Deerpath targets $500 mln-plus for senior secured loan fund


Deerpath Capital Management, Philadelphia Board of Pensions & Retirement, private equity, pension fund
A stag stands in the undergrowth in Richmond Park, in west London, Britain, December 27, 2017. REUTERS/Hannah McKay - RC1C11CA9900
  • Deerpath targets net returns in 6 pct to 9 pct range
  • Fund IV to provide senior secured loans to sponsor-backed companies
  • Philadelphia retirement system backs fund for $25 mln
Deerpath Capital Management expects to raise more than $500 million for a private debt fund that will be used to invest in the capital structures of private equity-backed companies. The fund raised $243.8 million as of March 22, according to ...
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