Cantilever Group takes minority stake in Ghost Tree Partners

Cantilever Group said it made a minority equity investment in Ghost Tree Partners, a private credit investment firm that lends to lower middle-market companies on a senior secured, collateral-focused basis. Terms were not disclosed.

Ghost Tree was founded in 2021 by Mark Fox, Scott Warner and Jeff Willardson, who had worked together for more than 20 years, most recently at PAAMCO Prisma. Its flagship vehicle is the GT Partners - Lone Cypress Fund, an evergreen structure.

Cantilever co-founder and managing partner David Ballard said the firm sees Ghost Tree's collateral-focused approach and lender and investor relationships as a basis for supporting its growth. Sidley Austin advised Cantilever; Berkshire Global Advisors and Shartsis Friese advised Ghost Tree.