Debt Underwriting

Piper Jaffray Finance, LLC

Piper Jaffray Finance, LLC underwrites debt facilities for sponsored and non-sponsored middle-market companies 

Piper Jaffray Finance Executive Team

Len Sheer
President & Credit Committee Member

Amrit Agrawal
Co-Chief Operating Officer & Credit Committee Member

James Chiarelli
Co-Chief Operating Officer & Credit Committee Member

Bob Lauria
Executive Vice President

Piper Jaffray Finance, LLC ("Piper Jaffray Finance"), a wholly owned lending subsidiary of Piper Jaffray Companies, has been backed with $1.0 billion of equity commitments.

We primarily deploy middle-market loans between $75 million and $250 million with larger loans considered selectively.

Lending Criteria

  • Company is headquartered in North America
  • EBITDA of $15.0 million+
  • Leverage of up to 6.0x, with the ability to leverage above 6.0x selectively
  • Focused on underwriting coupons of L + 525–800 bps, with a minimum coupon of L + 450 bps
  • Focus on first lien and stretch unitranche, with the ability to selectively underwrite second lien and mezzanine loans
  • Sponsor and non-sponsor financings