Lending Solutions

Private Credit Solutions

Direct lending and mezzanine financing with attractive risk-adjusted returns.

Specialized Lending Expertise

Pendleton's private credit strategy focuses on direct lending and mezzanine financing opportunities in the real estate and specialty sectors. Our experienced credit team evaluates lending opportunities with disciplined underwriting, strong sponsor relationships, and conservative loan structures. Private credit represents a growing component of our diversified investment portfolio, providing attractive risk-adjusted returns.

Senior and subordinated direct lending opportunities
Mezzanine and preferred equity financing
Construction and development financing
Opportunistic distressed debt investments
Sponsor-focused underwriting and due diligence
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Real Estate — 55%
Equities — 20%
Fixed Income — 15%
Private Credit — 10%

Portfolio of Performing Deals

Our active private credit portfolio comprises carefully selected lending opportunities with experienced sponsors and strong underlying assets. Each deal undergoes rigorous underwriting with clear exit strategies and downside protection. We maintain active relationships with borrowers and sponsors, providing both capital and strategic support to ensure successful project outcomes.

Real estate development lending across multiple sectors
Bridge and transitional financing solutions
Mezzanine positions with equity upside potential
Sponsor-backed acquisitions and refinancings
Portfolio monitoring and borrower support
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Strong Risk-Adjusted Returns

Our private credit portfolio has delivered attractive risk-adjusted returns through a combination of current interest income and potential capital gains. Performance is supported by careful sponsor selection, conservative loan structures, and active portfolio management. The strategy benefits from strong market fundamentals and Pendleton's deep operational expertise in real estate.

Consistent interest income generation
Equity upside on mezzanine and preferred positions
Low delinquency rates across portfolio
Experienced deal structuring and negotiation
Active workout and recovery capabilities
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Private Credit Metrics

Private Credit Portfolio Highlights

10%

Portfolio Allocation

Private credit portion of total assets under management

12

Active Deals

Current lending positions in portfolio

7.8%

Avg Return

Average blended return across deals

$120M

Total Value

Private credit portfolio market value