Solar Capital Partners LLC has conducted the final closings for its SCP Private Credit Income Fund LP and SCP Private Credit Income BDC LLC.
Equity capital of more than $750 million was committed to the funds by access funds consisting of capital from Goldman Sachs & Co. LLC's private wealth management clients.
Both funds, managed by Solar Capital Partners, will invest in U.S. middle-market companies through directly originated senior secured cash flow loans, asset-based loans and life science loans.
With about $1.9 billion of investable capital, including expected leverage, the funds may coinvest with Solar Capital's other funds and accounts, including Solar Capital Ltd. and Solar Senior Capital Ltd.