Blue Torch Capital
Blue Torch Capital is a New York-based private credit investment management firm founded in 2017 that provides direct lending to U.S. middle-market companies in transition, deploying $30M-$250M via first-lien, second-lien, unitranche, and distressed debt structures across multiple closed-end funds.
- Company typePrivate
- Founded2017
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Blue Torch Capital does
Blue Torch Capital is a New York-based private credit investment management firm founded in 2017 by Kevin Genda, who previously spent 21 years at Cerberus Capital Management. The firm focuses on direct lending to U.S. middle-market companies undergoing operational, financial, or ownership transition, with typical investment sizes of $30 million to $250 million and a $50 million minimum target borrower revenue threshold. Capital is deployed through first-lien, second-lien, unitranche, and distressed debt structures, and the firm has executed notable deals including an $85 million term loan for Turtle Beach, a $20 million DIP financing for CareerBuilder and Monster, a co-investment exceeding $500 million in Red Lobster, a $70 million facility for eHealth, and a position in Spire Global that has been repaid. The firm raises institutional capital through closed-end private credit funds, with Fund IV launched in November 2025 targeting a $3 billion total offering and having raised $807.7 million from 24 investors at the time of disclosure.
Revenue is generated primarily through management fees on committed and invested capital and incentive fees on realized fund returns, with senior leadership composed of a COO, Partner, CFO, and General Counsel/CCO in addition to the founder-CEO. In February 2025 the firm acquired Whip Media and is building an AI- and data-analytics platform branded Helix, complemented by a 2025 hire of an SVP of Technology and Data with prior AI engineering experience at JPMorgan and DataRobot. The firm's headcount is reported in the 11-50 range, and the corporate base is New York City. Notable portfolio credit events include a 90% writedown on Red Lobster, illustrating the inherent volatility of the transition-finance asset class.
Blue Torch Capital firmographics
Firmographics- Name
- Blue Torch Capital
- Legal name
- Blue Torch Capital LP
- Website
- https://bluetorchcapital.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Blue Torch Capital is a New York-based private credit investment management firm founded in 2017 that provides direct lending to U.S. middle-market companies in transition, deploying $30M-$250M via first-lien, second-lien, unitranche, and distressed debt structures across multiple closed-end funds.
- Ownership category
- akta.pro rank
Blue Torch Capital industry classification
Industry- Product category
- Private Credit Lending
- NAICS
- Other Financial Vehicles (525990), Portfolio Management and Investment Advice (523940)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Middle-Market Lending (FSANADAI)
- akta.pro secondary industries
- Private Credit / Direct Lending (FSAAAHAG), Direct Lending — Venture Debt (FSAHAJAD)
Keywords
Where Blue Torch Capital is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Blue Torch Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Credit Investment Management Fees: Blue Torch Capital generates revenue as a direct lender and investment manager providing bespoke credit solutions to middle market companies. Revenue is derived from interest income on loans, management fees from fund operations, and returns on credit investments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom financing solutions for middle market companies |
Distribution channels1 record
Marketing channels2 records
Blue Torch Capital product offering
Product offeringCore offering
Blue Torch Capital is a US middle market direct lender providing bespoke credit solutions to stakeholders and management teams of companies requiring capital support for growth, acquisitions, operational challenges, and financial distress. Investment sizes typically range from $30MM to $250MM, deployed as first lien term loans, asset-based revolvers, first-in-last-out facilities, DIP financing, rescue financings, venture debt, and secondary debt purchases. The firm manages capital through private credit funds (including the $3 billion Blue Torch Credit Opportunities Fund IV LP) and earns revenue from interest income and management fees.
Product overview
Blue Torch Capital operates as a single unified direct lending platform offering bespoke credit solutions to US middle market companies requiring capital for growth, acquisitions, operational challenges, and financial distress. The firm provides financing typically ranging from $30MM to $250MM to companies with minimum $50MM annual revenue, primarily in North America. Their product offerings include first lien term loans, asset-based revolvers, and other flexible credit structures supporting acquisitions, growth initiatives, refinancings/recapitalizations, LBOs, rescue financings, DIP and exit financings, venture debt, and secondary debt purchases.
Differentiator
Problem solved
Functional benefit
Products and services
- First Lien Term Loans Senior secured first lien term loan facilities provided to US and Canadian middle market companies in transition, typically sized $30MM–$250MM. Used for acquisitions, growth, refinancings/recapitalizations, LBOs, rescue financings, and other bespoke credit needs.
- Asset-Based Revolving Credit Facilities Revolving asset-based lending facilities collateralized by borrower assets (receivables, inventory), offered to middle market companies for working capital and general corporate purposes. Example: $125 million asset-based revolving credit facility structure referenced in eHealth refinancing.
- First-In-Last-Out (FILO) Facilities First-in-last-out structured credit facilities that sit behind the first lien position but ahead of junior tranches, offering borrowers incremental liquidity while preserving seniority. Targeted at middle market companies in transition.
- Debtor-in-Possession (DIP) Financing Special situation DIP financing provided to companies in Chapter 11 bankruptcy proceedings to fund operations and bridge to a plan or sale. Example: up to $20 million DIP financing provided to CareerBuilder + Monster during its Chapter 11 process in 2025.
