CORDET
CORDET is a London-based alternative investment fund manager providing bespoke private debt and direct lending solutions to lower mid-market companies (up to €20M EBITDA) across Northern Europe, primarily via senior secured and unitranche financing through two flagship funds.
- Company typePrivate
- Founded2013
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
CORDET firmographics
Firmographics- Name
- CORDET
- Legal name
- CORDET Capital Partners LLP
- Website
- https://cordet.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- CORDET is a London-based alternative investment fund manager providing bespoke private debt and direct lending solutions to lower mid-market companies (up to €20M EBITDA) across Northern Europe, primarily via senior secured and unitranche financing through two flagship funds.
- Ownership category
- akta.pro rank
CORDET industry classification
Industry- Product category
- Private Debt / Direct Lending
- NAICS
- Credit Intermediation and Related Activities (522), Open-End Investment Funds (525910)
- akta.pro primary industry
- Private Credit / Direct Lending (FSAAAHAG)
- akta.pro secondary industry
- Large-Cap / Sponsor Finance Direct Lending (FSANADAJ)
Keywords
Where CORDET is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices4 records
Markets served
CORDET business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund Management Fees: CORDET generates revenue through management fees charged on assets under management across its two funds (CDLF I and CDLF II) and separately managed accounts. The firm is a full scope AIFM regulated by the UK FCA.
- Performance Fees / Carried Interest: The firm earns carried interest on fund returns, evidenced by double-digit net IRRs and +1.3x net money multiples reported for its funds. Performance fees align the team with investor interests.
- Transaction Fees / Arrangement Fees: CORDET acts as Mandated Lead Arranger on financing transactions, earning arrangement fees. The firm structured a Unitranche financing for the hsbcad acquisition by Maguar Capital.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
CORDET product offering
Product offeringCore offering
CORDET is a UK FCA-regulated Alternative Investment Fund Manager (AIFM) and alternative credit investor that provides bespoke and scalable private debt and direct lending solutions (primarily senior secured debt and unitranche financing) to smaller mid-market companies with up to €20 million EBITDA in Northern Europe (UK, Ireland, Nordics, DACH, and Benelux). The firm manages two flagship funds (CDLF I closed in 2017 and CDLF II closed in 2021 with over €500 million in capital commitments) and separately managed accounts, deploying capital for acquisitions, growth plans, and refinancings.
Product overview
CORDET is an AIFM and alternative credit investor offering bespoke private debt and direct lending solutions to smaller mid-market companies (with up to €20 million in EBITDA) in Northern Europe (UK, Ireland, Nordics, DACH, and Benelux). The firm operates two core products: CORDET Direct Lending Fund II (CDLF II), which secured over EUR 500 million in capital commitments, and the Direct Lending Plus+ strategy, which primarily provides senior secured debt financing for acquisitions, growth plans, and refinancings. CORDET focuses on sectors within its circle of competence: Business Services, Technology, Healthcare, Financials, Consumer, and Industrials. As of 2024, the firm has 18 professionals, has deployed €750m+ in capital, and has completed 35+ investments across its funds.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Double-digit net IRRs and +1.3x net money multiples across funds
- +3 more outcomes
Companies that use CORDET
Customer profileNamed customers11 records
Segments8 records
Ideal customer profiles2 records
CORDET technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
CORDET partnerships and signals
Strategic signalScale indicators12 records
Recent moves7 records
Expansion highlights6 records
CORDET competitors and assessment
Company assessmentBroad incumbents
- Intermediate Capital Group (ICG): Large London-listed alternative asset manager with a substantial European mid-market direct lending franchise alongside private equity, credit, and real assets strategies. Comparable to CORDET in core mid-market direct lending but operates a much broader and deeper strategy menu at significantly greater AUM scale.
- Tikehau Capital: Paris-listed alternative asset manager with European private debt and direct lending strategies alongside private equity, real estate and capital markets strategies. Comparable to CORDET in European mid-market direct lending orientation while operating across adjacent alternative credit strategies.
