Pemberton Asset Management
A leading European private credit fund manager offering senior direct lending to PE-backed and entrepreneur-owned mid-market companies, anchored by Legal & General and operating from nine pan-European offices.
What they do
Pemberton deploys capital through three principal direct lending strategies — a Mid-Market Debt fund, a Senior Loan fund, and a Strategic Credit (opportunistic) fund — collectively representing a $30bn+ platform. Its core Mid-Market Debt strategy provides senior secured unitranche and first-lien facilities, acting as sole or lead lender and negotiating bespoke bilateral agreements, primarily to private-equity-backed companies across Europe. The firm also operates a UK-dedicated sterling-denominated strategy (targeted at £500m) to address the domestic financing gap left by bank retrenchment. Pemberton's stated borrower profile targets companies with EBITDA broadly between €15m and €75m for its flagship mid-market strategy, with a Senior Loan strategy covering larger businesses (EBITDA up to €100m). Sectors of emphasis include technology, outsourced business services, life sciences, and defensive industrials with strong recurring cash flows.
Where they fit in a lower-mid-market raise
Pemberton is the right counterparty when a UK mid-market company — typically PE-backed or founder-owned with institutional-quality financial reporting — is seeking a single-lender senior secured solution in the £20m–£75m+ facility range, where bilateral structuring flexibility and pan-European ambition are valued. Their sterling fund makes them relevant for domestic UK transactions where currency matching matters. They are a strong fit for refinancings or acquisition financings with covenant-heavy bilateral terms and where a fund that will actively monitor the credit is acceptable to ownership.
Where they are not the fit
Pemberton does not operate in the lower mid-market sub-£15m facility band. A company with EBITDA below approximately £10m–£12m is unlikely to meet their borrower thresholds. They are not a fit for asset-heavy or asset-based transactions, early-stage or turnaround situations, or businesses without audited accounts and professional-grade management information. Facilities in the £3–10m range at the heart of the lower-mid-market sit structurally below Pemberton's minimum economic ticket.
On the record
Pemberton Capital Advisors LLP is authorised and regulated by the FCA, FRN 561640, authorised since 1 October 2013, registered in England and Wales.
Pemberton completed a €8.4bn direct lending fundraise cycle in 2025, comprising two senior loan funds closing at €6.1bn and Strategic Credit Fund III at €2.3bn.
Pemberton describes its total platform as a $30.5bn European multi-strategy private credit manager with 330+ institutional investors globally.
The Mid-Market Debt strategy targets borrowers with EBITDA typically between €15m and €75m; cumulative capital deployed across all MDF vintages is €18.0bn across 116 companies.
Pemberton launched a sterling-denominated UK Mid-Market Direct Lending Strategy targeting £500m, anchored by Legal & General, to address domestic financing gaps.
Pemberton Asset Management — UK Mid-Market Direct Lending Strategy announcement
Pemberton's three direct lending strategies deployed €4.6bn across European mid-market transactions in 2024.
Alternative Credit Investor — Pemberton AM raises €8.4bn for direct lending strategies, May 2025
Pemberton is backed by Legal & General as a principal institutional shareholder and operates nine pan-European origination offices.
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.