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A consortium of private equity firms has launched Tygris Commercial Finance Group Inc. with more than $1.75 billion in equity committed to offer liquidity and growth capital to U.S. midmarket companies in light of the current credit environment.
Financial services-focused private equity firm Aquiline Capital Partners LLC of New York founded Tygris, with New Mountain Capital LLC and TPG Capital also serving as lead investors, according to a statement Tuesday. Other investors include Diamond Castle Holdings LLC and Hamilton Lane. The funding is the largest-ever initial capital raising in U.S. commercial finance, the statement said. The company will set up shop initially in Chicago, Stamford, Conn., and Parsippany, N.J., and pointed to established relationships with Deutsche Bank AG, Credit Suisse Group, Barclays plc, Wachovia Corp. and other lenders. - Carolyn Murphy See full story on TheDeal.com See press release See more middle-market coverage on TheDeal.com CategoriesContributed content from Middle market video
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