GARRINGTON PRIVATE CREDIT FUND
The Garrington Private Credit Fund is a Cayman-based corporation that has been formed to provide international investors the ability to access exposure to credit facilities originated and managed by one of the premier commercial finance lenders in North America, Garrington Group Inc. Focused on private debt opportunities, the Fund aims to achieve consistent, risk-adjusted returns with minimal volatility and low correlation to most traditional asset classes.
We believe this is one of the best areas in the investment universe to invest in for superior risk-adjusted returns, WHEN MANAGED APPROPRIATELY.
THE FUND AND ITS STRATEGY
The fund deploys capital in five different areas of the SME lending space primarily through senior secured credit facilities:
Asset-Based Lending
Revolving lines of credit based on the value of accounts receivables, inventory and other tangible assets
Commercial SME Finance
Revolving lines of credit to commercial lenders who lend to SME businesses, with tangible assets as collateral
Invoice Factoring
Advances provided through the purchase of credit-worthy invoices
Lender Financing
Revolving lines of credit based on the value of commercial and consumer finance portfolios
Specialty Financing
Credit facilities based on the values of secured assets, asset pools, and verifiable enterprise values
* The above characteristics and descriptions are indicative term and characteristics of Garrington investment strategy and are provided for general informational purposes only.
The descriptions are not inclusive of all relevant terms and the characteristics may change from time to time.
The Fund has a diversified portfolio of underlying loans by number and loan types, with duration generally ranging from six months to three years.
THE FUND AND ITS STRATEGY
The fund deploys capital in six different areas of the SME lending space primarily through senior secured credit facilities:
Asset-Based Lending
Revolving lines of credit based on the value of accounts receivables, inventory and other tangible assets
Invoice Factoring
Advances provided through the purchase of credit-worthy invoices
Equipment Financing
Term loans and leases based upon the appraised value of machinery and equipment
Real Estate Financing
Term loans based upon the appraised value of real estate assets
Lender Financing
Revolving lines of credit based on the value of commercial and consumer finance portfolios
Specialty Financing
Credit facilities based on the values of secured assets, asset pools, and verifiable enterprise values
* The above characteristics and descriptions are indicative term and characteristics of Garrington investment strategy and are provided for general informational purposes only.
The descriptions are not inclusive of all relevant terms and the characteristics may change from time to time.
Terms range from six months to three years, with relatively low duration and a diversified portfolio of underlying loans by number and loan types.
Garrington Investment Philosophy
GARRINGTON FOUR PILLARS OF STRENGTH
Private lending to SME businesses in North America, primarily in loan sizes under $30 million, can provide excellent risk-adjusted returns relative to other areas when managed properly.
Private lending to SME businesses in North America, primarily in loan sizes under $30 million, can provide excellent risk-adjusted returns relative to other areas when managed properly.
VAST ORIGINATION
Opportunity to review several hundred potential loans each year through thousands of referral sources.
ROBUST & EFFICIENT UNDERWRITING
Full diligence of operational and financial controls, collateral quality and legal/regulatory review.
LAYERS OF OVERSIGHT
Ongoing assessment of company financials, collateral coverage, exit strategy, periodic site visits and appraisals.
PACING OF CASHFLOWS
Pacing transaction flows with the capital we receive from our clients is critically important – overlayed with significant revolving credit facilities.
ABOUT GARRINGTON
For over 20 years, Garrington’s experienced team has creatively and passionately been providing working capital solutions to small and medium-sized businesses across North America. The company has deployed more than USD $5 Billion since its inception, with over 60 employees in the US and Canada.
We have a flat organization where decision-makers are always accessible.
Our centralized underwriting and operations allow for a straightforward process for our borrowers, striving to provide value to our borrowers through the life of the loan by going above and beyond and consistently operating with a sense of urgency for our clients.
We strive to support entrepreneurial businesses with practical and creative working capital solutions.
SENIOR INVESTMENT PROFESSIONALS
Our team has extensive experience in loan origination, underwriting, and strategic capital deployment. From the top down, we’re relentlessly focused on delivering financing solutions for our clients that meet the needs of today, and lay the groundwork for a confident tomorrow.