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Friday, May 24, 2024

Riverside mulls sale of direct lending enterprise

The Riverside Firm is mulling a possible sale of its direct lending arm, Riverside Credit score Options.

Sources cited by Bloomberg stated that the agency is negotiating with potential consumers of the unit.

The doable sale is a part of a variety of strategic choices that Riverside is exploring, the sources stated.

Learn extra: “Compelling” alternative for brand spanking new capital in direct lending

Riverside Credit score Options, which is headed up by managing associate Dave Dobies, was based in 2016 and focuses on offering finance to corporations within the lower-middle market area.

The non-public credit score sector has been seeing elevated M&A exercise of late. Final week, it emerged that Brookfield Asset Administration is in superior talks to purchase a majority stake in Castlelake, a specialist non-public credit score investor.

And in February, Amundi introduced its plans to accumulate non-public markets specialist Alpha Associates because it seeks to develop its publicity to personal debt, infrastructure, non-public fairness and enterprise capital.


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