Since beginning operations in September 2011, White Wolf has made numerous successful private equity investments in middle market companies across multiple industries in the U.S. and Canada.

White Wolf prides itself as being a creative, flexible, and solutions-oriented private capital provider. Accordingly, in September 2020, White Wolf launched its private credit strategy enabling us to invest across the capital structure and in situations that require custom solutions.

Our private credit strategy will be focused on making senior or mezzanine debt investments as well as minority equity co-investments in privately-held, middle market companies (minimum revenue and EBTIDA of $10 million and $3 million, respectively).

Similar to our private equity strategy, preferred industries include: manufacturing, business services, information technology, security, aerospace and defense.

Typical situations include direct lending to lower middle-market companies and private equity financial sponsors to fund refinancings, leveraged buyouts, acquisitions, recapitalizations, strategic growth investments, and capital expenditures.

Summary of Investment Criteria

Transaction Values Up To

$25M

(larger with co-invest)

Minimum Revenue

$10M

Minimum EBITDA

$3M

We have the ability to invest credit across various capital structures

Direct Lending

  • Flexible, tailored senior capital financing
  • First & second lien; unitranche structures
  • Minimal or structured amortization
  • Floating rate cash coupon
  • Maturity: 4 to 7 years
  • Cash-flow focused underwriting

Mezzanine Debt

  • Solutions-oriented mezzanine & sub debt
  • Preferred and common equity co-investments
  • Minimal or no amortization
  • Fixed cash coupon with partial PIK component
  • Maturity: 4 to 7 years
  • Equity-like underwriting