Full-Time
Updated on 8/3/2026
Direct lending of senior debt
$200k - $250k/yr
Boston, MA, USA
In Person
Travel is required.
Bachelor's
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Deerpath Capital Management provides private credit and direct lending for lower-middle market U.S. companies, specializing in cash-flow-based senior debt. It offers customized first-lien, senior secured loans (typically $25–$75 million) funded through its multi-vehicle platform, including pooled funds and CLOs, with revenue from interest and asset management fees. The firm differentiates itself with a large, diversified platform (about $9 billion AUM and 1,100+ transactions) and a capital-preservation, cash-flow focus, supported by its independent operation after PGIM's majority investment and its UNPRI signatory status. Its goal is to deliver steady, risk-controlled private credit solutions to institutional investors by financing sponsor-backed acquisitions and other cash-flow positive businesses while expanding its global investor base.
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Fort Lauderdale, Florida
Founded
2007
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Speyside Equity expands investment team with addition of three Principals. March 6, 2026 DETROIT, March 3, 2026 /PRNewswire/ - Speyside Equity Advisers LLC ("Speyside") announced the addition of three Principals to its investment team: Kyle Cash, Marcus Badger, and Nathan Quattrochi. The new hires will support the continued deployment of Speyside's third investment vehicle, which closed at its $300 million hard cap following strong demand from existing and new limited partners. The expansion of the investment team reflects Speyside's commitment to scaling its process-driven approach to acquiring, improving, and growing lower middle-market manufacturing businesses across North America. Kyle Cash joins Speyside as a Principal responsible for due diligence, transaction execution, and portfolio oversight. Prior to Speyside, Kyle was a Senior Vice President at Erie Street Growth Partners and previously held roles at Glencoe Capital and Deloitte Corporate Finance. He holds a Bachelor of Business Administration from the University of Michigan. Marcus Badger brings more than 18 years of principal investing and private credit experience. Prior to joining Speyside, Marcus served as a Managing Director at Deerpath Capital Management and previously held investment roles at Raymond James Capital and Frontenac Company. He holds a Bachelor of Business Administration from the University of Michigan Ross School of Business and an MBA from the Kellogg School of Management at Northwestern University. Nathan Quattrochi joins Speyside as a Principal focused on due diligence, transaction execution and investment management. He previously served as a Vice President at Industrial Opportunity Partners and began his career in the Industrials Investment Banking Group at Wells Fargo Securities. Nathan holds a B.A. in Finance with Honors from Michigan State University. Kyle, Marcus, and Nathan each bring deep middle-market transaction experience and operational rigor that align directly with its investment strategy," said Eric Wiklendt Managing Director at Speyside. "As we deploy our most recent fund, their addition strengthens our ability to execute complex deals and drive structured, repeatable value creation across the portfolio." About Speyside Speyside is a Detroit-based private equity firm focused on control investments in lower middle-market manufacturing and value-added distribution businesses, particularly complex carve-outs and operationally intensive situations. Led by its Investment Committee Eric Wiklendt, Nick Lardo, and Kevin Daugherty, the firm executes a disciplined "Fix and Build" strategy, partnering with management teams to improve EBITDA margins, drive operational transformation, and scale growth through organic initiatives and strategic add-on acquisitions. Speyside deploys its proprietary Portfolio Value Creation System (PVCS), a phased, process-driven framework developed over twenty years of experience managing and improving manufacturing businesses. For more information, please visit www.speysideequity.com. SOURCE Speyside Equity 24 Frank Lloyd Wright Drive | Suite H3225 Ann Arbor, MI 48105 Information on investment activity provided on this website represents pre-fund investments made by Speyside Equity LLC and the predecessor funds managed by Speyside Fund Advisers LLC. All such investments were supported by personnel at Speyside Fund Advisers LLC and Speyside Equity LLC, some of whom held investment committee positions but will not be members of Speyside Equity Advisers LLC's investment committee or otherwise employed by Speyside Equity Advisers LLC. Such differences may cause decisions made by Speyside Equity Advisers LLC on behalf of its funds to differ materially from decisions Speyside Fund Advisers LLC and Speyside Equity LLC may have made on behalf of the pre-fund investments and predecessor funds. Thus, the performance of the companies referenced herein may differ materially from the future performance of a Speyside Equity fund.
