First Degree Capital

The firm focuses on private credit and special situations, providing direct lending and structured credit to mid-market companies. Typical structures include senior secured loans, mezzanine debt, and preferred equity. Target borrowers generally have revenues between €5 million and €50 million, a segment where traditional bank lending has pulled back significantly across European markets.

First Degree Capital sources transactions across the Nordic region (Sweden and Norway) and the Benelux region (Netherlands, with likely reach into Flemish Belgium). The firm maintains co-equal origination offices in Stockholm, Oslo, and Amsterdam. This tri-market footprint is designed to generate deal flow that is less correlated to any single country's economic or credit cycle.

First Degree Capital operates as an asset manager with offices in three European jurisdictions — Sweden, Norway, and the Netherlands. The firm maintains a lean team with investment professionals drawn from Nordic banking and European credit fund backgrounds. Its Amsterdam and Stockholm offices function as co-equal hubs rather than a headquarters-plus-satellite model, which supports local origination in each market.

The firm deploys across the capital structure using asset-backed lending, acquisition finance, bridge facilities, and special situations credit. Instruments include senior secured loans, mezzanine debt, and preferred equity. The approach is bespoke — structuring financing to match the specific circumstances of mid-market borrowers rather than applying standardized credit products.

Specific principals are not publicly disclosed in available records. The investment team includes professionals with experience at Nordic banking institutions and European credit funds. The firm operates with a lean structure across its three offices, suggesting a small senior team with decision-making authority concentrated among a limited number of investment professionals.