Meridian Senior Secured Credit Fund II

Summary

First-lien loans of $2M to $15M to lower middle-market companies with sponsor equity behind them. The fund targets floating-rate paper with 1.5 to 3.0x leverage and quarterly covenant testing.

Highlights

First-lien, senior secured positions only
Floating rate with SOFR floors
Average loan-to-value under 45% at origination
Monthly distributions starting in month two

Key terms

Offering type	Rule 506(c), Regulation D
Structure	Fund (LP)
Target return	11.5% target net yield
Minimum investment	$50K
Raise size	$40M
Term	3 yrs + 1 ext.
Distributions	Monthly
Final close	Dec 21, 2026
Management fee	1.25% on invested capital
Incentive	15% over 7% preferred return
Leverage	Up to 1.0x fund-level
Auditor	Regional Big Four affiliate

Risks

Private placements are illiquid, speculative, and may lose some or all of the capital invested. Targets are not guarantees. Read the Private Placement Memorandum in the data room before investing.