PDI Staff Writer
The mid-market lending firm closed on the highest amount of capital it’s raised to date.
Edward O’Byrne joined to lead the firm’s new investment group.
The media-focused firm has already deployed more than $137m of the raised capital.
The BDC passed its prediction of $1.1bn of investments for the year that was made at the end of the third quarter.
The pension fund passed a new asset allocation plan last summer, which raised the fund’s private credit allocation.
The firm doubled its footprint and joins others in making investing in the sector a core strategy.
BGSL Breckenridge Funding began the $400m facility with BNP Paribas in December.
The firm begins the new year with more than $3bn in committed capital raised.
Private debt lenders are heavily focused on supporting smaller businesses.
The strategy continues to grow as a focus for lenders, as many have seen an increase in demand for the option.