Private credit. A clearer view.
A closer look at private credit’s role in financing lower-middle-market technology acquisitions.
More than the headline rate
The cost of capital is not captured by the interest rate alone. Covenants, flexibility, and the timing of cash obligations all shape a business’s ability to pursue its long-term plan.
Certainty has value
In a direct transaction, founders value clarity and certainty of close. A financing partner that understands the business and can commit on a realistic timeline can play a meaningful role in a successful transition.
Structure follows strategy
The right capital structure should reflect the underlying business. Private credit is one tool among several; its suitability depends on the economics and risk profile of each acquisition.
Editorial adaptation of VNC Capital’s published perspective, prepared for this redesign and subject to approval. General information, not investment advice. Read the original ↗