Solar Capital Partners becomes SLR Capital Partners
New name effective February 25, 2021
NEW YORK, February 24, 2021 / PRNewswire / – Solar Capital Partners, LLC, a leading commercial finance platform with expertise in senior secure cash flow and specialty finance solutions for US mid-market companies, has announced today that it will change its name to SLR Capital Partners (“SLR” or “the Advisor”), effective February 25, 2021. The new name, which uses a common brand across its subsidiaries and specialist finance investment teams, defines SLR’s transition from its origins as a cash flow lender fifteen years ago to a platform of diversified multi-strategy financing.
SLR Capital Partners offers a range of commercial finance capabilities and seeks to develop complementary lending strategies. The advisor’s platform, made up of approximately 290 employees at its affiliates, includes a wide range of senior secured financing alternatives and provides customized solutions to meet a borrower’s financing needs. This multi-strategy approach to direct lending has enabled SLR Capital Partners to protect its capital, generate stable income and offer attractive total returns to its public shareholders and private investors since its creation in 2006. *
“Over our 15 year history, we have broadened our financing alternatives to meet and anticipate the ever-changing financing needs of middle market borrowers,” said Michel gross, co-founder of SLR Capital Partners. “We will maintain the same disciplined and differentiated approach to direct lending that has produced attractive risk-adjusted returns for our investors *. We look forward to delivering the same compelling value proposition now under a common brand. “
“SLR Capital Partners is uniquely positioned to seek out and underwrite attractive commercial finance investments,” said Bruce spohler, co-founder of SLR Capital Partners. “This is an exciting step in the growth of our platform, as we formally unify our capabilities for the benefit of borrowers, their intermediaries and our investors.”
As part of the rebranding, the two registered public business development companies managed by SLR Capital Partners will be renamed:
SLR Investment Corp., formerly Solar Capital Ltd., will continue to trade on NASDAQ under the symbol SLRC. SLRC invests in senior secured cash flow loans, asset loans, equipment finance, corporate leases and life science loans to generate current income that is distributed to shareholders every quarters.
SLR Senior Investment Corp., formerly known as Solar Senior Capital Ltd., will continue to trade on NASDAQ under the symbol SUNS. SUNS invests in senior secured cash flow loans and asset-backed loans to generate current income that is distributed to shareholders monthly.
SLR Capital Partners’ diverse platform includes eight investment strategies focused on a variety of financing solutions to meet the working capital, growth capital and liquidity needs of mid-market companies:
Financing of the SLR sponsor, a dedicated team focused on senior secured cash flow loans to companies owned primarily by non-cyclical upper middle market sponsors;
Financing SLR lenders, a dedicated team focused on providing senior secured loans to commercial finance companies;
SLR Life Sciences Finance, a dedicated team focused on providing top-tier secured credit facilities for biopharmaceutical, medical device, healthcare IT and late-stage healthcare companies, both private and public at risk;
SLR credit solutions, formerly known as Crystal Financial, a holding company of SLR Investment Corp and a leading provider of direct private lending focused on providing complex and creative lending solutions to mid-market companies across a variety of industries , which require flexible cash flow and asset financing solutions to achieve their goals;
SLR equipment financing, formerly known as Nations Equipment Finance, a holding company of SLR Investment Corp and an independent leading equipment finance company that provides leading secured finance to predominantly lower quality US companies;
Kingsbridge Holdings, a holding company recently acquired by SLR Investment Corp and a leading independent lessors of IT, industrial, healthcare and commercial equipment essential to a diverse set of prime credit quality clients, will keep its name;
SLR Company Credit, formerly known as North Mill Capital, a holding company of SLR Senior Investment Corp and a leading commercial finance company that provides working capital through senior secured asset-based financings to small and mid-sized companies based in the United States, primarily in the manufacturing, service and distribution sectors; and
SLR Health ABL, formerly known as Gemino Healthcare Finance, a holding company of SLR Senior Investment Corp and a trade finance company that primarily creates, underwrites and manages asset-based secured loans for small and medium-sized businesses that provide products and health services.
About SLR Capital Partners
SLR Capital Partners is an SEC-registered investment advisor who invests primarily in leveraged mid-market US companies in the form of senior cash flow and asset-based secured investments. Currently, the advisor manages more than $ 7.5 billion of investable capital, including potential leverage, in its public and private BDCs, private credit funds and separately managed accounts, including as an investment advisor to two publicly traded business development companies, SLR Investment Corp (Nasdaq: SLRC) and SLR Senior Investment Corp (Nasdaq: SUNS).
Since its creation in 2006, the SLR Capital Partners platform has invested more than $ 13.0 billion in approximately 1,300 different holding companies with approximately 200 private equity sponsors. The platform was founded by Michel gross and Bruce spohler, who each have over 30 years of investment experience across multiple credit cycles.
Statements included herein may constitute “forward-looking statements”, which relate to future events or our future financial performance or conditions. These statements do not constitute guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Actual results may differ materially from those of forward-looking statements due to a number of factors. Past performance is no guarantee of future results and there can be no assurance that the expectations, objectives or projections mentioned in this document will be achieved. SLR Capital Partners assumes no obligation to update any forward-looking statements contained in this document.
* Past performance is no guarantee of future results.
Investor Relations Contacts for SLR
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SOURCE Solar Capital Partners, LLC