Solar Capital Partners held the final closings of its SCP Private Corporate Lending Fund LP, SCP Cayman Debt Fund LP and SCP SF Debt Fund LP. These funds invest in U.S. middle market companies via directly-originated senior secured cash flow loans and specialty finance loans. The funds co-invest with Solar Capital Partners’ other funds and managed accounts, including Solar Capital and Solar Senior Capital.
“We view the success of our fundraising efforts as testimony to our strong track record of investing in senior secured loans across our cash flow and specialty finance businesses,” Bruce Spohler, co-founder of Solar Capital Partners, said. “We want to thank our new and existing investors for their trust and confidence in our team.”
More than $525 million of equity capital is committed to these new funds, primarily by institutional investors. Including other unlisted parallel credit funds recently raised, the combined equity commitments total approximately $1.3 billion, providing $3.0 billion of investable capital when including available leverage.
“With the final closing of these funds, SCP’s total investable capital is over $6.5 billion,” Michael Gross, co-founder of Solar Capital Partners, said. “This increased scale enhances our ability to provide full solutions to middle market companies across our suite of financing alternatives and positions us to be opportunistic during credit market dislocations.”
Solar Capital Partners is a private credit manager with expertise across cash flow and specialty finance senior secured financing solutions for U.S. middle market companies.
