Eaton Partners Formalizes Fundraising Platform For Private Credit Funds

Dec 7 2016 | 7:38pm ET

Placement agent Eaton Partners has formed a dedicated team that will focus specifically on raising capital for unique private credit strategies.

Targeted strategies include asset-backed and direct corporate lending, distressed debt, real estate credit, and other specialty credit, the company said. The team will concentrate on representing credit managers located in the U.S., Europe and Asia.

The move formalizes Eaton’s activities in the private debt segment. The company has participated or raised more than $2.6 billion for five credit funds so far this year, and more than $16 billion for credit-focused funds globally since 1998. The firm has relationships with more than 4,000 institutional investors around the world and also assists general partners in secondary transactions and in syndicating co-investment and direct deals from qualified institutional investors.

“Recent regulatory hurdles have led to a secular retrenchment from banks in the commercial lending arena, and as a result, we’ve seen that opportunities for private credit managers are greater than ever,” said Jeff Davis, partner at Eaton Partners. “In fact, in several industry surveys taken this year, a majority of institutional investors said they were under-allocated to private credit and expected to increase their target allocations over the next 12 months.”

Founded in 1983, Eaton Partners is one of the largest and most experienced fund placement firms in the world, having raised more than $70 billion across 93 highly differentiated funds. The company raises institutional capital for investment managers engaged in a wide range of alternative strategies, including private equity, private credit, real assets, real estate, and a large number of hedge funds/public market strategies. In January 2016, Eaton became a wholly owned subsidiary and affiliate of middle-market investment bank Stifel Financial Corp.\

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