Capitala Finance, Trinity Universal Announce Investment Venture
Capitala Finance announced it formed a joint venture with Trinity Universal Insurance, a subsidiary of Kemper, to create Capitala Senior Liquid Loan Fund I, LLC. The joint venture is expected to invest primarily in senior secured loans to middle market companies.
Capitala and Trinity have committed to provide $25 million of equity to the joint venture, with Capitala providing $20 million and Trinity providing $5 million. In addition, CSLLF has obtained third party asset-level financing. Capitala and Trinity expect to begin funding the portfolio with new investments during the second quarter of 2015.
“CSLLF further deepens our long standing relationship with the investment team at Kemper and demonstrates the value of our commitment to the build-out of the liquid credit platform at Capitala,” stated Joe Alala, chairman and CEO of Capitala. “By launching a liquid credit platform, Capitala Group continues to develop differentiated and unique investment strategies to complement its BDC strategy and private investment strategy as the firm seeks to generate attractive risk adjusted returns for our investors.”