Pasadena Private Lending (PPL), a private credit provider to lower middle-market businesses, and Eagle Point Credit Management, a private credit investment manager, are pleased to announce that Eagle Point Credit Management, a private credit investment manager, has become a strategic partner across the capital structure of Pasadena Private Lending (PPL), a private credit provider to lower middle-market businesses, with a total capital commitment of $105 million.
This partnership builds on PPL’s recent expansion of its senior credit facilities and represents a milestone in the firm’s continued institutionalization and growth. Eagle Point’s commitment positions PPL to accelerate portfolio expansion while maintaining its disciplined underwriting approach and focus on entrepreneur-owned businesses.
“We are excited to formally welcome Eagle Point as a partner across our capital stack,” Iain Whyte, founder and CEO of PPL, said. “We were attracted to Eagle Point because of their long-standing track record in private credit and their entrepreneurial mindset. They understand our business, our borrowers and the importance of speed, certainty and alignment in the lower middle market.”
Thomas Majewski, founder and managing partner at Eagle Point, commented, “We’re excited to partner with PPL and the customized financing solution we provided reflects our shared vision and strong belief in PPL’s strategy. We look forward to the opportunities ahead.”
Anthony Martinez, principal at Eagle Point and newly appointed member of PPL’s board of directors, said, “PPL has built a compelling platform serving smaller, privately held companies and the entrepreneurs behind them. Our commitment, which consists of both debt and equity, reflects our confidence in PPL’s business and aligns our interests with its long-term success.”
Michael McAdams, president of PPL, added, “We are grateful for Eagle Point’s partnership and the scale and flexibility it brings to our platform. Their ability to invest across multiple layers of the capital structure enhances our responsiveness and aligns our interests. Importantly, the principals of our organizations share more than 20 years of prior working relationships, which makes this partnership especially meaningful.”
GreensLedge Capital Markets acted as financial advisor to PPL in connection with the transaction.
