Ex-Macquarie, JPMorgan banker Natalie Garcia and Deerpath’s head of IR Ben Daly are raising capital for a seventh fund that will be lent to middle-market, private equity-backed companies.
, and KKR Credit committed debt for PAG’s acquisition of pub operator Australian Venue in July.
To minimise risk, Deerpath lends on a first-lien, senior-secured basis, all but guaranteeing the company will be repaid should its borrowers default on their debt. Approximately 98 per cent of its loans are lent to private equity-backed companies. Ms Garcia, who also spoke at an industry event in Melbourne this week, is a former Macquarie Capital and JPMorgan banker who joined Deerpath in 2015. As head of underwriting, Ms Garcia’s team has sourced more than 1900 deals.
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