Private Debt Partners

What Private Debt Partners does

Private Debt Partners (PDP) is a Canadian private debt firm founded in 2020 that lends exclusively to mid-market companies in Canada. It operates two fund vehicles — the Senior Direct Lending Fund (SDLF) and the Senior Opportunities Fund (SOF) — targeting differentiated borrower risk tiers within the Canadian mid-market. The firm is led by Jean-Christophe Greck (CEO/CIO) and Jeffrey Deacon (Managing Partner), both previously at Fiera Private Debt, and is headquartered in Montreal with additional offices in Toronto at 150 King St W and 20 Bay St.

Loan sizes disclosed for the platform range from roughly $3 million to $60 million. The firm is a UN Principles for Responsible Investment (UN PRI) signatory since inception and operates against an investment thesis that the 2.25% spread between investment-grade and non-investment-grade mid-market borrowing costs (about 14.25% vs. 12.0% on a 5-year average basis) reflects an underserved lending opportunity in the Canadian mid-market.

The business model is institutional fund management: PDP earns management fees (typically 1.0%–1.5% on AUM) and performance fees on its two funds by originating senior secured loans to mid-market Canadian borrowers, channeling institutional LP capital through SDLF and SOF. Fund administration is handled by 365 Pinnacle Fund Services, a standard third-party fund administrator. No proprietary technology platform or AI/ML capabilities are described in the available information, and operations rely on traditional relationship-driven origination and underwriting.

Name

Private Debt Partners

Legal name

Private Debt Partners Inc.

Website

https://privatedebt.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Private Debt Partners is a Canadian private debt firm founded in 2020 that originates senior secured loans of $3M–$60M to mid-market companies via two funds (SDLF and SOF), serving institutional LPs seeking exposure to Canadian mid-market credit.

Ownership category

akta.pro rank

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income from Senior Direct Lending Fund: PDP generates revenue through interest income on senior secured loans to investment grade mid-market companies. The SDLF targets companies with strong operational track records and positive cash flow, offering fixed rate loans from $10 to $60 million with terms up to 10 years.
2. Interest Income from Senior Opportunities Fund: PDP generates revenue through interest income (both fixed and floating rate) on senior first lien loans to non-investment grade mid-market companies with strong management teams. Loan sizes range from $3 to $30 million with terms up to 5 years.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Private Debt Partners is a Canadian private debt firm that originates and structures senior secured and senior first-lien term loans to high-quality mid-market businesses in Canada, deployed through two funds: the Senior Direct Lending Fund (SDLF) for investment-grade borrowers ($10–$60 million, up to 10 years, fixed rate) and the Senior Opportunities Fund (SOF) for non-investment-grade borrowers ($3–$30 million, up to 5 years, fixed and floating rate). The firm raises capital from institutional investors and family offices and lends directly to borrowers for acquisitions, capital expansion, debt consolidation, and refinancing.

Product overview

Private Debt Partners operates two distinct fund products focused on the Canadian mid-market: the Senior Direct Lending Fund (SDLF) targets investment grade borrowers with loans ranging from $10-60 million over up to 10 years, while the Senior Opportunities Fund (SOF) serves non-investment grade companies with $3-30 million loans over up to 5 years. Both funds provide senior secured/first lien term debt solutions to high-quality mid-market Canadian businesses seeking acquisition financing, capital expansion, debt consolidation, or refinancing.

Differentiator

Problem solved

Functional benefit

Brands

• Senior Direct Lending Fund (SDLF): Fund targeting investment grade companies with strong operational track records and positive cash flow, offering loans up to $60 million with terms up to 10 years
• Senior Opportunities Fund (SOF)

Products and services

• Senior Direct Lending Fund (SDLF) A private debt fund that provides senior secured term loans to Canadian investment grade mid-market companies with strong operational track records and a history of positive cash flow, offering loan sizes of $10 to $60 million with terms up to 10 years at fixed rates. Targeted uses include acquisitions, capital expansion, debt consolidation, and refinancing, and is intended for institutional investors and family offices seeking higher risk-adjusted returns with consistent income.
• Senior Opportunities Fund (SOF) A private debt fund that finances non-investment grade Canadian mid-market companies with strong management teams and clear competitive advantages, providing senior first-lien term loans of $3 to $30 million with terms up to 5 years at both fixed and floating rates. Intended for borrowers seeking flexible senior debt for growth financing, working capital, strategic investments, acquisitions, or refinancing.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• UN Principles for Responsible Investment (UN PRI)coreOthersPDP is a signatory of the UN Principles for Responsible Investment since inception. This commitment demonstrates the firm's dedication to incorporating ESG risk evaluation in credit underwriting and review processes, with a comprehensive rating methodology to assess borrower ESG performance, strategies, and risks.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Sprott Resource Lending: Canadian-listed resource and direct lending platform with senior loan focus. Comparable Canadian-headquartered direct lender with institutional and retail investor base.
• Birch Hill Equity Partners: Canadian mid-market private equity firm with debt and equity strategies; comparable mid-market Canadian focus, institutional LP base, and emphasis on partnership-style investing.
• Northleaf Capital Partners: Toronto-based private markets manager with private credit, private equity, and infrastructure strategies including mid-market direct lending. Comparable Canadian mid-market focus and institutional LP base.
• Whitecap Direct Lending (Whitecap Venture Holdings): Canadian mid-market private capital manager; comparable Canadian private credit and equity strategy, institutional LP base, and mid-market focus.
• Clairvest Group: Canadian mid-market private equity and alternative investment firm with credit and equity strategies; comparable Canadian mid-market focus, institutional fundraising, and relationship-based origination.
• Fiera Comox (formerly Fiera Private Debt): Canadian mid-market direct lending platform; the founding team of PDP (Greck, Deacon) both previously led and originated here for over a decade. Closest direct competitor with overlapping fund structures and borrower universe.

Broad incumbents

• Roynat Capital (Scotiabank): Scotiabank's merchant capital and long-term lending arm, where PDP's Managing Partner and Executive Advisor built much of their careers. Bank-affiliated incumbent that competes directly on Canadian mid-market senior debt.
• Ares Capital / Ares Management Credit: One of the largest global private credit platforms with direct lending strategies that increasingly penetrate Canadian mid-market. Established incumbent with institutional scale advantage.
• HPS Investment Partners: Large global private credit manager with Canadian mid-market exposure. Established incumbent with broader mandate, but increasingly competing for the same mid-market direct lending opportunities as PDP.

Emerging players

• Pemberton Capital Partners: European-headquartered private credit and direct lending manager with growing North American presence. Comparable direct-lending strategy targeting upper-mid-market borrowers, though primarily Europe-based.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments10 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Private Debt Partners