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

Dollars are in Canadian. Stats as of June 30, 2022.

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