Private Debt Funds

Connecting you to the Best Debt Funds Across the Globe

A Brief History of Private Debt Funds 

 

Note that these are in reference to corporate lending, and does not refer to real asset lending, such as lending to real estate and infrastructure projects.

 

Private debt has been around for a long time, but private debt funds only came into being in the late 1980s/1990s. The asset class began to gain more prominence in 2007 and 2008 but volumes crashed soon after as the Global Financial Crisis (GFC) struck.

 

However, post-GFC, stricter regulatory requirements served to reduce bank lending to private borrowers. On the flip side, demand for capital (e.g. M&A) grew rapidly. As such, the asset class recovered rapidly to replace the void left by the pullback in bank lending.

 

We see in the funds raised for private credit – the figure has almost quadrupled, growing from US$39b in 2009 to US$152b in 2018. Although there is no central directory of private debt funds, Preqin’s database shows that over 2,000 private debt funds have been raised over the past five years.

 

Since 2013, we have built a trusted network of over 300 of the best private debt funds who are ready to allocate capital to help businesses like yours grow.

 

Tap in and view our international pool of private debt funds

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It is common for businesses to look in their home country for debt and financing options. However, the best interest rates, loan terms and loan structure for your business could be located in other parts of the world.

 

At Fuse Capital, we can help you tap into our global network of over 300 funds. You no longer have to search for private debt funds and reach out to each one individually, therefore saving you precious time and effort.

 

With our deep expertise in the space, we know who to speak to, how to best present your business, what loan type and structure fit your business, and we can help you fight for the best loan terms.

 

Client Success Stories

Hear from other who have harnessed our network of funds.

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Dott

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Managed

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Senseye

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Working with private debt funds in general

Different private debt funds have different underwriting styles and preferences. In general, before approaching a private debt fund, you must be very clear on the following items:

 

 

  • Do you want to leverage your business beyond what your bank is willing to lend?
  • Do you want additional flexibility?
  • Do you have a complex transaction?
  • Is there a backstory, for example, losses or reduced revenue?
  • Do you want to take cash out of the business?
  • Do you want a low interest rate but are prepared to agree to covenants?
  • How many years have you been trading and what did you generate in the last three years?
  • How much do you want to borrow?

 

 

 

That last question is key, as most private debt funds will only lend to businesses generating EBITDA of over £5m.

 

Should you find your business in the lower brackets as shown in the following image, you would find yourself shut out by most private debt funds.

 

Private Debt Funds Brackets Graphic

Source: Campbell Luytens (2019)

 

Fortunately, for pre-profit technology businesses with a revenue of at least £2mn, we know where to go to get your term sheets and we specialize in getting the best terms for you.

Working with a private debt fund we have selected

Like with any industry, our lending operations rely on relationships forged over time. We know every one of our private debt funds on a personal level and have transacted with most.

 

Our fund’s credit and underwriting policies are crystal clear. We understand their mandates and can share them with you with confidence.

 

As we save our partners a lot of resources, we are able to secure for you better loan terms and in a shorter period of time.

 

Certain parts of the world have a stronger presence of private debt funds, below you can take a closer look at some of the regional HQ’s we work with:

Private Debt Europe

A HQ for private debt in the Northern & Eastern Hemisphere

Learn more

Private Debt Fund Singapore

A regional HQ for private debt in Asia and Southeast Asia

Learn more

Private Debt Funds London

A regional HQ for private debt in the United Kingdom

Learn more

What we need to get started

  • Time to discuss your goals and needs

  • Proof of your business model

  • A clear use of funds

How long does it take to speak with a private debt fund?

 

A typical process can take anywhere from 8-12 weeks, and the following chart illustrates how the overall process will look like:

 

 

Day One

Kick-off meeting

Day One

Kick-off meeting

Week One

Client sends data

Week One

Client sends data

Week Two

We create your private debt deck for funds

Week Two

We create your private debt deck for funds

Week Four

We approach private debt funds & get offers

Week Four

We approach private debt funds & get offers

Week Five

Fund/Borrower intro meetings/calls

Week Five

Fund/Borrower intro meetings/calls

Week Six

You accept an offer & due diligence begins

Week Six

You accept an offer & due diligence begins

Week Seven

Loan documentation

Week Seven

Loan documentation

Week Eight to Twelve

Drawdown funds

Week Eight to Twelve

Drawdown funds

Hear from our clients

“Knowing who to talk to and what to talk about is Fuse Capital’s significant value-add. In fact, it can take years to build the types of relationships and trust that Fuse Capital already has.”

KRM22 Co-founder Karen Bach

“Thank you to the team at Fuse Capital for helping secure financing on great
terms. Fuse kept everyone well informed throughout the process, and used
their experience to smooth each party’s way through the deal. They’re a great
choice for helping scale technology businesses.”

Rovco Founder & CEO Brian Allen

“I chose Fuse Capital because I knew they could deliver at a time when it mattered most. We wanted experts in their field who could save us time and get us the best deal and they did exactly that.”

Airnow CEO Philip Marcella

“Thank you Fuse Capital for all the support. It was a pleasure working with the entire team 👍”

Dott Head of Strategy Steve Smith

“Fuse Capital has now successfully delivered debt funding to our business for a second time. We consider them to be true experts in their field and wouldn’t hesitate to refer them to any business looking to raise debt. Thank you for your professionalism and diligence.”

Simplestream Chairman Neil Blackley

“The support and advice our team has received from Fuse Capital has been invaluable. I would like to thank the team for their hard work especially through COVID times. Whilst we have been focused on business operations, the Fuse team were able to successfully secure essential growth funding for our future”

SLR Dynamics CEO Salim Raza

“Fuse Capital’s experience working in the private debt market gave us confidence that we could source the growth funding we needed without restrictive covenants or diluting our equity. The process of working with Fuse Capital was professional and easy. They were committed to getting the deal done and their knowledge of our business and industry and the debt market meant they produced a high quality investment memorandum.”

Working Voices CFO Stephen Furner

“Fuse Capital went the extra mile in putting together our investment memorandum. The result was a highly detailed, realistic and marketable proposition. I’m convinced the level of detail Fuse Capital put in led to our swift receipt of term sheets.”

HealthTech CFO Ian Bastow

“I liked the fact that Fuse’s team was more than happy to roll up its sleeves and do the work, Fuse Capital’s services complemented our management team’s expertise, so we could focus on the most important issue at hand… running our business.”

Rezatec CEO Patrick Newton

“Fuse Capital massively reduced the amount of work the executive team and I had to do. The firm knows its market and took on all the research. Knowing which lenders are relevant for your business can save you a couple of days per provider.”

HealthTech CFO Ian Bastow

Get in touch

Start the conversation and fuel your business with non-dilutive private debt capital.