Lower Middle Market Focus
The Fund lends to U.S. and Canadian lower middle market companies, a fragmented segment where the supply of needed capital is insufficient.
Private Credit for Qualified Investors
Draft: not yet approvedFive Crowns Credit Fund provides secured private credit to U.S. and Canadian lower middle market companies, participating in $8M to $100M credit facilities. Loans are structured for current income with equity upside through warrants. The Fund is industry-agnostic and is currently raising its second series for qualified investors.
Strategy
Draft: not yet approvedFlexible Structures
Each facility is structured around the borrower's specific situation, from first lien through mezzanine and preferred equity, with current income and equity upside through warrants.
Value-Focused Underwriting
Investment decisions rest on value-oriented, fundamental, bottom-up research on each borrower, with interests aligned across all stakeholders.
Fund Status
- First series
- Closed July 2026
- Second series
- Now raising
- Minimum commitment
- $250,000
Investment Criteria
- Loan amount
- $8 – 100 million
- Tenor
- 3 – 5 yearsDepending on credit and visibility
- Leverage
- 1.0x – 3.0x
- Borrower revenue
- $10 – 250 million
- Borrower EBITDA
- $3 – 30 million
- Geography
- U.S. and Canada
- Sectors
- Industry agnostic
- Security
- 1st lien
- 2nd lien
- Junior secured
- Last-out participations
- Mezzanine
- Preferred equity
Track Record
Over $200M across 9 investments*
The Fund's first investment
Tampa Bay, Florida
Draft: not yet approved[PENDING LEGAL REVIEW]
*Investments sponsored and participated in by Five Crowns Credit Partners, LLC, an affiliate of the Fund, since 2016. Does not represent Fund performance. Past performance is not indicative of future results.
Affiliations
Request Fund Materials
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Contact
Kyle Macleod
Phone(714) 376-1667