Abry Private Debt, the private credit strategy of Abry Partners, has acquired a $330m (£234m) diversified private credit portfolio comprised primarily of first-lien senior secured loans across a variety of industries, including commercial and professional services, healthcare, and consumer discretionary.
All underlying investments are backed by established private equity sponsors. Abry will assume an active management role, working directly with sponsors, lenders, and management teams throughout its hold period.
The firm has partnered with secondaries platform Coller Capital to complete the transaction.
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“This transaction reflects a differentiated approach to credit secondaries,” said Aaron Gillespie, co-head of Abry Private Debt. “By stepping in as an active manager, we plan to build upon our sponsor and lender relationships, underwriting expertise, and capital markets capabilities to drive impactful outcomes across the portfolio.”
“This is another meaningful step in the continued growth of Abry’s private debt platform, building directly on our experience in prior transactions and reinforcing our position at the forefront of this market,” added Max McEwen, co-head of Abry Private Debt.
It comes after Abry closed its Advanced Securities Fund III Continuation Vehicle at $1.6bn in 2024 with Coller Capital’s backing.
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