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SR Alternative Credit
SR Alternative Credit is a private credit manager that specializes in asset-based lending services for the financial sector. The company provides asset-based...
SR Alternative Credit
SR Alternative Credit is a private credit manager that specializes in asset-based lending services for the financial sector. The company provides asset-based loans for lower-middle market businesses, focusing on income generation and capital preservation. SR Alternative Credit serves small and medium-sized enterprises with structured financial solutions, and was founded in 1996 in Darien, Connecticut; it was formerly known as Old Hill Partners, acquired by SGAM Advisors in July 2024.
General information
Firm type
Asset Manager
Year founded
2009
Location
Region
North America
Country
United States
City
Darien
Corporate office
Darien, CT, United States
Principals
Pam Lawrence
CEO – SR Alternative Credit / President – SGAM Advisors
Jeff Haas
President – SR Alternative Credit
Peter Faigl
Chief Investment Officer – SR Alternative Credit
Sam Adams
Portfolio Manager
Andrew Kronschnabel
SVP-Head of Investment & Marketing Strategy – SGAM Advisors
Michael Evelyn
Head of Business Development – Seaport Global
Sector focus
Frequently asked questions
Who runs investment decisions at SR Alternative Credit?
The investment committee includes Jeff Haas (President) and Peter Faigl (Chief Investment Officer). Faigl oversees transaction sourcing, analysis, and portfolio management, while Haas leads operations and transaction structuring. Both have been with the predecessor firm since 2009 and 2011 respectively, and both sit on the Investment Committee (per the firm's website).
How does SR Alternative Credit source proprietary deal flow?
The firm sources deals through its ownership by SGAM Advisors, a subsidiary of Seaport Global Holdings. This relationship provides access to capital markets connectivity and institutional distribution channels, but the firm's website does not specify proprietary sourcing. The team relies on direct origination and relationships built over a combined 80-plus years of financial experience.
Is SR Alternative Credit structured as a family office or an asset manager?
SR Alternative Credit is structured as an asset manager, specifically a private credit manager focused on asset-based lending. It is majority-owned by SGAM Advisors LLC, which is a subsidiary of Seaport Global Holdings. It does not operate as a family office.
Does SR Alternative Credit participate in fund commitments or only direct deals?
The firm originates direct loans to lower-middle market borrowers. Its website describes asset-based loans structured around collateral coverage and risk management. There is no public indication of fund-of-funds commitments or co-investments with external GPs.
What investment stages does SR Alternative Credit typically target?
SR Alternative Credit focuses exclusively on the lower-middle market. Its loans are asset-based and structured for income generation and capital preservation. The firm does not disclose specific EBITDA or revenue thresholds, but it describes borrowers as small and medium-sized enterprises.
Which sectors does SR Alternative Credit explicitly avoid?
The firm's website does not list excluded sectors. Its mandate is broad within asset-based lending, and it focuses on diverse asset classes. No explicit negative screens are disclosed.
How is SR Alternative Credit related to Seaport Global Holdings?
SGAM Advisors LLC, a subsidiary of Seaport Global Holdings, is the majority equity owner of SR Alternative Credit. Seaport Global is a financial services firm with fixed-income sales, trading, and investment banking operations. The relationship provides SRAC with institutional infrastructure and capital markets connectivity (per the firm's website).
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