- Blue Torch Credit Opportunities Fund IV LP Private credit fund vehicle offering institutional limited partners pooled exposure to Blue Torch's direct lending strategy targeting US and Canadian middle market companies. Filed Form D with the SEC on November 26, 2025, reporting a $3 billion total offering under Regulation D Rule 506(c), with $807.7 million already sold to 24 investors.
Companies that use Blue Torch Capital
Customer profileNamed customers6 records
Segments2 records
Ideal customer profiles3 records
Blue Torch Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Blue Torch Capital partnerships and signals
Strategic signalScale indicators6 records
Recent moves5 records
Expansion highlights5 records
Blue Torch Capital competitors and assessment
Company assessmentDirect peers
- Golub Capital: Golub Capital is a direct lender to middle-market companies, providing senior secured, unitranche, asset-based, and specialty finance solutions. Its target borrowers, lending structures, and transaction orientation are closely comparable to Blue Torch's bespoke $30MM-$250MM lending platform.
- Brightwood Capital Advisors: Brightwood Capital Advisors manages private-credit funds that provide senior secured, subordinated, and preferred capital to middle-market companies. Its flexible structures and focus on complex or sponsor-backed situations are close to Blue Torch's transition-lending strategy.
- Monroe Capital: Monroe Capital provides senior and junior debt, unitranche facilities, and asset-based credit to middle-market companies for buyouts, growth, and refinancings. Its direct-lending model and target borrower profile are directly comparable to Blue Torch.
- Centre Lane Partners: Centre Lane Partners invests debt and equity in lower-middle-market companies, particularly in complex and special-situations transactions. Its focus on bespoke capital solutions is directly comparable to Blue Torch's middle-market transition and rescue financing.
- Crescent Capital Group: Crescent Capital Group manages private-credit funds investing in senior secured, mezzanine, and opportunistic debt across middle-market and larger companies. Its fund-based credit model and flexible structures make it a relevant peer for Blue Torch.
- CION Investment Management: CION Investment Management offers private-credit and direct-lending products to middle-market and lower-middle-market borrowers, including asset-based and other bespoke structures. It overlaps with Blue Torch's transaction size, financing toolkit, and target customer base.
- WhiteHorse Finance: WhiteHorse Finance provides senior secured loans and other credit facilities to lower-middle-market companies, often in sponsor-backed transactions. Its direct-lending model and borrower profile are comparable to Blue Torch, although WhiteHorse operates as a public business development company.
Broad incumbents
- Cerberus Capital Management: Cerberus is a global alternative asset manager with substantial private-credit and direct-lending capabilities, including capital for complex and stressed situations. Blue Torch's founder spent 21 years at Cerberus, and its middle-market credit model overlaps closely with Cerberus's underwriting and borrower relationships.
- H.I.G. Capital: H.I.G. Capital provides private credit, special-situations, and equity capital to middle-market companies, often alongside sponsor investments. Its broader alternative-asset platform is comparable to Blue Torch's flexible lending and complex-situation focus.
- Ares Management: Ares Management operates large private-credit, direct-lending, and alternative-investment strategies that include middle-market and asset-based lending. It is much larger than Blue Torch, but its institutional fund model, underwriting capabilities, and borrower channels are directly comparable.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights7 records
Customer concentration
Blue Torch Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Blue Torch Capital leadership team
Management profileNumber of profiles
Profiles11 records
Blue Torch Capital subsidiaries and ownership
Company hierarchySubsidiaries4 records
Blue Torch Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Blue Torch Capital M&A and investment
M&A and investmentM&A1 record
Investments8 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Blue Torch Capital
What does Blue Torch Capital do?
Blue Torch Capital is a US middle market direct lender providing bespoke credit solutions to stakeholders and management teams of companies requiring capital support for growth, acquisitions, operational challenges, and financial distress. Investment sizes typically range from $30MM to $250MM, deployed as first lien term loans, asset-based revolvers, first-in-last-out facilities, DIP financing, rescue financings, venture debt, and secondary debt purchases. The firm manages capital through private credit funds (including the $3 billion Blue Torch Credit Opportunities Fund IV LP) and earns revenue from interest income and management fees.
Is Blue Torch Capital a public or private company?
Blue Torch Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Blue Torch Capital founded?
Blue Torch Capital was founded in 2017. It employs 11 to 50 people.
Where is Blue Torch Capital based?
Blue Torch Capital is headquartered in New York, United States, in the North America region.
How does Blue Torch Capital make money?
One revenue line is on record: credit Investment Management Fees.
Who are Blue Torch Capital's main competitors?
Direct peers on record are Golub Capital, Brightwood Capital Advisors, Monroe Capital, Centre Lane Partners, Crescent Capital Group, CION Investment Management and WhiteHorse Finance. Broad incumbents are Cerberus Capital Management, H.I.G. Capital and Ares Management.
Does Blue Torch Capital have an API?
No public API is recorded for Blue Torch Capital.
What industry is Blue Torch Capital in?
Blue Torch Capital's product category is Private Credit Lending. Its primary akta.pro industry code is FSANADAI, Middle-Market Lending, with a secondary code of FSAAAHAG, Private Credit / Direct Lending. Its NAICS code is 525990 and its SIC code is 6153.