Garrington Private Credit
Garrington Private Credit is a private credit fund manager that originates and packages senior secured, short-duration, asset-based loans to North American lower middle-market businesses, distributing exposure to family offices, RIAs, and institutional investors via Cayman and US fund vehicles.
- Company typePrivate
- Founded1999
- HeadquartersToronto, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Garrington Private Credit does
Garrington Private Credit is a private credit fund manager that originates and manages a portfolio of senior secured, short-duration, asset-based loans to lower middle-market businesses across North America. The platform, operated under Garrington Group Inc. (founded 1999 in Toronto) and distributed by Coral Cove Capital Ltd., deploys capital through two open-ended fund vehicles: the Cayman-domiciled Garrington Private Credit Fund (launched 2021) for international investors and the US-domiciled Garrington Private Credit US Fund Ltd. (launched 2026) for US-based investors, with additional vehicles serving Latin America (PM Alpha ETN, 2024) and Brazil (onshore product, 2025). Loans are sized between $1M and $30M and span five verticals: asset-based lending, lender finance, specialty financing, real estate financing, and equipment financing. The strategy targets 100% senior secured positioning, weighted-average loan duration of approximately 200 days, LTVs of 50%–70% against liquidation value, and a target debt-to-equity leverage of 0.5x (currently 0.44x).
The firm's value proposition to investors is a capital preservation-oriented exposure to short-term, self-amortizing, tangible collateral-backed loans with monthly distributions historically above 8% per annum, sub-1% annualized credit losses since June 2015, and no negative rolling 12-month return periods. Garrington earns revenue through management fees on fund AUM (subscription-style recurring) and a 20% performance fee over an 8% hurdle on Class I shares. Distribution is executed via relationship-driven enterprise sales to family offices, RIAs, private banks, and select institutional allocators across onshore and offshore markets, supplemented by a content marketing engine (The Garrington Edge blog series, white papers, webinars, LinkedIn, email newsletter). The firm reports 50+ employees across the US and Canada, more than $5 billion in cumulative financing since inception, and is supported by Bolder Fund Services as fund administrator, Deloitte LLP as auditor, and BMO Harris Bank N.A. as custodian for the US fund.
Garrington Private Credit firmographics
Firmographics- Name
- Garrington Private Credit
- Legal name
- Garrington Private Credit Fund
- Website
- https://garringtonprivatecredit.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Garrington Private Credit is a private credit fund manager that originates and packages senior secured, short-duration, asset-based loans to North American lower middle-market businesses, distributing exposure to family offices, RIAs, and institutional investors via Cayman and US fund vehicles.
- Ownership category
- akta.pro rank
Where Garrington Private Credit is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Garrington Private Credit 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: Management fees charged on assets under management within the Garrington Private Credit Fund and Garrington Private Credit US Fund. The Fund changed its name from Coral Cove Private Credit Fund to Garrington Private Credit Fund on July 17, 2024.
- Performance/Performance Fees: Performance fee of 20% over an 8% hurdle rate (with a catch-up) applied to the Class I shares of the Fund, in addition to the base management fee.
- Loan Interest Income: The strategy generates returns from interest income on a diversified portfolio of senior secured, asset-backed loans. The portfolio typically generates gross yields exceeding 13%, with current-pay monthly interest. Historical annualized returns as of April 30, 2026: 1 year 10.92%, 3 year 11.09%, 5-year 10.57%, and CARR 10.45%.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Class I Shares - Institutional/Accredited Investor Share Class |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
Garrington Private Credit product offering
Product offeringCore offering
Garrington Private Credit manages private credit funds that invest in senior secured, short-duration, asset-based loans originated by Garrington Group Inc. The firm operates two primary fund vehicles — the Cayman-domiciled Garrington Private Credit Fund and the U.S.-domiciled Garrington Private Credit US Fund Ltd. — providing accredited and institutional investors exposure to a diversified portfolio of predominantly short-term senior secured loans to lower middle-market North American businesses.
Product overview
Garrington Private Credit operates as a private credit fund management platform offering two primary fund products: the Garrington Private Credit Fund (Cayman), an open-ended Cayman Exempt Company for international investors, and the Garrington Private Credit US Fund Ltd. for U.S.-based investors. Both funds provide access to a diversified portfolio of predominantly short-term senior secured asset-based loans across five lending verticals: asset-based lending, lender finance, specialty financing, real estate financing, and equipment financing. The platform targets the $1-30 million loan size range serving lower middle-market businesses across North America, with a focus on capital preservation through tangible collateral backing and first-lien security positions.
