Directed Capital closes 11th private credit fund at $90m
US private credit firm Directed Capital Resources has closed its eleventh flagship private credit fund at £90m (£67m) in commitments.
The firm has also secured more than $265m in credit capacity from its longstanding banking partners, it said.
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It intends to use this capital base to pursue more than $600m in commercial mortgage loan acquisitions and originations in the US.
The firm’s credit capacity includes closed facilities of $215m from First Horizon Bank, Banc of California, Valley National Bank, and Centennial Bank. An additional facility is expected to close in July, bringing the total to $265m.
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“Directed Capital takes great pride in providing solutions where traditional lenders cannot,” said Chris Moench, chief executive of Directed Capital.
“We are focused on supporting small business owners while delivering exceptional, risk-adjusted returns for our investors.”
Read more: Private credit ‘compelling alternative’ to traditional fixed income in US
