Czech Asset Management formed SJC Direct Lending Revolver Fund III, a direct lending fund focused primarily on revolving credit facilities, which Czech expects will serve as a complement to its existing flagship direct lending funds.

All of the capital raised in the SJC Revolver Fund came from existing Czech investors and was raised in less than three months. Czech’s global investor base is comprised of public and private pension funds, endowments, foundations, Taft-Hartley plans, family offices and high-net worth individuals.

The SJC Revolver Fund is a direct lending strategy focused primarily on providing privately negotiated, floating-rate, senior secured, asset-based and cash flow revolving credit facilities to U.S. middle market companies that generate annual revenue of $75 million to $500.0 million + and annual EBITDA of $7.5 million to more than $50 million.

According to Steve Czech, managing partner and chief investment officer, “We are extremely grateful to our investors for their continuing trust and confidence. The SJC Revolver Fund enables prospective borrowers to reduce the complexity, documentation, transaction expense and time-to-close by having 24/7/365 access to the decision-maker of a single lender. In addition, the SJC Revolver Fund enables Czech to provide its prospective borrowers with a true ‘one-stop’ secured debt financing solution from revolving credit facility through the term loan.”