Demonstrates strong investor interest in
Multi-strategy Private Credit offering
Total additional investable capital, including
anticipated leverage, of $3.8
billion
Enhances SLR's ability to provide borrowers
with customized financing solutions amid market volatility
NEW
YORK, Jan. 23, 2023 /PRNewswire/ -- SLR Capital
Partners, LLC ("SLR"), a boutique asset manager focused on direct
lending with expertise across a range of financing solutions for
U.S. middle market companies, announced today that it closed on
$2.2 billion of equity commitments
within SLR's direct cash flow lending and specialty finance
strategies ("Multi-strategy Private Credit") during the second half
of 2022. Inclusive of anticipated leverage, the commitments total
$3.8 billion of additional investment
capital.
"We are grateful for our partnership with the institutional and
wealth management clients who have made early commitments to our
current class of private credit funds," said Michael Gross, Co-Founder of SLR. "We believe
their support demonstrates the success and appeal of our unique
Multi-strategy Private Credit funds. We focus on senior secured
investments across cash flow, asset-based, specialty finance, and
life science lending, which enables us to offer a differentiated
risk-return profile for our investors."
"Given the strong credit performance across our existing
portfolios, our broad expertise and opportunity set, and our
experience investing through several economic cycles, we believe
that SLR is well positioned to invest successfully during this
period of volatility," said Bruce
Spohler, Co-Founder of SLR.
The equity commitments were secured from a range of pension,
insurance company, endowment, wealth management, and family office
investors in initial closings for successor investment vehicles. Of
note, SLR's 2018 and 2019 vintage Multi-strategy Private Credit
funds have experienced no realized losses to date.
"We believe this additional capital, coupled with SLR's strong
fundraising momentum, will enhance our teams' ability to support
companies through challenging market conditions," said Phil Guerin, Chief Marketing Officer at SLR.
"With our current capital base, we are well positioned to deliver
customized financing solutions for U.S. middle market
borrowers."
About SLR Capital Partners, LLC
SLR is an
SEC-registered investment adviser that primarily invests in U.S.
middle market companies in the form of cash flow, asset-based, and
specialty finance senior secured loans. Currently, SLR manages
public and private business development companies ("BDCs"), private
credit funds, and separately managed accounts, including serving as
the investment adviser to publicly-traded BDC SLR Investment Corp.
(Nasdaq: SLRC). The platform was founded by Michael Gross and Bruce
Spohler, who each have over 35 years of investment
experience through multiple credit cycles.
DISCLAIMER:
This communication is for
informational purposes only and does not convey an offer of any
type and is not intended to be, and should not be construed as, an
offer to sell, or the solicitation of an offer to buy, any interest
in any fund referenced herein. Any such offering can be made only
at the time a qualified offeree receives a confidential private
placement memorandum and other operative documents that contain
significant details with respect to risks.
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, financial 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. SLR undertakes no duty to update any forward-looking
statements made herein, unless required to do so by law.
Contacts
Financing Inquiries:
Phil Guerin
SLR Capital Partners
+1 212 993 1673
pguerin@slrcp.com
Media Inquiries:
Mike Geller / Josh Clarkson
Prosek Partners
mgeller@prosek.com / jclarkson@prosek.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/slr-capital-partners-secures-2-2-billion-of-equity-commitments-to-its-direct-lending-strategies-301727764.html
SOURCE SLR Capital Partners