Alignment Credit

Alignment Credit primarily provides senior secured term loans, subordinated debt, and preferred equity instruments. The firm focuses on structuring loans against recurring revenue streams, intellectual property, and enterprise value rather than relying solely on physical assets or traditional cash-flow metrics. This approach allows it to serve capital-light businesses that may not qualify for conventional commercial bank lending.

Alignment Credit concentrates on enterprise software, technology-enabled business services, and healthcare companies. These sectors tend to generate the high-margin, contractually recurring revenue streams and proprietary intellectual property that the firm underwrites against. The firm generally avoids capital-intensive industries such as heavy manufacturing, commodity businesses, and speculative biotech ventures where revenue predictability is lower.

The firm structures commitments generally between $5 million and $50 million per borrower. Common use cases include growth capital for scaling operations, acquisition financing for strategic add-ons, and dividend recapitalizations allowing founders to access partial liquidity while retaining control. Alignment Credit positions itself as a non-dilutive complement to equity financing rather than a replacement.

Venture debt lenders typically underwrite portfolio company loans based on the presence and track record of institutional venture capital sponsors. Alignment Credit instead evaluates standalone credit quality — existing cash flows, unit-level economics, gross margins, and asset coverage — allowing it to lend to profitable founder-owned businesses that have raised minimal or no institutional equity. This independence from venture sponsor affiliation represents a distinct origination channel in the private credit market.

Alignment Credit participates in both sponsor-backed and non-sponsored situations. The firm evaluates each opportunity based on borrower credit fundamentals rather than sponsor reputation, which enables it to serve founder-owned and family-owned businesses alongside private equity portfolio companies. This dual coverage expands the addressable deal universe beyond what a purely sponsor-dependent lender can access.