Hilco Capital
The UK lending arm of Hilco Global, providing asset-based facilities of £1m to £10m for buyouts, carve-outs and turnarounds, with facilities completing in around ten days.
What they do
Hilco Capital lends against tangible and working-capital collateral, with a stated average of about ten days from mandate to completion on asset-based facilities. Behind the lending sits a valuation and operations business of more than a hundred people, which is how the firm gets comfortable with inventory and equipment that other lenders discount heavily. Situations funded include management buyouts and buy-ins, owner retirements, non-core carve-outs and turnarounds, across retail, consumer, distribution, manufacturing, engineering and automotive. Ownership passed to ORIX in 2025 and the asset-based platform was expanded in 2026.
Where they fit in a lower-mid-market raise
Speed against collateral is what this firm sells, and the valuation expertise behind it means a stock-heavy or equipment-heavy business gets a higher advance than a conventional lender would offer. For a carve-out completing to a seller's deadline, or a management team buying a business out of a difficult period, ten days to funding is often the deciding factor rather than the margin.
Where they are not the fit
Facilities run from £1m to £10m, so the top of a £3–15m raise needs another lender alongside. Pricing is not published and special-situations money is not cheap. The most recent publicly named UK facilities date from 2023 and 2024, so current appetite is worth confirming directly.
Published terms
- Pricing
- Not published
- Speed to terms
- ~10 days average time to completion for ABL facilities (firm-stated)
- Sponsored or sponsorless
- Primarily corporate/direct: funds management teams (MBO/MBI), owner retirements, turnarounds and non-core carve-outs. Sponsor appetite not stated
- Where they lend
- UK-headquartered (London, 84 Grosvenor Street); also Western Europe, Canada, Australia. Core UK LMM appetite
- How they decide
- Rapid, straightforward ABL underwriting with optional operational-improvement support from a 100+ person operations team; asset-collateral led
- Search funds and ETA
- Lends to search-fund and entrepreneurship-through-acquisition buyers on the published evidence
As published by the lender and last reviewed August 2026. Terms quoted on a deal are set by the credit, not by a published band.
The desks that lend
Hilco Capital lends through 2 separate books. Which one reads a deal decides the security, the covenant package and the band, so the question is rarely whether Hilco Capital lends, but which of these would own it.
Asset-based lending (revolvers, term loans, cash flow loans, bridge/dip, inventory finance)
- Facility
- £1m to £10m
- Security
- Senior secured or asset-backed across accounts receivable, inventory, real estate, machinery and equipment, and intangibles
- Funds
- Acquisition · Growth · MBO · Refinance · Turnaround
Special situations investment (non-core, MBO/MBI, retirement sales, accelerated M&A, turnaround funding)
- Facility
- £1m to £10m
- Security
- Secured; funding plus financial and operational support to management teams
- Funds
- Acquisition · MBO · Turnaround
How they sit against the category
- Its published ceiling is £10m; 31 of the 46 private-credit funds here go at least as high.
- It opens lower than almost all of them, at £1m.
- Like 31 of the 46, it publishes no indicative price — a margin comes from a conversation, not a page.
Counted across the 46 private-credit & direct-lending funds in this directory, on what each one publishes. What a lender discloses and what it will do are different things.
Questions this page answers
How large a facility does Hilco Capital write?
Published facilities run £1m to £10m. A band is what a lender states it will do, not what it will do on a given credit.
How quickly does Hilco Capital move?
~10 days average time to completion for ABL facilities (firm-stated). Published timetables describe a clean case; anything unusual in the security or the structure adds to them.
Does Hilco Capital lend to search funds or ETA buyers?
Yes, on the published evidence. Hilco Capital lends to search-fund and entrepreneurship-through-acquisition buyers. A searcher's route to a lender usually runs through the quality of the target and the equity behind it.
Does Hilco Capital lend to companies without a private-equity sponsor?
Yes. Hilco Capital lends to owner-managed and corporate borrowers, and publishes no private-equity sponsor proposition.
Where does Hilco Capital lend?
UK-headquartered (London, 84 Grosvenor Street); also Western Europe, Canada, Australia. Core UK LMM appetite.
On the record
July 2026: Hilco Global Capital Solutions $65m FILO secured term loan for a specialty-retailer acquisition (US-side; High — PRNewswire.
September 2025: ORIX Corporation USA completed majority acquisition of Hilco Global (High — Hilco Global/PRNewswire.
January 2024: Seafolly working-capital facility (Med — hilcocapital.com homepage.
September 2023: Kick Game growth facility (Med — hilcocapital.com homepage.
April 2026: Launch of expanded ABL platform via Hilco Global Asset Management post-ORIX (High — Alternative Credit Investor / PRNewswire.
Sources: hilcocapital.com
This profile is a curated reference note drawn from public sources, not financial advice or a recommendation. Appetite and terms change; a lender's fit for a given credit is established by approaching it, not inferred from a page.