Freeport closes direct lending fund at $1.5bn

Chicago-based $3.2 billion private equity financier Freeport Financial Partners closed its fifth direct lending fund at $1.5 billion, which includes targeted leverage and separately managed accounts investing alongside the fund.

Freeport First Lien Loan Fund V was oversubscribed and exceeded its initial target by over $250 million with commitments from public and private pension plans, insurance companies as well as endowments and foundations across North America, Europe and Asia.

“We are pleased with the strong response to our most recent fund from both our existing and new investors to achieve a diversified . . .

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