INVESTMENT STRATEGY

Brinley leverages our team’s deep understanding of credit and experience through multiple cycles to identify high quality investments across the capital structure.

Our flexible mandate enables investments in revolvers, first lien term loans, unitranche term loans, 2nd lien term loans, high yield bonds and preferred equity. The firm’s core target end market exposures include technology, healthcare, financials and industrials/business services.
Brinley’s thorough due diligence process centers around identifying attractive credit attributes including:
  • Strong Free Cash Flow: revenue visibility and predictability through contracts, high switching costs or mission critical applications, coupled with manageable capital expenditures and/or working capital needs
  • Compelling Industry Fundamentals: leading market positions in end markets with low or no cyclicality that benefit from growing secular tailwinds
  • High Barriers to Entry: protected market positions through high switching costs, regulatory barriers, contracted revenues and/or reputational advantages in winning new business
  • Downside Protection: borrower downside protection through predictable revenue trends with manageable downside cases; structural downside protection through maximizing risk-adjusted returns via investing in the appropriate position in the capital structure

Risk assessment is core to Brinley’s investment strategy and portfolio management.  The fund adopts a “cradle to grave” staffing approach, where the initial investment team monitors performance through the life of the investment, ensuring continuity and accountability.  Potential company and industry-specific risks are evaluated during the initial underwrite.  Borrowers and counterparties are then assessed on a continual basis, allowing the team to take a proactive approach in resolving any potential issues.

TYPES OF INVESTMENTS

  • LBO Financing
  • Acquisitions
  • Recapitalizations
  • Refinancings
  • Growth Capital

FIRM HIGHLIGHTS

  • Experienced team
  • Partnership Oriented
  • Flexible capital, and the ability to invest across the capital structure
  • Patient, long-term investors
  • Active through market cycles
  • Focused on speed and certainty
  • Deep industry relationships