Freeport Financial closes $1.5 billion direct lending fund


By McCord Pagan (April 1, 2022, 8:45 p.m. EDT) — Freeport Financial Partners LLC said Friday it has closed its fifth direct lending fund after raising $1.5 billion to invest in market business loans lower middleman with investors such as pension plans, insurance companies and endowments in North America, Europe and Asia.

Freeport said in a statement that its oversubscribed Freeport First Lien Loan Fund V exceeded its original target of $250 million and raised $900 million in equity commitments and $600 million in targeted leverage. The fund said it deployed 35% of its capital in sectors including business services, industrial components and healthcare.

“We are satisfied with…

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