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Tree Line Capital Partners Expands Lower Middle-Market Direct Lending Platform

February 15, 2018, 07:14 AM
Filed Under: Industry News

Tree Line Capital Partners, LLC,  announced the expansion of its lower middle-market direct lending platform with $267 million of new capital. The capital, from new debt and equity commitments received in 2017, was invested across the Tree Line platform in its funds, Tree Line Direct Lending, LP, and Tree Line Credit Strategies, LP. The capital commitments were received from, among others, the University of Texas Investment Management Company, ING Capital LLC, EverBank, City National Bank, Key Bank, East West Bank, Sterling National Bank and Hitachi Capital America.

Tree Line manages over $550 million in private capital and directly lends to lower middle-market companies with between $2 million and $25 million in EBITDA in transactions up to $100 million. Since October 2014, Tree Line has invested over $550 million in direct loans and has established a significant presence as a dedicated direct lender to lower middle-market companies.

“We are very pleased to have expanded the Tree Line direct lending platform with continued support from our investors,” said Jon Schroeder, Managing Partner at Tree Line. “The asset growth achieved gives Tree Line further reach into its market. In 2017, we agented transactions ranging from $8 million to $100 million. We continue to deliver a wide range of tailored financing solutions to lower middle-market borrowers.”

Tree Line is also pleased to announce the promotion of Frank Cupido to Partner. Cupido previously served as a Managing Director and is actively involved in origination, underwriting and asset management.

“We are thrilled to have Frank join us as a Partner,” said Tom Quimby, Managing Partner at Tree Line. “He has worked with Jon and me for 11 years and has demonstrated his ability to be a leader at our firm and in our market. Our young, dynamic team is well-positioned to further build upon the long-term relationships we’ve established with our borrowers, sponsors and investors.”

Recent transactions by the firm include:

  • In September 2017, Tree Line served as Administrative Agent of the senior secured financing for KLH Capital’s add-on acquisition for BluSky Restoration. The company provides commercial, industrial, and multi-family restoration, renovation, environmental and roofing services across the U.S.
  • In December 2017, Tree Line served as Administrative Agent of the senior secured financing for Lariat Partners’ acquisition of Offen Petroleum. Offen Petroleum is a leading independent provider of fuel, lubricants and logistics services in the Rocky Mountain region.
  • In December 2017, Tree Line served as Administrative Agent of the senior secured financing that accompanied LaSalle Capital’s strategic investment in Gen3 Marketing. Gen3 is a leading digital marketing agency that provides affiliate marketing services to customers (“advertisers”) by optimizing advertisers’ positioning of their products and services on third party websites (“publishers” or “affiliates”). The Company also provides additional digital marketing services, including pay-per-click, search engine optimization, social media and other digital marketing campaigns.


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