Brightwood Capital Advisors, a center market non-public credit score agency, introduced that it deployed practically $2 billion of capital to 35 new debtors, in fiscal yr 2022.
This quantity of funding exercise was spurred by asset development throughout Brightwood’s portfolio all year long, with the agency’s assets-under-management (AUM) surpassing $5 billion in 2022.
Brightwood additionally continued to reveal its financing capabilities, most notably via the demand from new and present buyers for its CLO platform. The $426 million Brightwood Capital MM CLO 2020-1, Ltd. Reset priced amidst a difficult market surroundings at year-end, which represents the fourth CLO issued by the Agency since 2019.
“Our staff selectively deployed capital throughout our 5 core trade verticals, deepening our non-public fairness sponsor relationships whereas additionally working intently with our non-sponsored companies to ship value-added partnership,” mentioned Sengal Selassie, Chief Govt Officer and Managing Associate of Brightwood. “We proceed to construct and strengthen our platform by rising our portfolio, deepening our institutional relationships, securing financing, and specializing in operational excellence. We’re taking a strategic method to our enterprise and consider that our proficient professionals will proceed to drive worth as we offer versatile, specialty tailor-made financing options.”
Notable funding exercise consists of:
Brightwood led a $300 million senior secured credit score facility financing to Giving House Well being Care, a talented and unskilled residence well being and residential help service supplier, to assist its partnership with FS Investments and to fund its strategic development initiatives.
Car Administration Options
Brightwood acted as sole lead arranger and administrative agent to supply a senior secured credit score facility in assist of Mill Level Capital’s acquisition of Car Administration Options, a supplier of car administration providers for each public- and private-sector shoppers.
Brightwood acted as sole lead arranger and administrative agent to supply a senior secured credit score facility in assist of Pink Arts Capital’s acquisition of Coregistics, a supplier of packaging-centric provide chain options, together with course of design, procurement, contract packaging, and third-party logistics.
Brightwood acted as sole lead arranger and administrative agent for a senior secured credit score facility in assist of Beringer Capital’s funding in VeraData, a call science firm that leverages subsequent technology analytics and omni-channel knowledge to optimize direct advertising and marketing marketing campaign outcomes.
The expansion throughout Brightwood’s platform has led the agency to meaningfully add to its staff because the starting of 2022. Essentially the most vital hiring exercise has been within the Threat & Portfolio Monitoring staff, because the agency takes steps to proceed to make sure the portfolio is effectively managed and the agency is ready to navigate market volatility. Administrators and above are listed beneath.
- Eric Pratt appointed as Chief Credit score Officer
- Natalie Hojnacki appointed as Managing Director, Chief of Workers to the CEO
- Kristan O’Connor appointed as Managing Director, Threat & Portfolio Monitoring
- Aized Rabbani appointed as Managing Director, Origination
- Fred Jelks appointed as Managing Director, Threat & Portfolio Monitoring
- Chris Warren appointed as Director, Capital Markets
- Brett Murray appointed as Director, Threat & Portfolio Monitoring