Andrew Hedlund
The firm now has close to 1,500 investors in its mid-market investment vehicle.
Both advisors and managers say there are opportunities in the retail market for illiquid products.
The mid-market lender’s target matches the total its predecessor vehicle raised.
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The Philadelphia-based alternative lender ended the year with its highest quarterly amount of loan commitments.
Its Middle Market Lending vehicle was launched in July, while its Private Middle Market Credit entity started up in January.
Andrew Woolford has been in the leveraged finance business for over two decades.
Having once trailed, a new study shows US mezzanine debt now out-performs high-yield bonds by more than 3%. Does patient capital pay more?
The firm will focus on senior secured loans in sponsored deals.
The Charlotte-based firm is still on the trail for its latest fund, which has drawn interest from investors around the globe.
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The credit investment firm has far outpaced the equity commitments its first fund garnered.