Daily News: September 19, 2018

Ziegler Anchors Locust Point Private Credit Fund


Ziegler served as an anchor investor in the Locust Point Private Credit Fund, which closed oversubscribed at $312 million.

The Locust Point Private Credit Fund provides opportunistic senior debt, subordinated debt and preferred equity financing for acquisitions, refinancing, new construction, renovations and working capital, or any combination thereof to owner/operators in the senior housing and long-term care industries.

“We are excited to be one of the anchor investors in the Locust Point Fund,” said Ziegler President and CEO Dan Hermann.

Don Husi, managing director and co-head of Ziegler’s Proprietary Senior Living Practice, added, “The fund’s subordinate debt product means Ziegler can refer potential clients to Locust Point, making for a great, productive partnership. The Ziegler team now provides agency debt, bank placement, retirement housing bonds, bridge financing, equity and M&A services. The subordinate debt and other related products provided by our friends at Locust Point will allow Ziegler’s clients to have potential access to capital that allows for greater flexibility and creativity when structuring deals.”

Based in Chicago, Ziegler is a privately held investment bank, capital markets and proprietary investments firm.