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.
42 Direct loans and co-investments
18 Fund investments
$200M+ Deployed during 2021
10.7% 2021 net return
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
Our Investments
Refinancing
First Lien Term Loan
Participant (Secondary)
Acquisition Financing
First Lien Term Loan
Participant
Acquisition Financing
First Lien Term Loan
Participant
Refinancing
First Lien Term Loan
Participant
Acquisition Financing
Incremental First Lien DDTL
Co-Investor
Acquisition Financing
Incremental First Lien DDTL
Co-Investor
Acquisition Financing
Incremental First Lien DDTL
Co-Investor
Refinancing
First Lien Term Loan
Co-Investor
Acquisition Financing
First Lien Term Loan
Participant (Primary)
Acquisition Financing
Incremental First Lien DDTL
Co-Investor
Acquisition Financing
First Lien Term Loan
Participant
Acquisition Financing
First Lien Term Loan
Participant (Primary)
Refinancing
Subordinated Term Loan
Co-Investor
Acquisition Financing
Incremental First Lien DDTL
Co-Investor
Refinancing
Senior Term Loan
Co-Investor
Refinancing
First Lien Term Loan
Participant (Primary)
Acquisition Financing
Senior Term Loan
Co-Investor
Acquisition Financing
Senior Term Loan
Co-Lead Lender
Acquisition Financing
Senior Term Loan
Participant
Refinancing
Holdco Loan
Co-Investor
The information presented above/below should not be considered as investment advice or a recommendation of any particular security, strategy or investment product.
Our Partners
At Nicola Wealth, we strive to partner with globally reputable credit managers with industry-leading track records and expertise that share our value of commitment to clients.
- Strong multi-year performance track record
- Industry-leading expertise
- Portfolio diversification
- Opportunity for co-investments
- Alignment of interest
Contact Investment Team
Jurgen van Vuuren
Senior Director & Head of Private Debt
Stacey Mouadeb
Director, Private Debt
Tim Xu
Associate Director, Private Debt
Eduardo Angus
Associate, Private Debt
Matt Choi
Senior Analyst, Private Debt