NEW YORK AND DENVER – (BUSINESS WIRE) – July 12, 2021
FLC Credit Partners, a private equity fund manager specializing in family and private businesses, announced today that it has provided a $ 21 million loan to Spouting Rock Asset Management (“SRAM”), which will use the capital to support its growth and bring together multiple managers. assets.
The credit line is the first investment by FLC Credit Partners since its launch in May 2021 by Family Legacy Capital Management, LLC, a private investment manager for leading family offices. FLC Credit Partners meets the capital needs of family and entrepreneurial businesses with creative private lending solutions. The firm understands the dynamics inherent in these types of companies, given that its investor base consists solely of leading family offices.
SRAM is a multi-boutique management platform providing alternative, traditional and themed investment solutions and services. Funding from FLC Credit Partners will enable the firm to continue to leverage timely and effective opportunities in small and medium-sized firms, through majority or significant minority ownership. The targeted acquisitions are expected to add more than $ 5.5 billion in assets to SRAM’s platform, support the diversification of SRAM’s offerings, and draw on the firm’s vast knowledge and experience.
“This line of credit will enable us not only to expand SRAM’s platform, but ultimately to focus on improving and diversifying our investment performance,” said Blakely Page, President and Founder of SRAM. “This deal reflects the consolidation trends and opportunities we are looking to leverage in asset management, and the FLC team has proven to be true partners with its dynamic finance recommendations and solutions.”
“The intellectual, kinship and financial capital of our leading family limited partnership base empowers us to better serve entrepreneurs,” said Hendrik Jordan, Chairman and Co-Founder of Family Legacy Capital and FLC Credit Partners. “Blakely has a proven vision for growth and we are pleased with how well our first funding is aligning with our mandate. As we strive to maximize returns for our investors, we are excited about the future prospects for our partnership with SRAM. “
“We were very impressed with SRAM and are delighted to be collaborating on this deal to support their growth,” said Jay Rogers, Partner and Managing Director of FLC Credit Partners. “It is this type of partnership – with clear and shared goals – that will form the basis of all our future deals. It was a pleasure working with Blakely and his team. “
FLC Credit Partners provides both primary and secondary opportunistic private lending investments with a focus on secured loans but also opting for mezzanine and structured equity solutions. The group is targeting $ 10 million to $ 100 million in transactions to fund refinancing, leveraged buyouts, incremental acquisitions, recapitalizations, growth / working capital, rescue capital, DIP loans and exit funding.
Headquartered in New York, FLC Credit Partners’ investment team is led by Peter Ashmann, Matthew Hart and Jay Rogers.
About Family Legacy Capital
Family Legacy Capital Management, LLC (“Family Legacy Capital”) directly or indirectly manages private equity funds, whose limited partnerships are comprised of leading family offices. The firm is headquartered in Denver, Colorado. For more information please visit www.familylegacycapital.com…
About FLC Credit Partners
FLC Credit Partners is a private credit fund manager for Family Legacy Capital. Headquartered in New York, FLC Credit Partners’ investment team is led by Peter Ashmann, Matthew Hart and Jay Rogers. For more information please visit www.flccredit.com…
About Spouting Rock Asset Management
Spouting Rock Asset Management is a multi-boutique management platform providing alternative, traditional and themed investment solutions and services designed to expand portfolios and protect wealth for the financial future of clients. It is headquartered in Bryn Mawr, Pennsylvania.
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SOURCE: FLC Credit Partners
Copyright by Business Wire 2021.
PUB: 12.07.2021, 08:00 / DISK: 07.12.2021, 08:02
Copyright by Business Wire 2021.