Our Platforms

  Flagship Direct Lending Structured Solutions Sagamore Fund
Structure/Securities

Secured debt (1st lien), unitranche, bridge loans, revolving credit, asset-backed, esoteric assets

Mezzanine debt, preferred and/or minority common equity

Secured debt (1st lien) and unitranche

Typical Investments
  • $50-500MM revenue
  • $10-40MM EBITDA
  • 3-5x leverage
  • $20-500MM revenue
  • $5-40MM EBITDA
  • Deal dependent but typically under 75% LTV
  • $25MM revenue or greater
  • $5-50MM EBITDA
  • Up to 6x leverage
Target

10-12% Gross IRRs

15%+ Gross IRRs, 1.5x MOIC

6-8% Gross IRRs

Representative Transactions
Acquisition Financing

Online Media

$325

Senior Secured Credit Facility

Growth Capital

Cloud Storage

$27.5

Venture Debt

Growth Capital

Consumer Packaging

$50.0

Senior Secured Credit Facility

Acquisition Financing

Online Media

$36.0

Senior Secured Credit Facility

Growth Capital

Pet Insurance

$18.0

Structured Equity Investment

Growth Capital

Mobile Health

$23.0

Senior Secured Credit Facility

Acquisition Financing

Professional Sports

$150.0

Senior Secured Credit Facility

Growth Capital

Residential Solar

$30.0

Debt and Equity Investment

Growth Capital

Food Distributor

$29.0

Senior Secured Credit Facility

Acquisition Financing

Money Remittance

$86.0

Senior Secured Credit Facility

Growth Capital

Online Marketing

$30.0

Debt and Equity Investment

Growth Capital

Airport Concessions

$63.0

Senior Secured Credit Facility

Acquisition Financing

Theme Park

$115.0

Senior Secured Credit Facility

Growth Capital

Ecommerce

$85.0

Debt and Equity Investment

Growth Capital

Industrial

$30.0

Senior Secured Credit Facility

Flagship Direct Lending

Structure/Securities

Secured debt (1st lien), unitranche, bridge loans, revolving credit, asset-backed, esoteric assets

Typical Investments

  • $50-500MM revenue
  • $10-40MM EBITDA
  • 3-5x leverage

Target

10-12% Gross IRRs

Representative Transactions

Acquisition Financing

Online Media

$325

Senior Secured Credit Facility

Acquisition Financing

Online Media

$36.0

Senior Secured Credit Facility

Acquisition Financing

Professional Sports

$150.0

Senior Secured Credit Facility

Acquisition Financing

Money Remittance

$86.0

Senior Secured Credit Facility

Acquisition Financing

Theme Park

$115.0

Senior Secured Credit Facility

Structured Solutions

Structure/Securities

Mezzanine debt, preferred and/or minority common equity

Typical Investments

  • $20-500MM revenue
  • $5-40MM EBITDA
  • Deal dependent but typically under 75% LTV

Target

15%+ Gross IRRs, 1.5x MOIC

Representative Transactions

Growth Capital

Cloud Storage

$27.5

Venture Debt

Growth Capital

Pet Insurance

$18.0

Structured Equity Investment

Growth Capital

Residential Solar

$30.0

Debt and Equity Investment

Growth Capital

Online Marketing

$30.0

Debt and Equity Investment

Growth Capital

Ecommerce

$85.0

Debt and Equity Investment

Sagamore Fund

Structure/Securities

Secured debt (1st lien) and unitranche

Typical Investments

  • $25MM revenue or greater
  • $5-50MM EBITDA
  • Up to 6x leverage

Target

6-8% Gross IRRs

Representative Transactions

Growth Capital

Consumer Packaging

$50.0

Senior Secured Credit Facility

Growth Capital

Mobile Health

$23.0

Senior Secured Credit Facility

Growth Capital

Food Distributor

$29.0

Senior Secured Credit Facility

Growth Capital

Airport Concessions

$63.0

Senior Secured Credit Facility

Growth Capital

Industrial

$30.0

Senior Secured Credit Facility