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Merchant Banking

Direct Lending

Direct Lending provides customised senior and subordinated debt financing solutions to privately-owned businesses across the European mid-market.

We create bespoke and flexible debt financing solutions that are 'tailor-made' to the specific requirements of the entrepreneurs, families and private equity sponsors with whom we work. We structure our investments to meet a very broad range of financing needs faced by middle-market companies, including buyouts, business expansion, acquisitions, refinancings and recapitalisations.

Our team manages two funds, Five Arrows Credit Solutions (FACS), a junior debt fund which raised €415 million of commitments in 2014, and Five Arrows Direct Lending (FADL), which raised €655 million in 2018, both of which are currently in active deployment mode.

Based in London, Paris and Luxembourg, our experienced and international investment team provides solutions across the debt capital structure, including unitranche, second lien, mezzanine, PIK and preferred equity financings, with a view to delivering attractive risk-adjusted returns for our investors.