Global credit investing firm Silver Point Capital has held the final close of its Silver Point Specialty Credit Fund III, which is aimed at providing loans to mid-sized companies, with $8.5bn in total capital commitments.
This fundraising follows the closure of a $4.6bn credit fund just two months earlier, bringing the firm’s total direct lending capital to over $15bn, according to a press statement released on Monday.
With this latest fund, Silver Point now oversees $35bn in assets across both private and public credit strategies.
Since its 2002 inception, Silver Point has provided financing solutions to more than 400 middle-market companies. With the growth of its balance sheet for Direct Lending, Silver Point has agented or arranged over $12bn in credit facilities since the beginning of 2023. This includes lead or co-lead roles in transactions such as the $450m refinancing of the outstanding debt of Gopher Resource; the $862m financing supporting Sweet Oak’s acquisition of Whole Earth Brands; refinancing and growth capital for GOJO Industries; and the $450m financing of the take-private of SurveyMonkey by Symphony Technology Group.
Silver Point’s fundraise exceeded its initial target, attracting strong support from a diverse group of new and existing institutional investors from across the globe, including pensions, sovereign wealth funds, endowments, foundations, insurance companies, and family offices.
