Advancing a
refined private credit platform.
Built to serve the Lower Middle Market with precision and purpose
We serve investors by partnering with underserved lower middle market businesses to deliver bespoke private credit solutions with durable income and disciplined downside protection.
We serve investors
by partnering with underserved
lower middle market businesses to deliver bespoke private credit solutions with durable income and disciplined downside protection.
Proven Private Markets Expertise
Applied with discipline to protect and compound investor capital
PARTNER INVESTING EXPERIENCE
$2 billion+
Cedar Bay’s leadership team brings deep private markets experience, having collectively led and structured over
$2 billion in debt and equity investments across prior roles. That experience spans multiple market cycles and transaction types, informing a disciplined approach to underwriting, structuring, and risk management. The partners have worked together across numerous transactions and are now united under a single platform focused on delivering durable outcomes for investors.
Lower Middle Market Direct Lending
Senior secured and structured credit to subscale businesses
Operating Company and Corporate M&A Investments
Capital supportung acquisitions, transitions, and operational growth
Asset-Oriented Private Equity
Investments backed by hard assets and durable cash flow
Private Equity
Control and minority equity across diverse transaction types
Our Approach
LOWER MIDDLE MARKET FOCUS
EBITDA $0 - 25 million
We believe the lower middle market represents one of the most attractive and structurally inefficient segments of private credit. Characterized by reduced competition, higher yields, lower leverage, and stronger lender protections, this segment stands in clear contrast to larger loan markets where excess capital and institutional crowding have compressed returns and weakened structures.
INDUSTRY & BORROWER SEGMENTS
Reshoring and
The CapEx Supercycle
Sports, Hospitality
and Leisure
Funding Strategic M&A
At Cedar Bay, we focus on three differentiated investment themes where structural tailwinds, asset coverage, and bespoke underwriting create compelling risk-adjusted return profiles. We partner with businesses reshoring operations or making critical capital investments, where macro trends and policy incentives are driving supply chain reconfiguration and supporting asset-backed yields for investors. In sports, hospitality, and leisure, we target credit secured by scarce assets such as premier venues, rights, and trophy real estate, supported by durable consumption trends. We also provide secured capital to experienced management teams pursuing strategic M&A, leveraging existing cash flow and assets while reducing reliance on traditional sponsor or search fund structures.
Our Investment Process
We approach each investment with a partnership mindset, seeking to build long-term relationships with borrowers that enhance execution certainty and structural outcomes for investors. These relationships create flexibility throughout the life of the investment, allowing Cedar Bay to deliver tailored financing solutions, select appropriate collateral, and implement covenants aligned with risk. Ongoing engagement enables proactive monitoring, early identification of issues, and collaborative resolution, supporting capital preservation and durable income over time.
