#United States #Pasadena #private credit #Pasadena Private Lending #Eagle Point Credit Management

Strategic Partnership Announcement

Pasadena Private Lending, Inc. (PPL), a prominent player in the private credit sector, has formed a strategic partnership with Eagle Point Credit Management LLC, committing a substantial $105 million to bolster its capital structure. This alliance is poised to strengthen PPL's foothold in providing crucial financing solutions tailored to lower middle-market businesses that seek alternatives to traditional banking services.

Partnership Significance

This new partnership confirms the continued growth trajectory of PPL and underscores its commitment to expand its operational capabilities. The leaders from both firms announced that Eagle Point's involvement will accelerate the pace at which PPL can grow its portfolio while preserving the meticulous underwriting standards that the firm is known for. Iain Whyte, PPL's Founder and CEO, expressed great enthusiasm about the collaboration, highlighting Eagle Point's established reputation in private credit and their shared vision of empowering entrepreneur-led businesses.

Eagle Point's founder, Thomas Majewski, echoed this sentiment, emphasizing the partnership's alignment with their philosophy of tailored financing solutions and commitment to fostering long-term relationships in the lower middle market.

Driving Factors Behind the Partnership

The partnership emerges at a time when lower and middle-market companies are increasingly drawn to lending solutions that are not only flexible but also enable them to cultivate important relationships with financiers. PPL's leadership asserts that this strategic alliance enhances their ability to respond to evolving market demands swiftly, thereby facilitating opportunities for business growth.

Anthony Martinez, a Principal at Eagle Point and a new member of PPL's Board of Directors, remarked on the impressive framework that PPL has built, catering specifically to small, privately held companies, while aligning interests for long-term success. He also noted that Eagle Point’s strategic investment, including both equity and debt, reflects confidence in PPL's methodologies.

Enhanced Capital Deployment

The unique multi-layered capital strategy from Eagle Point is set to empower PPL to deploy capital more efficiently. This approach will allow PPL to tap into various investment layers concurrently, ensuring borrowers have rapid access to the needed funds. Michael McAdams, PPL's President, noted the significant advantage this partnership brings to their operations, affirming the long-standing professional relationships between PPL and Eagle Point's executives as a foundational element of their collaboration.

As market dynamics evolve, PPL's ability to adapt quickly to borrower needs while maintaining strong risk management practices becomes increasingly vital. The partnership is expected to enable PPL to act with immediacy, helping them capture opportunities as they arise in a growing market.

Advisory Role

GreensLedge Capital Markets acted as the financial advisor for Pasadena Private Lending during this transaction, assisting in structuring the partnership favorably for both entities.

About Pasadena Private Lending

Pasadena Private Lending, based in Pasadena, California, is dedicated to providing senior secured loans primarily in the range of $2 million to $15 million. The firm focuses on establishing strong relationships with entrepreneur-driven companies, merging institutional capital with tailored execution.

For further information, visit Pasadena Private Lending's official website and check out their publication, Private Credit Insights, for monthly updates.

About Eagle Point Credit Management

Founded in 2012 by Thomas Majewski in partnership with Stone Point Capital, Eagle Point is an investment manager with a concentration on private credit strategies. The company manages over $13 billion, aiming to provide innovative financial solutions in evolving markets. For further insights, visit Eagle Point's official website.

Overall, this partnership marks a pivotal moment for both organizations as they leverage their strengths to create a powerful platform for growth in the private credit market.