SLR Investment entered into a joint venture agreement with SunStone Senior Credit to create SLR Senior Lending Program (SSLP). The joint venture is expected to invest primarily in senior secured cash flow loans.
SLR Investment and the investor each have made initial equity commitments of $50 million, resulting in a total equity commitment of $100 million. SSLP intends to seek third party financing to allow the joint venture to utilize leverage. The company and the investor expect to begin funding SSLP with investments prior to the end of 2022. Investment decisions and all other material decisions in respect of SSLP must be approved by representatives of the company and the investor.
