TH Lee Unveils $500M Credit Fund

Sep 18 2007 | 2:46pm ET

Private equity giant Thomas H. Lee Partners has become the latest alternatives firm to make a run at the troubled credit markets with a new offering.

The Boston-based firm’s THL Credit Group has raised $500 million in equity and financing commitments for its new THL Credit Partners. The credit fund will invest in a wide variety of securities, utilizing leveraged finance, structured credit and minority equity transactions.

Based in Boston, THL Credit also has offices in Houston and Los Angeles.


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