Home - Luna Park Capital Advisory

Luna Park Capital Management

Structured Capital For
Growth Companies

Structured Capital For Growth Companies

Luna Park Capital Management focuses on credit oriented investments across

technology and tech-enabled businesses operating within underserved markets.

Luna Park Capital Management focuses on credit oriented investments across technology and tech-enabled businesses operating within underserved markets.

We pursue opportunities created by capital scarcity, lender retrenchment,

refinancing pressure, and widening dispersion across growth markets.

We pursue opportunities created by capital scarcity, lender retrenchment, refinancing pressure, and widening dispersion across growth markets.

$ 0 M+

DEPLOYED GLOBALLY

$10- 0 M

Investment Size

0 +

Years in Credit

U.S. and Europe

Geographies

About LPCM

We See What Others Miss

The best opportunities aren’t the obvious ones. We look for quality
businesses in overlooked corners of the market — where the value is real
but the capital isn’t flowing.

The best opportunities aren’t the obvious ones. We look for quality businesses in overlooked corners of the market — where the value is real but the capital isn’t flowing.

Luna Park Capital Management is a credit-oriented investment firm focused on tech and tech-enabled companies that fall outside conventional lending parameters. We are not looking for perfect stories or the highest growth rates — we are looking for strong unit economics, real enterprise value, and founders building durable businesses in markets the crowd has moved away from.

Capital retrenchment has hit both sides of the growth capital stack. On the equity side, AI concentration and equity multiple compression have left quality businesses orphaned. On the debt side, banks have moved up-market and traditional venture lenders remain sponsor-dependent. The result is a massive, structurally underserved middle — real businesses with real revenue, mispriced duration risk, real equity upside, and no natural capital provider. That’s where we invest.

With over twenty years of experience across credit cycles, our team underwrites the business, not the narrative — deploying hybrid structures with attachment point discipline to capture value where others aren’t looking.

We partner closely with founders, management teams, sponsors, and stakeholders to deliver capital solutions built around the specific needs of each situation. We’re not followers — we do our own work, form our own views, and move with conviction.

Independent, Conviction-Driven

We don’t wait for consensus or follow the market into crowded trades. We look for dislocations — quality businesses orphaned by shifting market dynamics, out-of-favor sectors, or capital structure complexity that others won’t take the time to understand.

Speed and Certainty of Execution

Senior-led, direct decision-making, no investment committee bottleneck. We move from term sheet to close on timelines that matter when capital is time-sensitive.

Structured for Growth, Not Perfection

We structure around volatility, not against it. We don’t require perfect performance or hockey-stick projections — we look for sustainable businesses with real fundamentals and build flexible capital solutions around where they actually are.

Why Now

A Structural Repricing Creates Opportunity

$2.1 trillion of VC and growth equity capital deployed since 2014 created 24,000+

funded companies. Today, capital has concentrated into a handful of AI winners — and

the rest of the market is starved.

0 %

of 2026 VC deal value directed to AI alone — up from 47% in 2024

0 %+

collapse in VC fundraising since 2022 — fewest new fund formations in a decade

0 +

VC-backed companies competing for a shrinking pool of non-AI capital

3- 0

firms focused on non-sponsored, dislocated tech credit — vs. 1,000+ VCs

The quest for the grand slam — combined with AI-driven capital concentration, equity multiple compression, and rate normalization — has orphaned a generation of quality businesses. These companies have real revenue, positive unit economics, and durable models, but lack the growth profile that today’s equity investors demand. LPCM provides hybrid capital structures with attachment point discipline to capture this dislocation.

Investment Criteria

What We Look For

We seek to understand the unit economics, business model, history, and

overall enterprise value.

We seek to understand the unit economics, business model, history, and overall enterprise value.

Parameters

Investment size: $10–30M

Revenue minimum: $20M (or $13M ARR)

No minimum EBITDA

Term loans: 1–5 years

Public or private companies

Use of Capital

Transition capital

Growth capital

Working capital

Carve-outs & M&A

Cap table resets

Special situations

Structures

Senior secured term loans w/ warrants

Hybrid credit-equity structures

12–24 month bridge loans

Convertible debt

Single asset loan purchases

Secondary asset portfolios

Venture leasing

Industries We Serve

Sector Expertise Across Tech & Growth

We invest across a broad range of technology and tech-enabled sectors —

wherever strong unit economics meet structural capital gaps.

We invest across a broad range of technology and tech-enabled sectors, wherever strong unit economics meet structural capital gaps.

Tech & Tech Enabled Services

Deep Tech

Software & Related

Health Tech

Consumer

FinTech

Marketplaces

IT Services

Logistics Tech

PropTech

EdTech

CleanTech / Climate

Media & Entertainment

HR Tech

AgTech

Supply Chain

Cybersecurity

Medical Devices

Download Our Tearsheet

Select the version most relevant to you.

I'm an Intermediary

Deal parameters, economics, target profile, and market thesis. Includes referral economics for qualified introductions.

I'm a VC / Sponsor

Structured capital for portfolio companies in transition — extending runway, protecting sponsor optionality, and resolving cap table complexity.

I'm a Founder

Non-dilutive growth capital for companies in transition — preserve ownership, avoid forced down rounds, and finance growth on flexible terms.

Track Record

Selected Previous Transactions

Representative transactions led by LPCM’s principals across prior roles and vehicles.

Senior Secured Term Loan

E-Commerce

Growth financing for a scaled DTC platform during a sponsor transition

$30M

Senior Secured Term Loan

SaaS / SIEM

Expansion capital for a B2B security software platform

$22M

12-Month Bridge Loan

Consumer / Retail

Bridge financing alongside a cap table reset and new equity round

$18M

Senior Secured Term Loan

Marketplace

Working capital facility for a two-sided marketplace at growth inflection

$17M

Senior Secured Term Loan

InsurTech

Growth lending to a technology-driven insurance platform

$17M

Senior Secured Term Loan

E-Commerce

Growth financing for a scaled DTC platform during a sponsor transition

$8.5M

News & Insight

Latest

PODCAST

The Credit Bubble

Featured

Underwriting Unit Economics in a Shifting Credit Market

LPCM’s managing partner joins Derek Brunell on The Credit Bubble for a conversation on deep value investing through credit, finding opportunity where the market isn’t looking, and why the repricing in late-stage growth lending is creating compelling risk-adjusted opportunities.

Listen to the episode

Contact

Let's Talk

If there’s a deal or opportunity that may be a good fit, we’d like to hear from you.

(212) 464-7202

info@lp-cm.com

New York | Miami