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Capitala Finance in New Venture With Kemper Subsidiary

March 26, 2015, 07:31 AM
Filed Under: Industry News

Capitala Finance Corp. has formed a joint venture with Trinity Universal Insurance Company, a subsidiary of Kemper Corporation, to create Capitala Senior Liquid Loan Fund I, LLC ("CSLLF"). The joint venture is expected to invest primarily in senior secured loans to middle market companies.

Capitala and Trinity have committed to provide $25 million of equity to the joint venture, with Capitala providing $20 million and Trinity providing $5 million. In addition, CSLLF has obtained third party asset-level financing. Capitala and Trinity expect to begin funding the portfolio with new investments during the second quarter of 2015.

"CSLLF further deepens our long standing relationship with the investment team at Kemper and demonstrates the value of our commitment to the build-out of the liquid credit platform at Capitala," stated Joe Alala, Chairman and CEO of Capitala. "By launching a liquid credit platform, Capitala Group continues to develop differentiated and unique investment strategies to complement its BDC strategy and private investment strategy as the firm seeks to generate attractive risk adjusted returns for our investors."

Capitala Finance Corp. is a business development company that invests primarily in traditional mezzanine, senior subordinated and unitranche debt, as well as senior and second-lien loans and, to lesser extent, equity securities issued by lower and traditional middle-market companies. The company is managed by Capitala Investment Advisors, LLC.  For more information about the Company, please visit

Kemper Corporation, with $8 billion in assets, is one of the nation's leading insurers. The Kemper family of companies specializes in property and casualty insurance and life and health insurance for individuals, families, and small businesses.

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