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Tree Line Capital promotes partner, expands direct lending platform

Tree Line Capital Partners LLC has promoted managing director Frank Cupido to partner.

Cupido is actively involved in origination, underwriting and asset management.

Tree Line also announced that it has expanded its lower middle-market direct lending platform with $267 million of new capital.

The capital, from new debt and equity commitments received in 2017, was invested into Tree Line Direct Lending LP and Tree Line Credit Strategies LP. The capital commitments were received from, among others, the University of Texas Investment Management Co., ING Capital LLC, EverBank, City National Bank, Key Bank, East West Bank, Sterling National Bank and Hitachi Capital America.