Colbeck Capital Management, a middle-market private credit firm focused on strategic lending, launched Colbeck Strategic Income (CSI), a new direct lending vertical, with an initial capital commitment of approximately $400 million.
CSI focuses primarily on first-lien senior secured loans to middle-market companies experiencing their next stage transition. Colbeck is executing the strategy and has made six investments to date, with the support of both existing Colbeck clients and new relationships, and a robust pipeline of near-term investment opportunities.
Consistent with Colbeck’s approach over the last 17 years, CSI seeks to finance companies that are experiencing transformative growth, emphasizing downside protection and structural flexibility. Leveraging its extensive underwriting and structuring experience, deep sourcing networks and private equity-style engagement, Colbeck seeks to create value for both its borrowers and investors at all points of the credit cycle.
“Over the years, as alternatives markets have matured and our sourcing capabilities have deepened, we have seen a growing pipeline of high-quality opportunities in larger, more established middle-market companies that offer an attractive risk-adjusted profile,” Jason Colodne and Jason Beckman, co-founders and managing partners of Colbeck, said. “Taken together, they have created a natural runway for CSI, enabling us to more fully capitalize on the breadth of opportunities generated by our existing sourcing engine. While we remain a focused, single-strategy firm, we believe having two complementary verticals, CSL and CSI, provides attractive investment optionality and diversification amidst a dynamic market backdrop. We are grateful for the strong initial support CSI has received and look forward to building on this momentum.”
