Pathlight Capital
100 Federal StreetBoston, MA 2110
Website: pathlightcapital.com
Firm Size
- Assets Under Management (AUM):$2.2 Billion
- Number of Funds:7
- Employees:25
- Firm Type:Private Equity
- Focus Areas:
Services
Description
PATHLIGHT CAPITAL is a prominent financial services firm based in Boston, Massachusetts. Established in 2012, the company specializes in providing flexible and customized financing solutions to middle-market businesses. With a focus on supporting growth, acquisition, and recapitalization efforts, PATHLIGHT CAPITAL has established itself as an industry leader, offering innovative strategies for financing needs. The firm boasts a team of experienced professionals who have deep expertise in underwriting and structuring investments across various industries. By leveraging their extensive network and industry knowledge, PATHLIGHT CAPITAL aims to deliver comprehensive and tailored financial solutions to its clients.Latest News
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Dec 19, 2023: Pathlight Capital Closes Third ABL Credit Fund with $860 Million of Commitments
Pathlight Capital LP ("Pathlight") announced today the final closing of its third fund, Pathlight Capital Fund III LP ("Fund III") as well as the initial Tranche of its Evergreen vertical, Pathlight Capital Evergreen Fund LP (the "Evergreen Fund" and together with Fund III, the "Fund"). The parallel Fund entities secured a combined $860.3 million of capital commitments. Including separately managed accounts, Pathlight now maintains over $2.7 billion in assets under management. The Fund will continue to pursue the strategy employed by Pathlight's previous funds of providing companies with asset-based financing solutions for working capital, refinancing, growth, acquisition, dividend, and turnaround strategies.
Nov 16, 2023: Pathlight Capital Welcomes Laura Hegarty as Managing Director, Investor Relations
Pathlight Capital LP ("Pathlight") is pleased to announce the hiring of Laura Hegarty as Managing Director, Investor Relations. Hegarty will focus on fundraising initiatives for the $2.7B private credit firm.
Sep 13, 2023: Pathlight Capital Upsizes Term Loan Credit Facility to $200.6MM in Connection with Franchise Group Buyout
Pathlight Capital LP ("Pathlight") is pleased to announce the closing of a $133.5MM upsize ("Upsize Facility") to the existing senior secured term loan credit facility to a Franchise Group, Inc. ("Franchise Group") affiliated SPV to support an incremental purchase of a portfolio of performing receivables from W.S. Badcock Corporation ("Badcock" or the "Company"), one of the largest home-furnishing retailers in the southeast and subsidiary of Franchise Group.
Sep 06, 2023: Pathlight Capital Serves as Documentation Agent for Beyond Finance on $635MM Credit Facility Upsize
Pathlight Capital LP ("Pathlight") announced it is serving as the Documentation Agent on a senior secured delayed-draw term loan facility (the "Credit Facility") for Beyond Finance, LLC ("Beyond" or the "Company"), a provider of success fee-based debt resolution services. The Credit Facility was recently increased from $400 million up to $635 million with proceeds used to support the Company's ongoing operations and enhance their growth initiatives. Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, served as Administrative Agent. Funds managed by affiliates of Fortress Investment Group LLC also participated as a lender in the transaction.
Jun 28, 2023: Pathlight Capital Agents $135,000,000 Senior Secured Term Facility for Designer Brands Inc.
Pathlight Capital LP ("Pathlight" or "Pathlight Capital") announced it is serving as the Administrative Agent on a $135,000,000 senior secured term facility for Designer Brands Inc., ("Designer Brands", "DBI" or the "Company"), one of the world's largest designers, producers, and retailers of footwear and accessories in North America .