Deerpath Capital Closes 16th Collateralized Loan Obligation

NEW YORK, Sept. 30, 2025 /PRNewswire/ -- Deerpath Capital Management, LP ("Deerpath"), one of the largest private credit managers in the U.S. lower-middle market, today announced the closing of Deerpath CLO 2025-1, a $653.50 million collateralized loan obligation (CLO).

Deerpath CLO 2025-1 brings the firm's total CLO assets under management to approximately $3.9 billion and marks Deerpath's sixteenth CLO to date.

This marks the third CLO transaction of 2025 for the firm, which reset Deerpath CLO 2023-1 and reset and upsized Deerpath CLO 2021-2 earlier this year. This brings total issuance in 2025 to over $1.6B. Deerpath CLO 2025-1 is secured by a large and diversified portfolio of senior secured loans to middle-market, private equity-backed companies. As part of this transaction, Deerpath redeemed its 2020-1 transaction, a $403M transaction that was reset in 2023. This transaction results in a meaningful improvement in interest expense for its fund investors. 

Deerpath sold securities rated from AAA through BBB- to third-party institutional investors, including pension funds, banks, and asset managers, and saw significant interest in the Asia Pacific region. The transaction closed on September 30, 2025, and the reinvestment period runs to October 15, 2029.

"Deerpath has continued to access the CLO market in 2025 with a steady cadence of transactions while expanding its investor base globally and refinancing more expensive liabilities," said Derek Dubois, Managing Director and Treasurer. "The strong demand we saw, underscores the breadth of our platform and the confidence global investors place in our strategy."

GreensLedge Capital Markets LLC served as the Lead Placement Agent.

About Deerpath Capital Management, LP
Founded in 2007, Deerpath Capital Management, LP is one of the largest providers of customized, cash-flow based senior debt financing to lower-middle market companies across diverse industries. The firm currently manages approximately $9 billion of assets. For more information, please visit www.deerpathcapital.com. 

Media contact:
Eli Kapsack
Profile Advisors (On behalf of Deerpath Capital)
[email protected] 

 

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SOURCE Deerpath Capital Management, LP