NEW YORK –Liquidity, the global multibillion dollar AUM asset manager specializing in growth-stage private credit, today announced the closing of a structured credit facility of up to $450 million. The facility is anchored by senior debt from KeyBank (NYSE: KEY), with the remaining facility populated with mezzanine and equity. The initial commitment from KeyBank is $75 million, which is expected to scale to $250 million, and is aimed at supporting the expansion of Liquidity’s lending capabilities in the US market. Leveraging its proprietary AI-enabled investing platform, Liquidity will use the facility to originate credit deals with growth and late-stage technology companies.
“The credit facility with KeyBank is a vote of confidence in Liquidity as we expand our blueprint in North America,” said Ron Daniel, Co-Founder and CEO at Liquidity. “The US is the leading ecosystem for startup innovation, and we’re well positioned to deploy flexible capital solutions with unmatched speed to late-stage tech companies in the market. We value KeyBank’s partnership and look forward to delivering on the opportunity for our investors.”
The transaction marks the first time that Liquidity has partnered with a bank based in the United States after a growth rally in EMEA, APAC and MENA regions over the last few years. The firm originates, underwrites and monitors investments using an in-house AI and machine learning platform, with an industry-leading loss rate of 0%. Liquidity will continue to provide credit ranging from $10 million to $150 million to growth stage tech companies, globally.
“The US market has an abundance of well-performing growing tech companies looking for flexible capital partners. With our AI-driven decision-making, Liquidity can deliver speed and flexibility to borrowers and data-driven certainty to investors,” added Daniel.
“We’re pleased to support Liquidity with this credit facility as they continue to grow in the US market, targeting the opportunity within late-stage technology,” said Rian Emmett, Segment Head of KeyBank Specialty Finance Lending.
