Deerpath Capital Management focuses on investments in the debt and equity of lower middle-market companies in the communications, energy/natural resources, healthcare, manufacturing, industrial and business services sectors. The firm targets cash flow positive companies with annual revenues of $10 million to $100 million and EBITDA of $2 million to $20 million.Deerpath typically participates in growth capital investments, refinancings, acquisition financings and ownership transitions. Investments range from $5 million to $30 million. The firm prefers to invest in senior secured loans, but also considers other forms of investment on an opportunistic basis.