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About Us

Five Crowns Credit Partners was established in 2016 to formally expand the capabilities of Five Crowns Capital into lower middle-market direct lending. We work with borrowers to creatively solve their funding needs with our highly flexible and customized approach.

Contact Info

  • info@fivecrownscredit.com


Five Crowns Capital History

Five Crowns Capital was founded in 2003 to make equity investments in lower middle market businesses.  The firm built a successful track record and became known for its value-oriented, contrarian approach to creatively execute deals in complex situations and out-of-favor industries.  Five Crowns’ formal expansion into direct lending in 2016 was driven by the compelling market opportunity and strong interest from the firm’s investor base.

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Investment Approach

Five Crowns Credit Partners seeks to holistically evaluate each situation in order to solve the borrower’s liquidity needs with a flexible and creative capital solution.  The firm often works with companies that are struggling to attract capital from more traditional sources for a variety of reasons (non-sponsored, limited size, too much of a “story”, or insufficient time to run a fulsome fundraising process, among others).  Our capital is typically more flexible on terms / loan amounts versus a traditional lender, while being materially less dilutive than a pure equity solution.  We conduct heavy due diligence to ensure principal protection and are highly active in governance to maintain a strong and collaborative relationship with management.

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Investment Criteria

Our opportunistic approach means that we do not have any strict investment criteria – we will always evaluate situations holistically to see if we can find a creative angle that makes sense.  However we expect that most of our borrowers will have revenues of $10-200 million and EBITDA of $2-20 million.  Most loans will likely range in size from $5-50 million and will be secured (either 1st or 2nd lien) by asset values or predictable / recurring cash flows.  Our loans will generally include maintenance covenants and governance rights.

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