Freeport Closes $230 Million Direct Lending Fund
Search

Freeport Closes $230 Million Direct Lending Fund

freeport nf1Freeport Financial has completed fundraising for Freeport Financial SBIC Fund LP with approximately $230 million of capital available to invest. The fund is licensed by the U.S. Small Business Administration.

“We are very pleased with the investor response to our most recent fund and the strong support we received from the SBA. The fund will invest in senior debt and unitranche financings for lower middle market, private equity owned companies with more than $3 million of EBITDA,” said Josh Howie, Managing Director at Freeport.

Freeport Financial, based in Chicago, originates, underwrites and syndicates middle market loans to companies backed by private equity firms. Freeport has underwritten more than $3.4 billion in middle market loans since its founding in 2005. Freeport was acquired by investment bank Moelis & Company in October 2012 (www.freeportfinancial.com).

Moelis & Company provides financial advisory, capital raising and asset management services to corporations, institutions and governments. Moelis & Company has approximately 600 employees and has offices in New York, Beijing, Boston, Chicago, Dubai, Frankfurt, Hong Kong, Houston, London, Los Angeles, Mumbai and Sydney (www.moelis.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 8-8-13

To search in site, type your keyword and hit enter