New York-based SLR Capital raised $2.2 billion in equity commitments for its direct cash flow lending and specialty finance strategies in U.S. middle market companies in the second half of 2022.
When including anticipated leverage, the commitments total $3.8 billion of additional investment capital, officials added.
Investors included pension, insurance company, endowment, wealth management and family offices in initial closings for successor investment vehicles. With $12 billion in investable capital, SLR said that its 2018 and 2019 vintage multi-strategy private credit funds have no realized losses to date.
“We believe their support demonstrates the success and appeal of our unique multi-strategy private credit funds,” said Michael Gross, co-founder of SLR. “We focus on senior secured investments across cash flow, asset-based, specialty finance and life science lending, which enables us to offer a differentiated risk-return profile for our investors.”
“Given the strong credit performance across our existing portfolios, our broad expertise and opportunity set, and our experience investing through several economic cycles, we believe that SLR is well positioned to invest successfully during this period of volatility,” added SLR Co-founder Bruce Spohler.