FOXPATH CAPITAL PARTNERS LP

Thesis

FoxPath Capital Partners LP is a credit secondary investment firm founded in 2023, specializing in providing liquidity solutions within private markets. Their strategy focuses on the credit secondaries market, offering access to private credit while mitigating risks like the J-curve and blind pool risk. They engage in both LP-led and GP-led transactions, as well as structured solutions, primarily in North America and Europe, with a focus on the middle market. Their approach is built on disciplined, risk-weighted underwriting, asset-level analysis, and rigorous fund/manager selection. While AUM is not disclosed, they have secured a significant strategic investment and multi-fund anchor commitment from Reinsurance Group of America (RGA). The typical check size is not publicly available. The firm plans to expand its team with experienced credit investors. As a credit secondaries firm, their investments are in existing private credit funds or portfolios, with specific details not publicly disclosed.