Private credit
Senior secured and unitranche loans to lower middle market companies.
Credit Fund IV
Vintage
2026
Fund size
Target $1.2B
Status
Raising
$2.39B
Committed
58
Loans
0.4%
Annualized loss rate
Ticket size
$20M-$150M
Stage
Profitable, established companies
Sectors
Business services, specialty manufacturing, healthcare services, software
Active fund
Credit Fund IV (2026, Target $1.2B)
Team lead
Thomas Lindqvist
Our thesis
We lend to profitable businesses with $10M to $75M of EBITDA, sponsored and founder-owned, in the US and UK. We underwrite cash flow first and collateral second, keep leverage moderate and write covenants we intend to enforce.
Our venture and growth teams give us an early view on sectors that traditional lenders often misread.
Who you will work with
Thomas Lindqvist
Partner, Private Credit
·
London
Thomas leads the credit strategy and chairs its underwriting committee. He has spent 19 years in direct lending across the US and Europe.
He opened the London office in 2016.
Explore other strategies
Talk to the Private credit team.
A partner reads every pitch and replies within ten business days.