Overview

Banyan Ridge Capital Management is seeking $350-500M+ to pursue credit-oriented investments in middle market and lower middle market corporate transactions, legal assets and special opportunities.

• Corporate transactions target lower middle market and middle market companies (frequently founder / family-owned) that are underserved by traditional capital sources or when circumstances are complex, require quick closings and/or creative solutions
• Investments in legal assets may include law firm loans, pre- and post-settlement portfolio transactions, post settlement claims purchases, transactions with legal service providers and similar financings
• Investments typically range $10-40M, structured as first lien senior secured credit facilities with 3-5 year terms (2.5-3 year average duration) that target a gross return of at least 15% (open to lower yielding investments if there is interest from prospective capital partner)
• BRCM is able to underwrite against assets (traditional and non-GAAP) and cash flow
• Investment philosophy is centered on downside protection and risk mitigation while preserving upside potential

Led by seasoned team with decades of experience in private credit, special situations, and litigation finance.

Opportunity

• Private credit, a multi-trillion-dollar market offering a yield premium over liquid markets, has expanded as banks and public lenders retreat from the middle market, with tighter lending standards and structural shifts driving larger direct lending deals and investor access to middle-market income opportunities
• Corporate private credit benefits from a supply-demand imbalance and substantial dry powder at PE firms, with growing opportunities in direct lending as banks retreat and access expands, especially in the lower middle market, esoteric assets, niche industries, and less competitive processes
• Legal finance is a non-correlated asset class resilient to economic recessions, offering a hedge against market volatility, with demand driven by competition, outdated business models, and technological change as law firms expand contingency practices, adopt flexible financing options, and benefit from modernizing regulations

Traction/Milestones

• BRCM’s first investment vehicle (structured as an SMA with a large financial institution) was launched in 2020 and invested in a combination of pre-settlement legal assets, specialty finance and corporate credit opportunities*
• A separate investment vehicle focused on post-settlement legal assets was launched in 2023 and supported by the same investor as the first vehicle*
• BRCM has closed several other corporate private credit, special situation and legal asset investments with other investors outside of the existing vehicles
• To date, BRCM has led over $310 million* of closed deals and has committed $200 million* of its mandate across twelve transactions, with two additional investments currently under LOI
• To date, BRCM has generated a gross IRR of 37.9%* and a gross multiple of invested capital of 1.77x* on five fully and partially realized investments; expected portfolio performance of over 20%*

*Given the private nature of this transaction, Castle Placement has not validated this information. Additional information can be provided to prospective investors by Banyan Ridge Capital Management.

Solution/Strategy

• Targets complex/underserved opportunities with creative structures, achieving superior risk-adjusted returns

• Corporate Credit employs ‘bottoms-up,’ PE-style diligence, integrating internal analysis, third-party verification (QofE), and specialized consultants for robust downside mitigation

• Legal Assets diligence focuses on merits, damages, duration, and collectability, reinforced by specialized third-party litigators and industry experts

• Underwriting prioritizes downside protection via a margin of safety, senior positions, strong EV/asset coverage, and robust structural covenants/controls with proven partners

Management Team

Peter Meyers – Co-Founder and Managing Partner

Co-leads the investment committee, strategic direction, asset management, and capital raising. Over 20 years of institutional private credit and private equity experience across leading investment firms. Managing Director at 777 Partners, overseeing Private Credit and Special Opportunities strategies with over $10 billion AUM. Director at Arena Investors ($4B AUM), Vice President at Comvest Partners ($15B AUM), and positions at York Street Capital Partners and a middle-market private equity firm. Began career in Morgan Stanley’s Leveraged Finance group and graduated cum laude from the University of Pennsylvania with a B.A. in International Relations and a Cluster in Business Studies from Wharton

Stephen McMullin – Co-Founder and Managing Partner

Co-leads the investment committee, strategic direction, asset management, and capital raising. Decade of experience in corporate plaintiff litigation finance and identified law firm lending as a high-value sub-asset class within the sector. Deployed over $600 million across loans, bespoke financings, and special situations since 2014. Served as Director at Brickell Key Asset Management, focused on equity-like claims investing. Began career in FICC/Equities at Goldman Sachs and holds degrees from Harvard Law School, the University of Oxford (MA Oxon), and Georgetown University (Magna Cum Laude); member of the New York and Washington D.C. Bar Associations

Daniel Narciso – Vice President

Seven years of litigation finance experience, specializing in law firm lending, single-case financings, and wrapped portfolio transactions. Previously served as Director of Underwriting at a South Florida–based litigation finance firm, concentrating on single-event and multidistrict litigation (MDL) claims. Responsibilities included sourcing, underwriting, and structuring credit facilities for law firms across the United States. Deployed over $400 million through a range of credit facilities focused on commercial matters, antitrust claims, and intellectual property disputes, emphasizing equity-like returns. Earned a B.B.A. in Finance and a J.D. (Magna Cum Laude) from the University of Miami. While at the University of Miami School of Law, served as an editor of the University of Miami Law Review, member of the Order of the Coif, and top-three finisher in multiple national bankruptcy moot court competitions. Member of the Florida Bar

Daniel Matam – Vice President

Over seven years of investment banking and institutional investing experience with a focus on private equity and corporate finance. Experience includes roles at Hidden Harbor Capital Partners and Atlantic Street Capital, with earlier career experience at Moelis & Company and Citigroup. Transaction background spans mergers and acquisitions and financings across business services, consumer and retail, industrials, and media and telecommunications sectors. Completed over $500 million in transactions and currently oversees sourcing, underwriting, and portfolio monitoring. Holds a B.A. in Economics from the University of Chicago

Sarah Dunn, CPA – Chief Financial Officer

Nearly 20 years of experience in accounting, financial management, and business leadership. Former Senior Vice President of Finance and Accounting at OnPoint Global, overseeing financial reporting, treasury, taxes, audits, and human resources. Previously Corporate Controller for a private investment firm, managing accounting, audit, financial reporting, and treasury across portfolio companies in structured settlements, litigation finance, insurance, consumer finance, aviation, and other sectors; built financial reporting processes and scaled the accounting team during acquisitions. Held SEC reporting and technical accounting roles in manufacturing and services, starting career at PricewaterhouseCoopers auditing multinational public companies. Holds a B.S. in Management (Magna Cum Laude) and M.S. in Accounting from Boston College. Licensed CPA in Florida and New York. Serves on the board of SOBE Cats Spay & Neuter, a Miami Beach nonprofit

Specific Risks

• Cash flow decline/potential reduction in borrower or asset cash generation, impacting repayment capacity
• Asset or Enterprise Value decline/lower-than-expected collateral or enterprise value, affecting recovery outcomes
• Duration risk/extended timelines to realization, particularly within the legal assets strategy, which can delay liquidity and impact returns
• Sourcing risk / slowdown in niche, relationship-driven deal flow limiting capital deployment capacity
• Limited exit optionality / inability to refinance, syndicate, or sell bespoke positions prior to maturity
• Third-party dependency risk / inaccurate or delayed analyses from external specialists impairing underwriting quality
• Complexity and structuring risk / bespoke or rapid-execution structures increasing documentation and covenant-calibration errors that may weaken downside protection
• Private securities are speculative, illiquid, and carry a high degree of risk – including the loss of the entire investment