NEW YORK, Feb. 24, 2021 /PRNewswire/ -- Solar Capital
Partners, LLC, a leading commercial finance platform with expertise
across cash flow and specialty finance senior secured financing
solutions for U.S. middle market companies, today announced that it
will change its name to SLR Capital Partners ("SLR" or "the
Advisor"), effective February 25,
2021. The new name, which utilizes a common brand across its
affiliates and specialty finance investment teams, defines SLR's
transition from its origins as a cash flow lender fifteen years ago
to a multi-strategy diversified finance platform.
SLR Capital Partners offers a suite of commercial finance
capabilities and seeks to build complementary lending strategies.
The Advisor's platform, consisting of approximately 290 employees
across its affiliates, includes a broad range of senior secured
financing alternatives and provides customized solutions to meet a
borrower's financing requirements. This multi-strategy approach to
direct lending has enabled SLR Capital Partners to protect capital,
generate steady income and provide attractive total returns for its
public shareholders and private investors since its founding in
2006.*
"Over our 15-year history, we have expanded our financing
alternatives to meet and anticipate the evolving financing
requirements of middle market borrowers," said Michael Gross, Co-Founder of SLR Capital
Partners. "We will maintain the same disciplined and differentiated
approach to direct lending that has produced attractive
risk-adjusted returns for our investors*. We look forward to
providing the same compelling value proposition now under a common
brand."
"SLR Capital Partners is uniquely positioned to source and
underwrite attractive commercial finance investments," said
Bruce Spohler, Co-Founder of SLR
Capital Partners. "This is an exciting step in our platform's
growth, as we formally unify our capabilities for the benefit of
borrowers, their intermediaries and our investors."
As part of the rebranding, the two registered public business
development companies managed by SLR Capital Partners will be
renamed:
- SLR Investment Corp., formerly Solar Capital Ltd.,
will continue to trade on the NASDAQ under the symbol SLRC. SLRC
invests in first lien senior secured cash flow loans, asset-based
loans, equipment financings, corporate leases and life science
loans to generate current income that is distributed to
shareholders quarterly.
- SLR Senior Investment Corp., formerly known as Solar
Senior Capital Ltd., will continue to trade on the NASDAQ under the
symbol SUNS. SUNS invests in first lien senior secured cash flow
loans and asset-based loans to generate current income that is
distributed to shareholders monthly.
SLR Capital Partners' diversified platform is comprised of eight
investment strategies focused on a variety of financing solutions
to meet working capital, growth capital and liquidity requirements
of middle market companies:
- SLR Sponsor Finance, a dedicated team focused on senior
secured cash flow lending to primarily non-cyclical upper
middle-market sponsor-owned companies;
- SLR Lender Finance, a dedicated team focused on
providing senior secured loans to commercial finance
companies;
- SLR Life Science Finance, a dedicated team focused on
providing senior secured first lien credit facilities for
later-stage bio-pharma, medical device, healthcare IT and
healthcare services companies, both venture-backed private and
public;
- SLR Credit Solutions, formerly known as Crystal
Financial, a portfolio company of SLR Investment Corp and a leading
provider of direct private credit, focused on delivering complex,
creative credit solutions to middle-market companies, across
diverse industries, that require flexible asset-based and cash flow
financing solutions to achieve their objectives;
- SLR Equipment Finance, formerly known as Nations
Equipment Finance, a portfolio company of SLR Investment Corp and a
leading independent equipment finance company that provides senior
secured financings to primarily non-investment grade U.S. based
companies;
- Kingsbridge Holdings, a portfolio company recently
acquired by SLR Investment Corp and a leading independent
mid-ticket lessor of information technology, industrial, healthcare
and commercial essential-use equipment to a diverse set of
investment grade credit quality customers, will retain its
name;
- SLR Business Credit, formerly known as North Mill
Capital, a portfolio company of SLR Senior Investment Corp and a
leading asset-based lending commercial finance company that
provides working capital through senior secured asset-based
financings to U.S. based small-to-medium-sized businesses primarily
in the manufacturing, services and distribution industries;
and
- SLR Healthcare ABL, formerly known as Gemino Healthcare
Finance, a portfolio company of SLR Senior Investment Corp and a
commercial finance company that originates, underwrites and manages
primarily secured, asset-based loans for small and mid-sized
companies that provide healthcare products and services.
For lending inquiries, please visit www.slrcp.com or contact
info@slrcp.com.
About SLR Capital Partners
SLR Capital Partners is an SEC-registered investment
adviser that primarily invests in leveraged, U.S. middle market
companies in the form of cash flow and asset-based senior secured
investments. Currently, the Advisor manages over $7.5 billion of investable capital, including
potential leverage, across its public and private BDCs, private
credit funds and separately managed accounts, including serving as
the investment adviser to two publicly-traded Business Development
Companies, SLR Investment Corp (Nasdaq: SLRC) and SLR Senior
Investment Corp (Nasdaq: SUNS).
Since its formation in 2006, SLR Capital Partners' platform has
invested over $13.0 billion in
approximately 1,300 different portfolio companies with
approximately 200 private equity sponsors. The platform 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. SLR Capital Partners undertakes no duty to update any
forward-looking statements made herein.
*Past performance does not guarantee future results.
Media Contacts for SLR
Josh
Clarkson / Nick Rust /
Andrew Chironna
Prosek Partners
jclarkson@prosek.com / nrust@prosek.com /
achironna@prosek.com
Investor Relations Contacts for SLR
646-308-8770
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SOURCE Solar Capital Partners, LLC