Private Credit

Direct lending across the credit spectrum senior, unitranche, mezzanine, distressed, and special situations strategies.

Overview

MNB advises European institutional investors on building durable private credit allocations.

Our work spans primary fund commitments, secondary opportunities, and co-investments across the breadth of the private credit asset class. This ranges from core direct lending in senior secured, unitranche, and junior credit, through to specialty finance and asset-based lending. We focus primarily on Europe, with selective US exposure.

The senior team has decades of investment experience in alternative credit, with direct exposure across multiple fund cycles, GP relationships built over twenty-plus years, direct investment experience across the capital structure. We bring this experience, and institutional grade due diligence, to every mandate, from single fund commitments to multi-year programmes.

Our role is to identify the right opportunities and to structure them according to each client's risk-return profile, liquidity needs, and regulatory framework, together with providing ongoing institutional oversight and reporting.

What We Cover
  • Senior secured and unitranche lending — European large cap and mid-market

  • Junior capital, mezzanine, and subordinated credit

  • Special situations and stressed credit

  • Credit secondaries and LP portfolio transactions

  • Asset-based finance — aviation, shipping, equipment, trade finance

  • Sector specialist managers — healthcare, tech, financial services

  • Geographic diversification: Western and Northern Europe primarily; US selectively

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