Private Debt

What We Do

The Nicola Private Debt team provides an institutional quality private credit portfolio for the clients of Nicola Wealth in an open-ended evergreen fund structure. We take a multi-strategy approach to investing in private credit across direct lending, co-investments, and fund investments. Our experienced direct lending team provides senior, unitranche, and mezzanine debt financing to middle market companies on a bilateral or syndicated basis.

What We Bring

• Long-term Partners: Our evergreen fund model means we can form long term relationships with our borrowers and we are never forced to recycle capital between fund vintages.
• Expertise, Flexibility, and Execution: Our private debt deal team is highly experienced in originating, structuring, executing and managing commercial and corporate loans. We work with borrowers to find flexible solutions often unavailable from traditional lenders. An efficient investment process and certainty of execution are at the core of our value proposition.
• Scale and reputation: Nicola Wealth was founded in 1994 and manages over $11 billion of assets on behalf of our valued clients. Our wealth management platform provides a stable and growing source of capital that allows our fund to invest at scale over the long term.

Who Do We Lend To

• Typical Borrower: Profitable Canadian or U.S. middle market companies.
• Use of Proceeds: Mergers and acquisitions, leveraged buyouts, management buyouts, growth financing, recapitalizations, and other event-driven transactions.
• Seniority: Senior, unitranche and mezzanine secured debt financing.
• Hold Size: Ranging from $10 million up to $40 million.

What We Look For

• Revenue: >$15M
• EBITDA: >$3M
• Recurring revenue model
• Low capital intensity
• Clear competitive advantage
• Diversified customer base
• Experienced management team