NEW YORK, March 10, 2020 /PRNewswire/ -- Solar Capital
Partners, LLC ("SCP" or "Solar Capital Partners"), a leading
private credit manager with expertise across cash flow and
specialty finance senior secured financing solutions for U.S.
middle market companies, today announced that it held the final
closings of its SCP Private Corporate Lending Fund LP, SCP
Cayman Debt Fund LP, and SCP SF Debt Fund LP (collectively, the
"Funds").
The Funds invest in U.S. middle market companies via
directly-originated senior secured cash flow loans and specialty
finance loans. The Funds co-invest with SCP's other funds and
managed accounts, including Solar Capital Ltd. (Nasdaq:SLRC) and
Solar Senior Capital Ltd. (Nasdaq:SUNS).
Over $525 million of equity
capital is committed to these new Funds, primarily by institutional
investors. Including other unlisted parallel credit funds recently
raised, the combined equity commitments total approximately
$1.3 billion, providing $3.0 billion of investable capital when including
available leverage. This incremental investment capacity enhances
origination opportunities and provides SCP with the scale to
deliver comprehensive financing solutions to upper middle market
borrowers.
"With the final closing of these Funds, SCP's total investable
capital is over $6.5 billion," said
Michael Gross, Co-Founder of SCP.
"This increased scale enhances our ability to provide full
solutions to middle market companies across our suite of financing
alternatives and positions us to be opportunistic during credit
market dislocations."
"We view the success of our fundraising efforts as testimony to
our strong track record of investing in senior secured loans across
our cash flow and specialty finance businesses," 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
(www.solarcapitalpartnersllc.com)
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. Currently,
SCP manages approximately $6.5
billion of investable capital, including potential leverage,
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 December
31, 2019, the Solar Capital Partners' platform has invested
approximately $11.5 billion in over
750 different portfolio companies with approximately 200 private
equity sponsors. Solar Capital Partners was founded by Michael Gross and Bruce
Spohler, who each 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