 2006, Churchill Asset Management began as a direct-lending offshoot of the former Churchill Financial and is now a specialist affiliate of Nuveen, the asset-management arm of TIAA. The firm was created to give private-equity sponsors a long-term partner able to lend across cycles, and it has steadily expanded through a combination of organic growth and the 2015 relaunch under Nuveen’s umbrella. Head-quartered in New York’s Seagram Building at 375 Park Avenue, Churchill’s more than 200 professionals operate from additional offices in Charlotte, Chicago and Los Angeles, drawing on Nuveen’s global infrastructure while retaining an entrepreneurial culture. The joint scale positions the team to originate and underwrite sizeable financings for core U.S. middle-market companies. As of 1 January 2025 the firm oversees roughly US $55 billion in committed capital, investing through senior loans, unitranche structures, second-lien and mezzanine debt, equity co-investments and private-equity fund commitments. Churchill focuses on resilient sectors—healthcare, business services, technology, logistics and financial services—while leveraging its partnership with Arcmont to provide complementary European exposure when clients seek it.

Comvest Credit Partners is a leading provider of flexible private credit solutions to middle-market companies across North America. The firm focuses on supporting businesses through customized lending strategies that address a wide range of financing needs, including growth capital, refinancing, acquisitions, and recapitalizations. With a deep understanding of operational challenges and industry dynamics, Comvest Credit Partners is known for its ability to deliver tailored and timely credit solutions. The firm works closely with business owners, management teams, and financial sponsors to structure debt investments that align with each company’s strategic objectives. By maintaining a collaborative and responsive approach, Comvest Credit Partners differentiates itself in the competitive private credit market. Their investment philosophy centers on strong credit fundamentals, disciplined underwriting, and long-term relationships that drive mutual success. Operating from offices in key financial hubs, Comvest Credit Partners is backed by a team of experienced professionals with expertise across sectors such as healthcare, consumer, industrials, and business services. The firm deploys capital primarily through senior secured loans, unitranche structures, and subordinated debt, offering both stability and growth potential for its portfolio companies.

Crestline Investors, Inc. is a global alternative investment management firm headquartered in Fort Worth, Texas. Founded in 1997, the firm specializes in private credit and opportunistic investment strategies, with additional focus on fund financing solutions. Crestline has a global presence with affiliate offices in New York, London, Toronto, and Tokyo. The firm provides flexible capital solutions to emerging companies, institutional investors, and financial sponsors. Its investment offerings span direct lending, opportunistic credit, and customized portfolio finance. Crestline aims to generate consistent risk-adjusted returns across various market conditions and economic cycles, serving clients across North America, Europe, and Asia. As of December 31, 2024, Crestline manages approximately $18 billion in assets under management. With a team of over 200 professionals, the firm is committed to delivering innovative and tailored investment strategies across a range of industries including business services, healthcare, software, infrastructure, and energy.

Founded in 1947 by Rupert H. Johnson Sr., Franklin Templeton is a leading global investment management firm headquartered in San Mateo, California. With over $1.5 trillion in assets under management, the firm offers a broad spectrum of investment solutions, including mutual funds, ETFs, alternative investments, and private credit, serving clients in more than 165 countries. Franklin Templeton employs a multi-boutique model, integrating specialized investment teams such as Benefit Street Partners, Alcentra, and the recently acquired Apera Asset Management. This structure enables the firm to provide deep expertise across various asset classes, including fixed income, equities, real estate, infrastructure, and hedge strategies. The firm's commitment to innovation is exemplified by initiatives like the launch of the Franklin OnChain U.S. Government Money Fund, the first tokenized fund under European regulation. Under the leadership of CEO Jenny Johnson, Franklin Templeton continues to expand its global footprint and investment capabilities. The firm's strategic acquisitions and focus on delivering long-term value position it as a trusted partner for institutional and individual investors worldwide.

Goldman Sachs Asset Management (GSAM) is the investment‑management arm of Goldman Sachs Group, founded in 1988. It delivers comprehensive investment & advisory solutions to institutional, governments, high net‑worth and retail clients globally. GSAM combines public equity, fixed income, private equity, real estate, hedge fund, commodities and infrastructure strategies, focused on generating sustainable risk‑adjusted returns. Its platform emphasizes long‑term partnerships and deep responsibility toward client success. With over 2,000 professionals across around 34 offices worldwide, GSAM draws on the broader Goldman Sachs ecosystem to offer capital markets insight and cross‑division collaboration. Its capital‑solutions initiatives integrate asset management with lending, advisory and alternative investments.

Golub Capital is a credit-focused asset management firm that provides reliable, creative, and scaled financing solutions to middle-market companies. With a reputation built over decades, the firm partners with private equity sponsors to offer flexible and tailored lending options, including unitranche, senior, and mezzanine debt products. Its collaborative approach and deep industry knowledge have made it a lender of choice in the U.S. middle market. Founded in 1994, Golub Capital has expanded its capabilities across both private and public markets, including structured products and broadly syndicated loans. The firm leverages its robust platform to deliver consistent performance and long-term value to investors, including institutional and high-net-worth clients. With a focus on risk management and capital preservation, Golub Capital balances innovation with discipline. Operating from offices in New York, Chicago, San Francisco, and other strategic locations, Golub Capital supports a diverse portfolio of businesses across a range of industries. Its commitment to partnership, reliability, and service has positioned it as a leader in the private credit space, with a growing global presence and a track record of success across market cycles.

Founded in 2005, Harrison Street is a premier alternative investment management firm focused on real estate, infrastructure and credit strategies across North America, Europe, Asia and the Middle East. With deep expertise in demographic‑driven, needs‑based asset sectors—including senior housing, student housing, healthcare delivery, life sciences, build‑to‑rent, self‑storage and digital infrastructure—the firm delivers customized closed‑end and open‑end vehicles for institutional investors. Headquartered in Chicago with approximately 290 professionals across 12 global offices, Harrison Street manages about US $56 billion in assets and has been recognized repeatedly for excellence in client service, ESG focus and global alternatives investing.

Founded in 2007, HPS Investment Partners, LLC is a leading global investment firm specializing in credit strategies across the capital structure. Originally established as Highbridge Principal Strategies within J.P. Morgan Asset Management, HPS became an independent entity in 2016 following a management buyout. The firm is headquartered in New York City and has expanded its presence with 14 offices worldwide, including key financial centers in London, Hong Kong, and Singapore. HPS manages approximately $148 billion in assets under management as of December 2024, offering a diverse range of investment strategies. These include private credit, public credit, private equity, and real assets. The firm serves a global client base of institutional investors, providing tailored financing solutions that address complex capital needs. HPS's investment approach is characterized by rigorous analysis, disciplined risk management, and a commitment to delivering attractive risk-adjusted returns. In December 2024, BlackRock announced an agreement to acquire HPS Investment Partners for approximately $12 billion, aiming to enhance its private credit capabilities. The transaction is expected to close by mid-2025, subject to regulatory approvals. Post-acquisition, HPS will operate as part of BlackRock's integrated private credit platform, with its leadership team continuing in their roles to ensure continuity and alignment with clients' interests.