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RLJ Credit Management holds final closing of USD135m credit opportunity fund

RLJ Credit Management has held the final closing of the RLJ Credit Opportunity Fund I with approximately USD135m in assets under management. 

"RLJ Credit and its limited partners are pleased that, in cooperation with the SBA, we have created one of the largest minority-owned SBIC funds. Under the direction of Trevoir Gregg, co-founder and managing partner, we are confident that RLJ Credit will generate significant returns on assets and become one of the preeminent funds for senior debt and subordinated debt investments in lower middle market companies," says Robert L Johnson, founder and chairman of The RLJ Companies.
 
RLJ Credit is a portfolio company of The RLJ Companies and provides subordinated debt, unitranche and minority equity capital in support of leveraged buyouts, strategic acquisitions, recapitalisations and growth initiatives for small and mid-sized businesses throughout the US. 
 
RLJ Credit anticipates investments in upwards of USD10m per transaction, with the resources to complete larger transactions.

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