Private Equity investments that Littlejohn targets range from solid performing middle market companies, to complicated corporate carve-outs, to businesses facing operating difficulties, inadequate capital resources or an inability to drive growth. Littlejohn focuses on a limited number of situations and looks to develop a strong partnership with management to drive a step-change in growth, performance, and enterprise value.
Special Situations that the Fund will consider include leveraged loans, second lien debt, mezzanine debt, high yield bonds, equities, and related securities, and obligations of leveraged or financially distressed companies and/or other special situations. A key element of the Firm's investment strategy with respect to Distressed Investments is to become active in the restructuring process in order to drive increases in enterprise value for all company stakeholders.
Performing Credit investments are generally investments in secured term loan obligations of non-investment grade corporate borrowers. These investments are in loans to borrowers not experiencing financial distress that are rated and sourced by Littlejohn in the broadly syndicated loan market. Investments focus on generating income while avoiding credit losses.