Why Businesses Borrow Beyond The Banks We are often asked, “Why would businesses with strong collateral pay 12 to 15 percent per annum—or more—to borrow from us? What’s the catch?” In our view, there isn’t one. When structured and managed with discipline, senior-secured, asset-backed lending to smaller mid-market borrowers offers one of the most compelling risk-adjusted return profiles available to…
Tricolor – When Incentives Overrun Controls The bankruptcy of Tricolor Holdings has drawn global attention to subprime auto finance. Tricolor was a Dallas-based used car dealer and subprime auto lender serving borrowers with limited credit history. It operated at the intersection of retail car sales and consumer lending, a model that can blur incentives when sales and underwriting sit under…
Lender Finance, Revisited: A Portfolio Inside a Portfolio Some subjects are worth returning to. We’ve written about lender finance before, but like any good portfolio, the more you study it, the more it reveals. Lender finance is not just a sector in which we participate. It’s a strategy that continues to exemplify what we look for across our entire book…
The Discipline Behind the Numbers: Why Stability Is the New Alpha Conventional wisdom says investing is all about compromise. If you want the upside of equities, you must live with volatility. If you want safety, you accept muted returns. But the past decade has shown that this isn’t the only path. As Warren Buffett wisely stated , “The first rule…
Reading The Ice, Funding With Foresight There’s something distinctly Canadian about tying business lessons back to hockey, and for us, it feels right at home. My dad always said, “The best offence is a good defence.” While I may have rolled my eyes when I was younger, that mindset is surprisingly helpful when thinking about how we approach lending. At…
Why Smaller Credit Platforms Can Do Big Things A case for precision, alignment, and the value of saying no. It’s easy to equate size with strength. In private credit, AUM headlines are often seen as a proxy for performance. Bigger funds, bigger teams, bigger raises, the story goes that scale is everything. But there’s a different story worth telling. Boutique…
Opening the Books: Highlights from Our Q2 Investor Call Transparency is more than a value; it is a practice. At Garrington, we host quarterly calls to open the books, share our thinking, and answer every question, because protecting capital is about more than strong numbers. It is about trust. During our Q2 call, our leadership team, Toreigh Stuart, Tammy Kemp,…
Private Credit Myths Investors Still Believe Even as private credit continues to mature, now a multi-trillion-dollar global asset class, a few myths still linger. They are resilient, sometimes amusing, and occasionally delay investor decisions. At Garrington, we dispel them the same way we underwrite loans, with clarity, discipline, and a quietly confident tone. Myth 1: If It’s Private, It Must…
When Audits Become a Badge of Honour Evidencing Best Practices Having credit policies that spell out underwriting processes, Investment Committee approvals, and portfolio management is essential. But the real test is whether we follow those policies consistently, not just when someone is watching. An accurate measure of integrity is not about compliance under a spotlight; it is about doing things…
Meet Tammy Kemp: Leadership You Can Reach At Garrington Private Credit, we pride ourselves on offering more than capital. We offer partnership. That begins at the top with our President and Chief Credit Officer, Tammy Kemp. In an industry often defined by distant decision-makers and rigid mandates, Tammy brings something different: accessibility, depth, and a hands-on approach that reflects our…
