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THL Credit launches USD150m THL Credit Greenway Fund

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THL Credit has formed the THL Credit Greenway Fund LLC (Greenway) as a portfolio company of THL Credit.  Greenway is an investment fund with USD150,000,000 of capital committed by an institutional investor, and will be managed by THL Credit.

Greenway will immediately commence investment activities and will invest in transactions in which THL Credit also invests. THL Credit will receive a management fee on capital called by Greenway and a performance fee subject to a return hurdle. THL Credit also will receive a portion of the closing fees on each investment transaction.

Jim Hunt, CEO of THL Credit, Says: "THL Credit is proud to have a world class US institutional investor make this significant commitment to Greenway in support of the THL Credit investment platform.  Greenway will expand THL Credit’s ability to lead and control larger investments, and is expected to allow THL Credit effectively and prudently to manage its investment concentrations." 

Chris Flynn, Managing Director of THL Credit, Says: "Investing with Greenway enhances THL Credit’s ability to compete in the market, and is expected to drive attractive deployment of our capital across a broader range of investment opportunities."   

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