Business
RLJ Credit Management, LLC announces final closing of RLJ Credit Opportunity Fund
Robert L. Johnson, Founder and Chairman of The RLJ Companies
(PRNewsire) – Bethesda, Maryland – RLJ Credit Management, LLC has today announced the closing of RLJ Credit Opportunity Fund I, LP (“RLJ Credit” or the “Fund”). With the closing of this Fund, RLJ Credit Management, LLC has approximately US$135 million 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,” said Robert L. Johnson, Founder and Chairman of The RLJ Companies.
“RLJ Credit is committed to generating attractive investment returns for its limited partners by supporting U.S. small businesses,” said Trevoir Gregg. “Lower middle-market companies are essential to the overall health of our domestic economy. In addition to forming the basis for job growth and healthier communities, lower middle-market companies are very good areas in which to invest.”
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, recapitalizations and growth initiatives for small and mid-sized businesses throughout the United States.
RLJ Credit anticipates investments in upwards of US$10 million per transaction, with the resources to complete larger transactions.
About RLJ Credit Opportunity Fund: RLJ Credit Opportunity Fund makes senior debt and subordinated debt investments in lower middle market companies. RLJ Credit provides flexible capital solutions to facilitate buyouts, recapitalizations, refinancings, and growth financings.
The Principals of RLJ Credit have extensive experience partnering with middle market companies, across a broad range of industries, to support growth and create value. We successfully partner with private equity firms, investment banks, and operating executives to deliver our full range of financial and strategic resources. For more information visit: www.rljcredit.com.
