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Private Equity
FINANCE | Investment Firms & Funds
newbury-partners.com

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Funds

7

Service Providers

1

About Newbury Partners

Newbury Partners is a private equity firm that specializes in acquiring buyout, venture capital, and mezzanine limited partnership interests in the secondary market.

Newbury Partners Headquarter Location

100 First Stamford Place Second Floor

Stamford, Connecticut, 6902,

United States

203-428-3600

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Latest Newbury Partners News

KBRA Assigns Ratings to Additional Notes of Deerpath Newbury Partners LLC

Apr 2, 2022

NEW YORK–(BUSINESS WIRE)– #KBRA –KBRA assigns ratings to two classes of additional notes issued by Deerpath Newbury Partners LLC (Deerpath Newbury). KBRA is also affirming each of the original notes. The rating actions follow KBRA’s analysis which indicates that cash flows are sufficient to support the outstanding ratings following the issuance of the additional notes. Deerpath Newbury is a delayed-draw cash flow collateralized loan obligation (CLO) managed by Deerpath Capital Management, LP and backed primarily by middle market senior secured loans. The transaction originally closed in December 2020 and had all ratings affirmed in December 2021. The additional issuance will increase the total transaction size from $73.0 million to $90.0 million. The collateral in Deerpath Newbury currently consists of middle market leveraged loans issued by corporate obligors diversified across sectors. The obligors in the portfolio have a K-WARF of 3053, which represents a weighted average assessment of approximately B-. The total portfolio par amount is $72.8 million with exposure to 51 obligors. As of the most recent trustee report, the collateral quality matrix, collateral quality tests, concentration limitations, and coverage tests were passing. There were no defaulted or discount obligations reported. Deerpath Capital Management, LP is a non-bank lending institution and middle market CLO collateral manager founded in 2007. Since 2009, Deerpath has deployed over $5.6 billion in capital across 630 investments. The management team has a strong track record and an investment strategy which focuses on originating low-levered first lien senior secured loans to sponsor-backed borrowers. KBRA’s ratings on the Class A-1 and A-2 notes consider timely payment of interest and ultimate payment of principal by the applicable stated maturity date. KBRA’s ratings on the Class B-1 and B-2 notes consider ultimate payment of interest and principal by the applicable stated maturity date. Click here to view the report. To access ratings and relevant documents, click here . Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here . Information on the meaning of each rating category can be located here . Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com . About KBRA Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider. Contacts

Newbury Partners Fund History

7 Fund Histories

Newbury Partners has 7 funds, including Newbury Equity Partners V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/3/2021

Newbury Equity Partners V

$2,000M

4

2/24/2020

Newbury Equity Partners V (Cayman)

$99M

10

2/23/2018

Newbury Equity Partners IV

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$99M

10

12/31/2013

Newbury Equity Partners III LP

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$99M

10

10/20/2010

Newbury Equity Partners II LP

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$99M

10

Closing Date

12/3/2021

2/24/2020

2/23/2018

12/31/2013

10/20/2010

Fund

Newbury Equity Partners V

Newbury Equity Partners V (Cayman)

Newbury Equity Partners IV

Newbury Equity Partners III LP

Newbury Equity Partners II LP

Fund Type

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Status

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Amount

$2,000M

$99M

$99M

$99M

$99M

Sources

4

10

10

10

10

Newbury Partners Service Providers

1 Service Provider

Newbury Partners has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Newbury Partners Team

6 Team Members

Newbury Partners has 6 team members, including current Chief Financial Officer, Chief Compliance Officer, Gerald Esposito.

Name

Work History

Title

Status

Gerald Esposito

Chief Financial Officer, Chief Compliance Officer

Current

Thomas Mikula

Adams Street Partners, and Cogent Partners

Managing Director

Current

David Stallone

Managing Director

Current

Warren Symon

Quilvest Capital Partners, and Pomona Capital

Managing Director

Current

Stephane Chevrier

Managing Director

Former

Name

Gerald Esposito

Thomas Mikula

David Stallone

Warren Symon

Stephane Chevrier

Work History

Adams Street Partners, and Cogent Partners

Quilvest Capital Partners, and Pomona Capital

Title

Chief Financial Officer, Chief Compliance Officer

Managing Director

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Former

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