Lower Middle-Market
Direct Lending

Hiker On Horizon

We Are A Direct Lender

Tree Line Capital Partners

is a private credit asset management firm focused on direct lending to the lower middle-market. The firm provides first lien term loans, unitranche term loans and equity co-investments to predominantly lower middle-market companies in North America. We have provided over $3.7B in commitments to 256 companies for acquisitions, recapitalizations, refinancings, expansion projects and other growth capital needs. Tree Line’s team has extensive direct lending experience spanning multiple economic cycles and has generated significant repeat investment opportunities from the private equity community through reliable execution coupled with a direct relationship approach.

Tree Line’s investment philosophy and portfolio construction are designed to combine current yield with discipline and withstand unforeseen events. We aim to deliver investors consistent yield and return through all phases of a cycle. We have capitalized on a niche investment strategy that is addressing a proliferation of lower middle-market private equity growth.

Learn what we do
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Assets Under Management


Commitments Issued


Companies Financed

Recent Deals

All Deals

August 2022

Agent & Sole Lender

First Lien Term Loan, Revolver & Equity Co-Investment

Ria E1661977419669
Avance E1661977231784

July 2022

Syndication Agent

First Lien Term Loan

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July 2022

Agent & Sole Lender

First Lien Term Loan and Revolver

Brady Logo
Stg Logo E1615922999368

June 2022

Agent & Sole Lender

Revolver & First Lien Term Loan

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Dc Logo New Bw

June 2022

Joint Lead Arranger

First Lien Term Loan, DDTL & Revolver


June 2022


Revolver, First Lien Term Loan & Equity Co-Investment

Watterson Logo E1657053987376
Hvc Logo

May 2022

Agent & Sole Lender

Revolver, First Lien Term Loan, Delayed Draw Term Loan & Equity Co-Investment



May 2022

Joint Lead Arranger

ARR-Based First Lien Term Loan

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Strattam Logo

Spotlights & Insights

A summary of Tree Line’s lower middle market activity, research and highlights. Having been credit investors through multiple cycles we have a unique appreciation for market trends and strategies that at times contrasts with the norm. Our data driven process and commitment to research reveals valuable information for our partners.