NEW YORK, Oct. 18, 2018 /PRNewswire/ -- Solar Capital
Partners, LLC ("SCP" or "Solar Capital Partners"), a leading
private credit manager with expertise across cash flow and
asset-based senior secured financing solutions to U.S. middle
market companies, today announced that it has held the final
closings for its SCP Private Credit Income Fund LP and SCP Private
Credit Income BDC LLC (collectively, the "Funds").
The Funds, managed by Solar Capital Partners, will invest in
U.S. middle market companies via directly-originated senior secured
cash flow loans, asset-based loans, and life science loans. SCP
provides its borrowers with a comprehensive suite of financing
alternatives. The breadth of SCP's products and underwriting
experience across a single platform provides a unique view of a
middle market borrower's needs and offers attractive risk-adjusted
financing solutions.
Over $750 million of equity
capital was committed to the Funds by access funds comprised of
capital from Goldman Sachs & Co. LLC's private wealth
management clients. With approximately $1.9
billion of investable capital, including anticipated
leverage, the Funds may co-invest with SCP's other funds and
accounts, including Solar Capital Ltd. (NASDAQ:SLRC) and Solar
Senior Capital Ltd. (NASDAQ:SUNS).
"The Funds increase the scale of SCP's platform, enabling us to
provide complete solutions to middle market companies across our
suite of financing alternatives and to source and structure highly
attractive senior secured investments," said Michael Gross, Co-Founder of SCP.
"We view this successful fundraise as testimony to our strong
track record of investing in senior secured loans across our asset
niches," said Bruce Spohler,
Co-Founder of SCP. "We want to thank our new and existing
investors for their trust and confidence in our team."
About Solar Capital Partners
Solar Capital Partners is
an SEC-registered investment adviser that primarily invests
directly in leveraged, U.S. middle market companies in the form of
cash flow and asset-based senior secured investments, including
first lien, stretch first lien and second lien debt instruments.
Currently, SCP manages approximately $5.5
billion of investable capital across its public and private
funds and separately managed accounts, including serving as the
investment adviser to two publicly-traded Business Development
Companies, Solar Capital Ltd. (Nasdaq: SLRC, www.solarcapltd.com)
and Solar Senior Capital Ltd. (Nasdaq: SUNS,
www.solarseniorcap.com).
Since its formation in 2006 thru June 30,
2018, the Solar Capital Partners' platform has invested
approximately $9.1 billion in over
600 different portfolio companies with approximately 200 private
equity sponsors. Solar Capital Partners was founded by Michael Gross and Bruce
Spohler, who both have over 30 years of investment
experience through multiple credit cycles.
Forward-Looking Statements
Statements included herein may constitute "forward-looking
statements," which relate to future events or our future
performance or financial condition. These statements are not
guarantees of future performance, conditions or results and involve
a number of risks and uncertainties. Actual results may differ
materially from those in the forward-looking statements as a result
of a number of factors. Past performance is not indicative of
future results and there is no guarantee that any of the
expectations, targets or projections referenced herein will be
achieved. SCP undertake no duty to update any forward-looking
statements made herein.
CONTACT:
Solar Capital Partners
Investor Relations, 646-308-8770
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SOURCE Solar Capital Partners, LLC