Differentiator
Problem solved
Functional benefit
Products and services
- Garrington Private Credit Fund – Cayman Open-ended Cayman Exempt Company fund offering international investors exposure to a diversified portfolio of predominantly short-term senior secured asset-based private loans originated by Garrington Group Inc. The fund targets consistent risk-adjusted returns with minimal volatility and low correlation to traditional asset classes, with monthly distributions historically over 8% per annum and 90-day redemption notice.
- Garrington Private Credit US Fund Ltd. Open-ended private fund offering U.S.-based accredited investors exposure to a diversified pool of secured, asset-backed private loans to small business and lower middle-market borrowers. Managed by Garrington Capital with monthly share class distributions reflecting NAV performance.
- PM Alpha ETN Product (Latin America) Exchange-traded note product providing Latin American investors access to the Garrington Private Credit lending strategy, expanding the firm's international reach.
- Brazilian Onshore Product Onshore Brazilian product providing Brazilian-based investors access to the Garrington Private Credit lending strategy.
Quantifiable outcome
- Average annualized returns of 8-12% with no negative rolling 12-month periods since June 2015 strategy inception
- +3 more outcomes
Companies that use Garrington Private Credit
Customer profileNamed customers1 record
Segments7 records
Ideal customer profiles4 records
Garrington Private Credit technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Garrington Private Credit partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- Bolder Fund Services (Cayman) LimitedcoreFund administrator providing valuation, investor services, and operational support for the Garrington Private Credit Fund (Cayman structure).
- Bolder Fund Services (USA), LLCcoreFund administrator for the Garrington Private Credit US Fund providing operational and investor services.
- Deloitte LLPcoreExternal auditor for the fund performing annual financial statement audits. Audits are conducted at George Town, Grand Cayman for the Cayman fund.
- BMO Harris Bank N.A.coreBank relationship providing credit facility support for the Garrington Private Credit US Fund.
- Garrington Group Inc.coreGarrington Group Inc. is the commercial lending specialist and originator of the credit facilities underlying the Garrington Private Credit Fund strategy. Over 20 years of experience originating and managing private loans across the US and Canada. More than $5 billion deployed since inception.
- Coral Cove Capital Ltd.coreInvestment advisor to the Garrington Private Credit Fund. Entity that assumed management of the fund in late 2023 to lead expansion of institutional and international investor participation. Principal Toreigh Stuart oversees firm activities and fund investor relationships.
Scale indicators18 records
Recent moves11 records
Expansion highlights6 records
Garrington Private Credit competitors and assessment
Company assessmentMarket position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key highlights7 records
Customer concentration
Garrington Private Credit social profiles
Digital presenceGarrington Private Credit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Garrington Private Credit leadership team
Management profileNumber of profiles
Profiles8 records
Garrington Private Credit subsidiaries and ownership
Company hierarchySubsidiaries2 records
Garrington Private Credit funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Garrington Private Credit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Garrington Private Credit
What does Garrington Private Credit do?
Garrington Private Credit manages private credit funds that invest in senior secured, short-duration, asset-based loans originated by Garrington Group Inc. The firm operates two primary fund vehicles — the Cayman-domiciled Garrington Private Credit Fund and the U.S.-domiciled Garrington Private Credit US Fund Ltd. — providing accredited and institutional investors exposure to a diversified portfolio of predominantly short-term senior secured loans to lower middle-market North American businesses.
Is Garrington Private Credit a public or private company?
Garrington Private Credit is a private company. It is classified as corporate owned and is currently operating.
When was Garrington Private Credit founded?
Garrington Private Credit was founded in 1999. It employs 1 to 10 people.
Where is Garrington Private Credit based?
Garrington Private Credit is headquartered in Toronto, Canada, in the North America region.
How does Garrington Private Credit make money?
Three revenue lines are on record. Fund Management Fees are the primary driver. The others are performance/Performance Fees and loan Interest Income.
Does Garrington Private Credit have an API?
No public API is recorded for Garrington Private Credit.