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    Home»Fundraising»Freeport Financial closes fifth direct lending fund at USD1.5bn
    Fundraising

    Freeport Financial closes fifth direct lending fund at USD1.5bn

    April 4, 2022Updated:April 4, 20221 Min Read
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    Freeport Financial Partners (Freeport), a US lower middle market direct lending manager, has held the final close of its fifth direct lending fund, Freeport First Lien Loan Fund V (Fund V), raising USD1.5 billion in investable capital including targeted leverage and separately managed accounts investing alongside the fund.

    Fund V was oversubscribed, exceeding its initial target by over USD250 million, with total equity commitments of USD900 million and USD600 million in targeted leverage.

    Fund V invests primarily in directly originated and independently underwritten senior-secured first lien, floating rate loans to private equity-owned US lower middle market companies that have EBITDA between USD3 million and USD25 million.

    Read more: Private Equity Wire

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