Catalur Capital Management

Burak Alici, the firm's Founder and Managing Partner, sits at the center of Catalur's investment committee. Alici's prior experience in credit markets informs the firm's underwriting philosophy, and all material deployment decisions run through him and a compact senior team. The firm has not disclosed a formal CIO or co-investment head separate from Alici's oversight.

Catalur originates investments through long-standing relationships with lower-middle-market private equity sponsors, boutique investment banks, and turnaround advisors. The firm also sources directly from company founders and management teams in non-sponsored situations. Catalur does not participate in broadly syndicated loan markets, preferring bilateral or club-deal structures where it can negotiate covenant packages directly.

Catalur targets companies with EBITDA between $5 million and $25 million, a segment below the radar of large-scale direct lenders. Individual check sizes can range from senior secured term loans to unitranche facilities that combine senior and subordinated risk into a single instrument. The firm also provides mezzanine and preferred equity when the capital structure warrants a deeper subordination position.

Catalur's primary focus is North America, where the majority of its portfolio companies and sponsor relationships are based. The firm has selectively evaluated credits in Western Europe when it has direct sourcing connectivity and can underwrite the jurisdiction's creditor rights, but it does not operate dedicated offices or teams outside the US.

Catalur applies private-equity-style due diligence to credit underwriting, which includes deep financial modeling, management interviews, and often taking board observation rights. The firm avoids pure covenant-lite structures and prioritizes documentation protections that give it influence during restructurings. This approach requires a lower deal volume and higher per-deal involvement than the origination-to-distribution model of larger platforms.