DEERPATH CAPITAL MANAGEMENT, LP
DEERPATH CAPITAL MANAGEMENT, LP is a Series C+ fund in the US writing $25M–$125M checks into Fintech.
- Stages
- Series C+
- Sectors
- Fintech
- Check size
- $25M–$125M
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 2007
- Assets under management
- $9 billion
- Website
- deerpathcapital.com
Thesis
The firm targets companies with revenues between $10 million and $200 million and EBITDA between $5 million and $20 million, investing between $25 million and $125 million per borrower, with capacity for add-on investments. Their strategy prioritizes capital preservation and sturdy returns, also engaging in direct equity investments and acquiring warrants. Deerpath is an SBA-licensed SBIC. Geographically focused on the U.S. lower middle market, they have a global investor network. The firm emphasizes disciplined underwriting, private equity-style diligence, and strong downside protection through senior secured loans. As of March 31, 2026, Deerpath manages approximately $9 billion in AUM. Their seventh flagship fund, Deerpath Fund VII, closed with over $2 billion in equity commitments. The firm has deployed over $15 billion across more than 1,200 transactions since inception.
Common questions
Does DEERPATH CAPITAL MANAGEMENT, LP invest at the Series C+ stage?
Yes. DEERPATH CAPITAL MANAGEMENT, LP lists Series C+ among the stages it invests in.
What check size does DEERPATH CAPITAL MANAGEMENT, LP write?
DEERPATH CAPITAL MANAGEMENT, LP writes $25M–$125M checks.
Where does DEERPATH CAPITAL MANAGEMENT, LP invest?
DEERPATH CAPITAL MANAGEMENT, LP invests in the US.