"Private credit roars - Deerpath Capital secures $3.5 billion in new capital" (HedgeCo.Net) In what many analysts are calling a breakout moment for private credit markets, Deerpath Capital Management has successfully raised $3.5 billion for its latest private credit fund, positioning itself as a key player in the fast-growing senior secured loan space. The Wall Street Journal Fundraising beyond expectations. The new fund, Deerpath Fund VII, surpassed expectations with over $2.2 billion in primary commitments, supplemented by $1.6 billion raised via collateralized loan obligation (CLO) vehicles - reflecting robust institutional demand. The Wall Street Journal What private credit means today. Private credit has become a centerpiece in alternative allocations for: * Defined pension plans * Insurance companies * Family offices Investors are seeking higher yields than public bonds in a low-rate environment and are drawn to private credit's terms, which often include covenants and senior secured positions in corporate capital structures. Deerpath's strategy. Deerpath focuses on lending to mid-market companies with enterprise values between $100 million and $250 million, particularly in sectors like: This target segment gives Deerpath a competitive edge: higher yields with defensible credit risk profiles relative to broadly syndicated loan markets. The Wall Street Journal Larger industry context. The surge in private credit fundraising reflects a broader trend: large alternative investment managers - including Blackstone, Ares, and KKR - are increasingly channeling capital into non-bank lending strategies. These allocations are reshaping credit markets outside of traditional banking intermediation.
Deerpath Capital Management has closed its seventh flagship fund, exceeding its $2 billion equity target. Together with anticipated leverage, Fund VII is expected to support approximately $3.5 billion of total investable capital. The firm provides cash-flow-based senior debt financing to sponsor-backed US lower middle market companies. Since its inception in 2007, Deerpath has invested more than $14 billion across over 1,200 transactions, maintaining a consistent focus on lower middle market senior direct lending. The platform is supported by Deerpath's programmatic CLO issuance, which totalled $1.6 billion across three transactions in 2025. This enhances the firm's ability to efficiently finance and deploy capital for private equity-backed businesses across diverse industries.
Tai Watanabe joins as Senior Vice President based in Tokyo amid heightened demand for Deerpath's lower middle market private credit strategyTOKYO and NEW YORK, March 11, 2024 /PRNewswire/ -- Deerpath Capital Management, LP ("Deerpath" or "the Firm"), one of the largest providers of customized, cash-flow based senior debt financing to lower middle market companies across North America, today announced the opening of its latest international office in Tokyo, Japan. The Tokyo office will be led by Taichiro "Tai" Watanabe who joins Deerpath as Senior Vice President and the first Japan-based member of Deerpath's Investor Partnerships team.In this new role, Mr. Watanabe will be responsible for developing and maintaining Deerpath's relationships primarily with investors in Japan and selectively across other areas of the Asia region. The announcement comes less than two years after Deerpath launched offices in London, Australia and South Korea."Tai's arrival, and Deerpath's physical expansion into Japan, are a response to heightened demand for performing private credit products across our growing network of institutional and private wealth investors in the APAC region," said Antonella Napolitano, Global Head of Investor Relations and Capital Formation at Deerpath. "These LPs are attracted to our core strategy of conservative financing to sponsor-backed businesses within the U.S. lower middle market
NEW YORK, Dec. 19, 2023 /PRNewswire/ -- Deerpath Capital Management, LP announced the closing of Deerpath CLO 2023-2, a $353.65 million collateralized loan obligation (CLO). This marks Deerpath's second new issuance CLO in 2023. Including a CLO reset and upsize in July, this transaction represents the firm's ninth CLO over the past six years. Deerpath Capital is one of the largest providers of customized, cash-flow based senior debt financing to lower-middle market companies across North America.Deerpath CLO 2023-2 brings the firm's total CLO assets under management to approximately $2.8 billion. Deerpath CLO 2023-2 is secured by a large and diversified portfolio of senior secured loans to middle market, private equity-backed companies