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
[email protected]
Media Inquiries:
Mike Geller / Josh Clarkson
Prosek Partners
[email protected] / [email protected]
SOURCE SLR Capital Partners
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