- Muzinich & Co: Global private credit manager with significant European direct lending and private debt fund capabilities. Comparable to CORDET in senior-secured mid-market lending orientation and institutional LP fundraising model, though operating at much greater scale and broader strategy coverage.
- Permira Credit Solutions: Credit arm of global private equity firm Permira providing direct lending and special situations financing to European and US mid-market companies. Comparable to CORDET in unitranche and senior-secured lending for PE-sponsored transactions, though operating as part of a much larger global alternatives platform.
Direct peers
- Eight Capital Partners: London-based independent direct lending manager focused on senior-secured loans to European mid-market companies, often in partnership with PE sponsors. Direct comparable to CORDET in lower mid-market focus, sponsor-backed origination model, and Northern European geographic mandate.
- Five Arrows Capital Partners: European direct lending business of Rothschild & Co, where CORDET's Chief Credit Officer (John Sealy) previously served as Co-Head of Five Arrows Direct Lending. Very direct peer in European mid-market senior-secured and unitranche lending, with overlapping deal types, sponsor coverage, and LP base.
- Hayfin Capital Management: London-based alternative credit manager providing direct lending to European mid-market companies, including through funds and SMAs across multiple strategies. CORDET's Head of IR (Sasha Nugent) previously worked at Hayfin, underscoring direct overlap in European mid-market direct lending, LP base, and origination approach.
- Arcmont Asset Management: European direct lending and private credit manager (formerly 3i Debt Management) providing senior and unitranche loans to mid-market borrowers across Western Europe. Closely comparable to CORDET in Northern European mid-market focus, AIFM model, and sponsor-backed origination strategy.
- Pemberton Capital Management: London-based direct lending fund manager specialising in European mid-market sponsor-backed senior debt and unitranche lending. Comparable to CORDET in target borrower (€15M–€75M EBITDA), Northern European focus, AIFM structure, and origination through PE-sponsor relationships.
- ODDO BHF Private Debt: European private debt platform of Franco-German banking group ODDO BHF, providing direct lending to mid-market companies. CORDET partnered with ODDO BHF Private Debt as joint Mandated Lead Arranger on the Aspire Education financing, evidencing direct peer overlap in unitranche mid-market lending.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
CORDET social profiles
Digital presenceCORDET financial estimates
Financial estimateRevenue estimate
Valuation estimate
CORDET leadership team
Management profileNumber of profiles
Profiles11 records
CORDET funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CORDET M&A and investment
M&A and investmentM&A
Investments20 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CORDET
What does CORDET do?
CORDET is a UK FCA-regulated Alternative Investment Fund Manager (AIFM) and alternative credit investor that provides bespoke and scalable private debt and direct lending solutions (primarily senior secured debt and unitranche financing) to smaller mid-market companies with up to €20 million EBITDA in Northern Europe (UK, Ireland, Nordics, DACH, and Benelux). The firm manages two flagship funds (CDLF I closed in 2017 and CDLF II closed in 2021 with over €500 million in capital commitments) and separately managed accounts, deploying capital for acquisitions, growth plans, and refinancings.
Is CORDET a public or private company?
CORDET is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CORDET founded?
CORDET was founded in 2013. It employs 11 to 50 people.
Where is CORDET based?
CORDET is headquartered in London, United Kingdom, in the Europe region.
How does CORDET make money?
Three revenue lines are on record. Fund Management Fees are the primary driver. The others are performance Fees / Carried Interest and transaction Fees / Arrangement Fees.
Who are CORDET's main competitors?
Broad incumbents on record are Intermediate Capital Group (ICG), Tikehau Capital, Muzinich & Co and Permira Credit Solutions. Direct peers are Eight Capital Partners, Five Arrows Capital Partners, Hayfin Capital Management, Arcmont Asset Management, Pemberton Capital Management and ODDO BHF Private Debt.
Does CORDET have an API?
No public API is recorded for CORDET.
What industry is CORDET in?
CORDET's product category is Private Debt / Direct Lending. Its primary akta.pro industry code is FSAAAHAG, Private Credit / Direct Lending, with a secondary code of FSANADAJ, Large-Cap / Sponsor Finance Direct Lending. Its NAICS code is 522.