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 $350 million with larger loans considered selectively.

Lending Criteria

  • Company is headquartered in North America
  • EBTIDA of $15 to $100 million+, with the ability to underwrite smaller / negative EBITDA in unique situations (such as SAAS / Software companies)
  • Leverage of up to 6.5x, with the ability to leverage above 6.0x selectively
  • Focused on underwriting coupons of L + 600-900 bps
  • Focus on first lien and stretch unitranche, with the ability to selectively underwrite second lien and mezzanine loans
  • Sponsor and non-sponsor financings
  • All use of proceeds including financing acquisitions, refinancings, dividend recapitalizations, staple financings and for general corporate purposes