Our Strategy
ACP offers flexible direct lending solutions to non-sponsored and sponsor-backed middle market companies across North America. Our primary focus is providing first lien and unitranche loans, targeting established companies within a diverse range of defensive industries. We believe that our team's extensive investment experience provides us with differentiated sourcing and underwriting capabilities, and that that gives us a competitive edge.
Through deep sector knowledge and abundant operational resources, we provide creative and flexible solutions tailored to the specific needs and long-term growth objectives of each company with which we partner.
Company
Profile
- Non-Sponsored (Independent / Family / Founder Owned)
- Sponsor-Backed / Private Equity Owned
Transaction
Types
- Buyouts
- Acquisition Financing
- Growth Capital
- Recapitalizations / Liquidity
- Refinancings
Investment
Types
- Senior Secured
- Unitranche
- Second Lien
- Equity Co-Investments
Company
Size
- EBITDA of $10 to $150 million
- Revenue of $20+ million
Target
Industries
- Sports
- Media & Entertainment
- Financial Services
- Tech-Enabled Business Services
- Healthcare
- Consumer Products & Services
- Industrials
Investment
Criteria
- Cash Flow Loans
- Asset-Backed Loans
- No Minimum Tranche Size
- North America (U.S. and Canada)
ACP invests in a balanced mix of both non-sponsored and sponsor-backed direct lending opportunities. By leveraging our longstanding partnerships with management teams, intermediaries, business owners, private equity sponsors and other key direct lenders, we believe that we have powered a robust origination engine that will ensure breadth and consistency in the firm’s deal pipeline.
Non-Sponsored Direct Lending Opportunities
As a strategic partner, ACP serves independent companies in their pursuit of creative, flexible financing solutions that can enable business growth and / or optimize their capital structure. Drawing upon our team’s experience in supporting non-sponsored borrowers at various lifecycle stages, we provide companies access to a comprehensive suite of financing solutions designed to achieve their business and shareholder goals.
Sponsor-Backed Direct Lending Opportunities
ACP acts as a valuable partner to private equity sponsors who may require financing solutions for new buyout opportunities and / or for existing portfolio companies. Harnessing ACP’s wealth of relationships with private equity firms, intermediaries and other direct lending platforms, we are well positioned to lead or participate in a variety of sponsor-backed lending opportunities in the middle market. We believe that we have enduring partnerships, in-depth industry expertise and a nimble investment process that best position us as a highly reliable, trusted source in successfully executing financing solutions.
We believe that ACP has a strong sourcing and underwriting advantage across a broad set of U.S. middle market industry verticals, along with some unique sectors of expertise, which we believe creates a sustained competitive advantage for deal flow and credit underwriting, regardless of market conditions. Our team has specialized experience investing in each of our core verticals as well as deep relationships across our ecosystem.
Sports
ACP maintains significant experience investing in and providing bespoke financing solutions to companies operating in the professional sports ecosystem. This may include IP licensing, ticketing platforms, mobile gaming, data and analytics, among others.
Media & Entertainment
ACP invests across many facets of the media & entertainment industry, with a focus on film, television and music. We provide compelling financing solutions to enterprises engaged in distribution, library finance, talent management and production / post-production services.
Financial Services
ACP focuses on investing in middle market financial services companies, including in insurance brokerage, wealth management, financial technology and specialty finance.
Other Core Verticals
ACP also has considerable experience providing financing solutions to companies in other key verticals, including in tech-enabled business services, healthcare, industrials, and consumer products & services, among others.
At ACP, our rigorous investment process is underpinned by a highly disciplined and comprehensive approach to risk management.
Origination
Coordinated efforts, both outbound and inbound, create differentiated deal flow driven by our extensive network across diverse origination channels.
Underwriting
Highly selective underwriting process fueled by rigorous due diligence that encompasses management discussions, site visits, stress tests of financial models, industry & business analysis, ESG assessments and third-party engagement.
Investment Committee Review & Approval
Extensive evaluation of every investment opportunity with final approval by our investment committee to determine if a sufficient risk / reward dynamic is evident.
Pre-Closing Loan Review & Deal Closing
Collaborative review of loan documents in partner with legal counsel and finalization of transaction documentation to ultimately close and fund the investment.
Portfolio Management
Hands-on approach to continuous portfolio management, closely evaluating portfolio companies on a weekly—and often daily—basis.
Risk Management
Ongoing risk-management process spanning internal credit analysis and external evaluations by third-party valuation specialists.
