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 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.