Colbeck Capital Management, a middle-market private credit firm focused on lending, has recently announced that it raised $700 million in capital commitments for its third flagship fund, Colbeck Strategic Lending III, “exceeding its target by 40%.”
The Fund received support from existing Colbeck clients and new investor relationships globally, including “public and private pensions, insurance companies, endowments, foundations, consultants, registered investment advisors and family offices.”
The Fund’s final close brings Colbeck’s “current invested and committed capital to $3 billion.”
CSL III builds on the firm’s track record of originating, structuring and financing senior secured loans to unsponsored, “asset-heavy and cash flow generating middle-market companies undergoing transition.”
Colbeck leverages its underwriting, investing and restructuring experience, deep sourcing networks, and private equity-style engagement to “seek to create value for both its borrowers and investors at all points of the credit cycle.”
Colbeck’s Managing Partners and Co-Founders, Jason Beckman and Jason Colodne said:
“We are grateful for the tremendous support we have received for the Fund from both new and existing investors. We believe it reflects investors’ confidence in our differentiated approach and team, as well as underscores growing institutional appetite for time-tested and specialized private credit strategies.”
They added:
“As we start the new year, we see compelling opportunities to create highly structured capital solutions that can provide unsponsored businesses with the flexible financing they require and our investors with the results to which they are accustomed. We look forward to executing on new investments and further scaling our platform and portfolio.”
The closing of CSL III follows the continued expansion of Colbeck’s team.
In late 2024, Gregory Budetti and Henry Chang joined the firm “as Head of Business Development and Senior Vice President on the investment team, respectively.”
As noted in the update, Colbeck Capital Management is a middle-market private credit manager focused “on strategic lending.”
Colbeck lends to companies going through periods of transition, “providing creative capital solutions and risk mitigation strategies.”
Leveraging its relationships, Colbeck sponsors its portfolio companies through consistent engagement with management teams in areas such “as finance, capital markets and growth strategies, distinguishing itself from traditional lenders.”
Colbeck was founded in 2009 by Jason Colodne and Jason Beckman, and its principals have experience investing through different market cycles at institutions, “including Goldman Sachs and Morgan Stanley.”
