Commercial finance platform Solar Capital Partners changed its name to SLR Capital Partners.
Solar Capital Partners expanded its investment and business development capabilities by hiring four industry professionals, including Nandan Munshi, who previously served as an executive director in commercial banking at JPMorgan Chase.
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. More than $525 million of equity capital is committed to these new funds, primarily by institutional investors.
Crystal Financial, in partnership with affiliates of Solar Capital Partners, closed a C$97.5 million ($72.4 million) senior credit facility for Ashley Park Operations.
Solar Capital Partners and its affiliates will fund $30 million in second lien debt financing for BAMFi, a provider of fintech solutions. Hovde Group served as sole arranger and placement agent on the transaction.
Solar Capital Partners provided a $75 million term loan through a loan and security agreement with Rubius Therapeutics, a biotechnology company developing a new class of allogeneic cellular therapies.