Pelham S2K

The firm lists eight investment professionals on its website without formal titles, indicating a flat or partnership-style structure. Jonathan Terzi and Venita Fields are among the longest-tenured senior team members. No chief investment officer or managing partner is designated publicly. The group's decision-making appears collective, drawing on decades of shared experience.

Pelham S2K invests debt and structured equity capital primarily through senior secured unitranche loans and second-lien loans. The firm targets companies generating $3 million to $15 million in EBITDA. Most transactions include an equity co-investment component, aligning its returns partially with borrower equity upside.

The firm does not disclose a fund structure, specific fund vintages, or a committed capital number on its website or in available public filings. Its language — 'access to follow-on and co-investment capital' — suggests either a discretionary pool of committed investor capital or a managed account arrangement. The absence of fund-level disclosures is typical of smaller, privately capitalized direct lenders.

The firm states it invests across a wide range of industries and does not publish a sector exclusion list. Its middle-market, EBITDA-driven credit mandate is generalist, with investment decisions driven by capital-structure seniority, cash-flow durability, and sponsor quality rather than sector specialization.

Pelham S2K's typical deal includes an equity co-investment alongside its senior secured loan. The firm acts as a direct lender, not a fund-of-funds, so it does not invest into external general partner funds. Its relationship is direct with borrower companies and, often, their private equity sponsors, who value its ability to provide committed, non-syndicated capital.