Silver Point Closes $8.5B Direct Lending Fund
Silver Point Capital held the final closing of Silver Point Specialty Credit Fund III, securing over $8.5 billion, inclusive of expected leverage, marking a substantial growth of its direct lending operations.
Silver Point’s strategy focuses on self-originated, senior secured loans to middle-market companies, both sponsor and non-sponsor. The new fund expands the firm’s approach to more than $15 billion in investable capital, part of the firm’s larger $35 billion credit platform.
Since early 2023, Silver Point has led or co-led over $12 billion in credit facilities, including notable deals like the $862 million financing for Sweet Oak’s acquisition of Whole Earth Brands and a $450 million refinancing for environmental solutions provider Gopher Resource.
“The pipeline within direct lending is strong and the forthcoming environment will continue to provide for a wide array of investment opportunities across a mix of both sponsor and non-sponsor investments,” said Anthony DiNello, head of Direct lending at Silver Point.
The fundraise follows the firm’s $4.6 billion close of its distressed opportunity fund in September.
Greenwich, CT-based Silver Point was founded in 2002 by Ed Mulé and Bob O’Shea, former Goldman Sachs partners who previously built Goldman’s direct lending and related businesses. The firm now employs over 320 people managing its comprehensive credit investment platform.
