Freeport Financial Partners LLC, a middle-market direct loaning supervisor, has actually raised $518 million for its 3rd fund. The minimal partners of Freeport First Lien Loan Fund III consisted of public and private pension plans, insurance coverage companies, endowments and foundations in The United States and Canada and Europe. Fund III will invest in senior-secured very first lien, floating rate loans to private equity-owned US middle market companies that have earnings in between $25 million and $100 million. FIRSTavenue worked as the funds placement agent.
Chicago, October 26, 2016: Freeport Financial Partners, LLC (“Freeport”), a United States middle market direct lending manager, today revealed the last closing of Freeport First Lien Loan Fund III LP (“Fund III”) with equity commitments amounting to $518 million. Including targeted fund utilize, this offers Freeport roughly $960 countless investible capital. Fund III obtained dedications from a broad varietya large range of institutional investors including public and personal pension planspension, insurance coverage business as well as endowments and structures throughout The United States and Canada and Europe.
Fund III invests mostly in straight originated and independently underwritten senior-secured first lien, drifting rate loans to private equity-owned United States middle market companies that have revenues between $25 million and $100 million and EBITDA between $3 million and $25 million. Over the past year, Fund III has actually released around 35% of its capital throughout a varied group of markets consisting of company services, commercial elements and healthcare services.
“We are pleased with the action to our most currentnewest fund from both our existing and new financiers to accomplish a diversified base of limited partners,” said Josh Howie, Handling Director at Freeport.
“We want to praise Freeport on a successful fundraise. We look forward to continuing our relationship with the team and we want them continued success” commented Paul Buckley, Founder and Managing Partner of FIRSTavenue, the positioning agent for the Fund.
About Freeport Financial
Freeport has the industry knowledge, product knowledge and versatility to serve the funding needs of personal equity financiers and the management teams with whom they invest. Freeport’s principals have invested together because 2005 and have deployed more than $2.0 billion throughout more than 135 business. Freeport became part of Moelis Asset Management LP in 2012, and is committed to providing extremely competitive financing solutions to middle-market business.
FIRSTavenue is a leading global advisory and capital placement company concentrated on personal funds and personal companies. FIRSTavenue covers the substantial investors in the developed world and the developing world.
FIRSTavenue is differentiated by the breadth and depth of its reach through five global workplaces and advantagesgain from a large team of previous pension experts on staff. FIRSTavenue’s customers include leading GPs and management teams across the key personal market and market sectors: private equity, personal credit, genuinerealty and genuine possessions.