Brightwood Capital Advisors, LLC

Brightwood Capital Advisors, LLC is an SEC‑registered investment adviser that provides discretionary portfolio management and investment advisory services primarily to pooled investment vehicles and separately managed accounts that invest in secured loans of U.S. middle‑market companies. Its investors are institutional and high‑net‑worth participants in private funds and related vehicles, including SBIC‑licensed funds, CLO structures, Luxembourg RAIF and SCSp vehicles, and a pooled vehicle that has elected to be regulated as a business development company (BDC).

The firm emphasizes sourcing, structuring and extensive due diligence on prospective investments, with final approvals made by an Investment Committee and quarterly fair‑value determinations overseen by a Valuation Committee that uses independent third‑party valuation agents. Brightwood also conducts active portfolio monitoring and, through a relying adviser subsidiary, provides collateral management services to CLOs, while managing funds on a discretionary basis in accordance with each fund’s governing documents and negotiated side‑letter arrangements.

Noteworthy aspects of Brightwood’s model include its role as collateral manager to CLO vehicles and its advisory role to a BDC, both of which are less common among peers in this category, and the use of affiliated operating subsidiaries that originate, syndicate and temporarily warehouse loans prior to assignment to funds. The firm discloses fees earned by those affiliates and the existence of allocation, valuation and fee‑offset processes intended to address potential conflicts arising when affiliated entities originate or service assets for funds Brightwood manages.