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Institutional Inquiries

Private Credit

Internal Alternative Investments

Private Credit

Private Credit represents a fundamental allocation within the firm's portfolio, driven by its ability to deliver competitive risk-adjusted profiles, consistent income, and structural downside protection. The opportunity set has expanded meaningfully since the Global Financial Crisis, as regulatory tightening and balance sheet constraints pushed traditional banks to pull back from middle-market lending. This created a significant funding gap that private lenders stepped in to fill, allowing them to dictate terms, secure robust covenant packages, and command an illiquidity premium across strategies ranging from senior secured direct lending to mezzanine, opportunistic credit, and special situations.

Private credit has historically exhibited low volatility, limited correlation to public markets, and notable resilience through periods of market stress. Floating-rate structures create a natural hedge against rising rates and inflation, while seniority and collateral coverage help mitigate downside risk. The return profile is characterized by recurring cash yields, often enhanced by origination fees, call protection, and occasional equity kickers. Given the tax character of this strategy is mostly ordinary income, the firm utilizes prudent asset location—housing credit allocations in non-taxable or tax-advantaged vehicles—where income can compound more efficiently without immediate tax drag.

Select Third-Party Managers

AllianceBernstein

Ares

Blue Owl

Fortress Investment Group

Marathon Asset Management

Manager Disclosure: The names displayed above represent third-party entities used for illustrative purposes only to describe the firm’s historical or current asset allocation. Their inclusion does not imply an endorsement or affiliation between Minnow Pond Capital and the respective companies. Minnow Pond Capital is a passive investor in certain referenced funds and receives no compensation for their mention, nor does their inclusion constitute a recommendation to the public.

Internal Alternative Investments
Private Equity (Buyout)

Private Equity (Buyout) is an attractive asset class that offers significant return...

Private Equity (Secondaries)

Private Equity Secondaries involve the purchase of existing investor interests...

Venture Capital

Venture Capital is an asset class focused on investing in high-growth...

Private Real Estate

Private Real Estate is a foundational allocation within...

Infrastructure

Infrastructure represents a vital strategic allocation in institutional portfolios...

Private Credit

Private Credit has become a fundamental allocation within institutional portfolios...

Hedge Funds

Hedge Funds occupy a significant role in institutional portfolios...

Trends. Analysis. Strategy.

External Research

Research Disclosure: The white papers and research articles displayed above are produced by third-party entities and are included for illustrative purposes only to describe the types of institutional research utilized by Minnow Pond Capital in its internal decision-making process. Their inclusion does not imply an endorsement of the authors by MPC, nor does it constitute investment advice or a recommendation to the public. MPC does not receive compensation for featuring these specific sources.

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Strategic Engagement

We maintain an active dialogue with institutional platforms and strategic service providers who align with our long-term mandate. Reach out to discuss institutional alignment.

Core Allocations
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Contact Details
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Phone
(+1) 610-620-4367
Email
greg.merrill@minnowpondcapital.com

Minnow Pond Capital operates exclusively as a single-family office, managing the assets of a single family and related entities. It does not hold itself out to the public as an investment adviser and is intended to qualify for the family office exclusion from registration under the Investment Advisers Act of 1940 pursuant to Rule 202(a)(11)(G)-1. Access to the firm’s services is strictly limited to "family clients" as defined by the Act.

This website is provided for informational and educational purposes only and reflects internal investment philosophy and general investment concepts. It does not constitute investment, legal, tax, or accounting advice, and is not an offer to sell or a solicitation of an offer to buy any security, investment product, or advisory services. No fiduciary or client relationship is created by your use of this site.

This website may feature the logos or names of third-party entities, including investment managers, service providers, or media outlets. These are included for illustrative purposes to describe the firm’s historical or current asset allocation. Their inclusion does not imply an endorsement, sponsorship, or affiliation between Minnow Pond Capital and the respective companies. Minnow Pond Capital may be an investor in certain referenced funds but receives no compensation for their mention.

Investing involves risk, including the possible loss of principal. Alternative investments (e.g., private equity, venture capital, real estate) involve illiquidity, leverage, and valuation uncertainty. Valuations for non-publicly traded assets are based on estimates and may not reflect actual realizable value. Past performance is not indicative of future results.

While the firm utilizes tax-advantaged strategies such as tax-loss harvesting, such information is general and theoretical. Tax consequences depend on individual circumstances and evolving laws (including those effective in 2026). Minnow Pond Capital does not provide formal tax preparation or legal services.

Information is accurate only as of the date of publication and may be superseded by market events. We are not responsible for the content or accuracy of third-party websites linked herein.

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