The new name utilizes a common brand across its affiliates and specialty finance investment teams and defines SLR’s transition from its origins as a cash flow lender to a multi-strategy diversified finance platform.
“Over our 15-year history, we have expanded our financing alternatives to meet and anticipate the evolving financing requirements of middle market borrowers,” Michael Gross, co-founder of SLR Capital Partners, said. “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 providing the same compelling value proposition now under a common brand.”
“SLR Capital Partners is uniquely positioned to source and underwrite attractive commercial finance investments,” Bruce Spohler, co-founder of SLR Capital Partners, said. “This is an exciting step in our platform’s growth 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 the NASDAQ under the symbol SLRC. SLRC invests in first lien senior secured cash flow loans, asset-based loans, equipment financings, corporate leases and life science loans.
SLR Senior Investment Corp., formerly known as Solar Senior Capital Ltd., will continue to trade on the NASDAQ under the symbol SUNS. SUNS invests in first lien senior secured cash flow loans and asset-based loans.
SLR Capital Partners’ platform is comprised of eight investments focused on a variety of financing solutions to meet working capital, growth capital and liquidity requirements of middle market companies, including:
SLR Sponsor Finance, a team focused on senior secured cash flow lending to primarily non-cyclical upper middle market sponsor-owned companies
SLR Lender Finance, a team focused on providing senior secured loans to commercial finance companies
SLR Life Science Finance, a team focused on providing senior secured first lien credit facilities for later-stage bio-pharma, medical device, healthcare IT and healthcare services companies, both venture-backed private and public
SLR Credit Solutions, formerly known as Crystal Financial, a portfolio company of SLR Investment Corp, and a provider of direct private credit focused on delivering credit solutions to middle market companies that require asset-based and cash flow financing solutions
SLR Equipment Finance, formerly known as Nations Equipment Finance, a portfolio company of SLR Investment Corp. and an independent equipment finance company that provides senior secured financings to primarily non-investment grade U.S.-based companies
Kingsbridge Holdings, a portfolio company recently acquired by SLR Investment Corp. and an independent mid-ticket lessor of information technology, industrial, healthcare and commercial equipment to investment grade credit quality customers
SLR Business Credit, formerly known as North Mill Capital, a portfolio company of SLR Senior Investment Corp. and an asset-based lending commercial finance company that provides working capital through senior secured asset-based financings to U.S.-based small-to-medium-sized businesses primarily in the manufacturing, services and distribution industries
SLR Healthcare ABL, formerly known as Gemino Healthcare Finance, a portfolio company of SLR Senior Investment Corp. and a commercial finance company that originates, underwrites and manages primarily secured, asset-based loans for small and mid-sized companies that provide healthcare products and services
This year has kept the equipment finance sector on its toes with a massive banking crisis, continually rising interest rates and consistent concerns about an economic recession. Equipment finance companies and their customers are continuing to deal with the pressure... read more
The recent deluge of state commercial financing disclosure laws designed to mimic consumer-style truth-in-lending statements raises interesting policy considerations as it relates to the inclusion or exclusion of equipment leasing and finance transactions.1 In particular, of all the relevant laws... read more