Brightwood Expands Private Credit Platform with Assumption of Management of the Capital Dynamics’ Private Credit Funds

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8:15 AM on Monday, November 24

The Associated Press

NEW YORK--(BUSINESS WIRE)--Nov 24, 2025--

Brightwood Capital Advisors, LLC (“Brightwood”), a private credit firm with more than $6 billion in assets under management (as of September 30, 2025), today announced the assumption of the management of two private credit funds previously managed by Capital Dynamics. Under the terms of the transaction, Brightwood will assume management of the funds’ portfolios, representing approximately $300 million in commitments. The existing fund structures will remain in place, allowing current limited partners (“LPs”) to maintain their investments in a seamless manner with no additional capital commitment required. Financial terms of the transaction were not disclosed.

The transaction underscores Brightwood’s continued commitment to direct lending to the US middle market and its solution-driven approach. With a team of approximately 70 professionals focused on private credit, Brightwood brings deep expertise and operational capabilities to manage legacy portfolios of this nature. Brightwood and Capital Dynamics worked closely together, leveraging their experience in situations requiring secondary as well as primary capital to develop a comprehensive solution that meets the diverse needs of global LPs, offering both a continued investment opportunity and liquidity through a secondary purchase option in partnership with Tikehau Capital. This marks the second transaction Brightwood has completed with Tikehau in the past 18 months.

“We are thrilled to welcome these portfolios and investors to the Brightwood platform,” said Sengal Selassie, Chief Executive Officer and Founder of Brightwood. “This transaction demonstrates Brightwood’s dynamic approach to partnership and our ability to deliver tailored solutions in an evolving private credit landscape. Our experienced team which boasts 12 risk and portfolio management professionals, including dedicated special assets professionals, positions Brightwood to be a solution for private credit portfolios that require a robust, focused approach.”

Martin Hahn, Chief Executive Officer at Capital Dynamics commented: “We’re delighted to conclude this process by partnering with Brightwood on this transaction. Through our comprehensive strategic approach, we were able to find a partner with strong alignment, investment acumen, and robust operational capabilities for the next stage of the funds’ growth.”

“Our collaboration with Brightwood highlights Tikehau Capital’s commitment to delivering innovative secondary solutions that respond to investors’ evolving needs,” said Pierpaolo Casamento, Head of Private Debt Secondaries at Tikehau Capital. “Brightwood has been a trusted partner for many years, and we’re delighted to strengthen our relationship through this transaction by providing tailored capital solutions that unlock long-term value for investors.”

Dechert LLP served as legal advisor to Brightwood. Clifford Chance LLP served as legal advisor to Capital Dynamics. Goodwin Procter LLP served as legal advisor to Tikehau.

About Brightwood Capital Advisors

Brightwood Capital Advisors, LLC is a private credit firm with a long-standing track record of investing in middle-market businesses. Brightwood specializes in providing senior debt capital primarily to U.S. businesses with $5-$75 million of EBITDA within five core industries: technology & telecommunications, healthcare services, business services, transportation & logistics and franchising. Brightwood partners with non-sponsored businesses as well as private equity sponsors to provide customized financing solutions for directly originated investments. Founded in 2010, Brightwood has a team of nearly 70 employees who manage more than $6 billion of assets (as of September 30, 2025) on behalf of its global and institutional investor base. Brightwood is headquartered in New York City. For more information, please visit: www.brightwoodlp.com.

About Capital Dynamics

Capital Dynamics is an independent global asset management firm focusing on private assets, including private equity (primaries, secondaries and direct investments) and clean energy.

Established in 1988, the Firm has extensive knowledge and experience developing solutions tailored to meet the exacting needs of a diverse and global client base of institutional and private wealth investors. Capital Dynamics oversees more than $15 billion in assets under management and advisement [1], and employs approximately 150 professionals [2] globally across 13 offices in Europe, North America, and Asia.

Capital Dynamics is a recognized industry leader in responsible investment, receiving top marks (Five Stars) from PRI across all categories and investment strategies, as well as in GRESB benchmarking for its clean energy strategy.

For more information, please visit: www.capdyn.com.

[1] As of September 30, 2025. Assets under management are calculated based on the total commitments as of the final closing date for all funds currently managed by Capital Dynamics, including amounts that have been distributed. Assets under advisement includes assets for which Capital Dynamics provides services such as reporting, monitoring and risk management.

[2] Includes all full-time and part-time employees, as well as essential functions performed by temporary staff and long-term consultants

About Tikehau Capital

Tikehau Capital is a global alternative asset management Group with €51.1 billion assets under management (as of 30 September 2025).

Tikehau Capital has developed a wide range of expertise across four asset classes (credit, real assets, private equity and capital markets strategies) as well as multi-asset and special opportunities strategies. Tikehau Capital is a founder-led team with a differentiated business model, a strong balance sheet, proprietary global deal flow and a track record of backing high quality companies and executives.

Deeply rooted in the real economy, Tikehau Capital provides bespoke and innovative alternative financing solutions to companies it invests in and seeks to create long-term value for its investors, while generating positive impacts on society. Leveraging its strong equity base (€3.1 billion of shareholders’ equity as of 30 June 2025), the Group invests its own capital alongside its investor-clients within each of its strategies.

Controlled by its managers alongside leading institutional partners, Tikehau Capital is guided by a strong entrepreneurial spirit and DNA, shared by its 730 employees (as of 30 September 2025) across its 17 offices in Europe, the Middle East, Asia and North America.

Tikehau Capital is listed in compartment A of the regulated Euronext Paris market (ISIN code: FR0013230612; Ticker: TKO.FP). For more information, please visit: www.tikehaucapital.com.

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CONTACT: Brightwood Capital Advisors - Media

Ben Howard

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Trevor Gibbons