Pemberton
“Can a European alternative credit specialist scale institutional private credit strategies — working capital, direct lending, NAV financing — across both US and European markets while opening distribution to wealth managers via platforms like iCapital?”
HQLondon, UK
IndustryFintech / Lending
The story
Pemberton Asset Management is a leading European alternative credit specialist, primarily focused on private credit strategies for institutional investors. The firm operates across working capital solutions (receivables, payables, inventory financing), direct lending, and NAV financing for private equity funds. Its expansion into NAV Strategic Financing and partnership with iCapital reflects a broader push to democratize access to private credit for wealth managers and their clients.
Product timeline
2023
Pemberton raised US$1bn for its Working Capital Finance strategy, investing in receivables, payables, and inventory financings for large and mid-market companies in the US and Europe.· lending
2024
Pemberton announced first close at over US$1bn of investible capital for its new NAV Strategic Financing strategy, with ADIA as anchor investor.· lending
2024
Pemberton and iCapital expanded access for wealth managers and clients to European alternative credit.· lending
The stack
Lending
Accounting gap: none