SLR Capital Partners closed on $2.2 billion of equity commitments within SLR's direct cash flow lending and specialty finance strategies ("Multi-strategy Private Credit") during the second half of 2022. Inclusive of anticipated leverage, the commitments total $3.8 billion of additional investment capital.
"We are grateful for our partnership with the institutional and wealth management clients who have made early commitments to our current class of private credit funds," said Michael Gross, Co-Founder of SLR. "We believe their support demonstrates the success and appeal of our unique Multi-strategy Private Credit funds. 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," said Bruce Spohler, Co-Founder of SLR.
The equity commitments were secured from a range of pension, insurance company, endowment, wealth management, and family office investors in initial closings for successor investment vehicles. Of note, SLR's 2018 and 2019 vintage Multi-strategy Private Credit funds have experienced no realized losses to date.
"We believe this additional capital, coupled with SLR's strong fundraising momentum, will enhance our teams' ability to support companies through challenging market conditions," said Phil Guerin, Chief Marketing Officer at SLR. "With our current capital base, we are well positioned to deliver customized financing solutions for U.S. middle market borrowers."