Freeport Financial Direct Lending Fund Closes at $230 Mln

Freeport Financial, which is backed by Moelis & Co., said its most recent fund closed at about $230 million. Freeport Financial SBIC Fund LP is licensed by the U.S. Small Business Administration. The pool will invest in senior debt and unitranche financings for lower middle market, private equity owned companies with more than $3 million of EBITDA.

PRESS RELEASE

Chicago, August 6, 2013: Freeport Financial, an investment manager that provides financing solutions to middle market companies, today announced it has completed fundraising for Freeport Financial SBIC Fund LP with approximately $230 million of capital available to invest. The fund is licensed by the U.S. Small Business Administration (SBA).

Josh Howie, Managing Director at Freeport, said, “We are very pleased with the investor response to our most recent fund and the strong support we received from the SBA. The fund will invest in senior debt and unitranche financings for lower middle market, private equity owned companies with more than $3 million of EBITDA.”

Freeport Financial was acquired by Moelis & Company, a global independent investment bank, in 2012 to expand Moelis’s asset management platform and enable Freeport to benefit from the added resources and global reach of a larger organization.