Siguler Guff & Company, LP (“Siguler Guff” or the “Firm”), a multi-strategy private markets investment firm with approximately $18 billion of assets under management, today announced that it ended 2024 with a record quarter of deal activity across its Tactical Credit investment strategy. Tactical Credit, one vertical of the Firm’s private credit offerings, is an absolute return investment strategy focused on private credit across specialty finance and corporate lending, with the flexibility to capitalize on market dislocations within traded credit. The strategy seeks investments with stable income, low market correlation, and shorter duration.
The record quarter deal flow follows a strong overall fundraising year for the broader Siguler Guff credit platform, which raised over $1.2 billion in new commitments during the last twelve months. During 2024, the Firm also brought to market its first evergreen fund, Siguler Guff Tactical Credit Evergreen Fund (‘TCEF’), which had its first closing in May 2024 and has accepted additional capital since then.
A highlight of certain deals closed in Q4 includes:
- Lead lender and administrative agent for a $54 million senior secured credit facility to support a private equity firm’s acquisition of a provider of asset-efficient auto logistics solutions for blue-chip auto manufacturers
- Sole lender and administrative agent for a $50 million senior secured credit facility to a digital transformation firm owned by an independent sponsor and family office
- Sole lender for $30 million B-Note of a senior secured loan to finance the third phase of luxury condominium development located in South Florida
- $50 million commitment to a programmatic forward flow agreement to purchase personal installment loans with an attractive equity cushion from a large, long-established originator
- $35 million secondary purchase of a portfolio of LP interests in 4 alternative credit funds
“We were pleased by the record pace and range of tactical credit investments during the fourth quarter,” said Michael Apfel, Partner and Head of Credit and Special Situations at Siguler Guff. “We are currently finding exceptional opportunities in asset-backed finance, lending to businesses with less than $50 million of EBITDA, and real estate lending, which we expect to continue in 2025. With our flexible mandate, we are fortunate in that we can take advantage of all market conditions.”
Drew Guff, Co-Managing Partner and Chief Investment Officer of Siguler Guff, added, “Siguler Guff has built an information and sourcing edge which the firm fostered over nearly 30 years. We believe the real value for investors in private markets is not in increasingly larger and more competitive deals, but rather in more difficult-to-access niches, smaller companies, and complex situations where demand for capital is at a premium and risk-adjusted return profiles are superior.”
Since 2002, Siguler Guff’s credit platform has invested $9 billion through evolving economic and market environments and provides a range of credit investment strategies focused on direct corporate lending, specialty finance, and special situations investing.
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