Percent Enters Senior Lending Partnership to Support Capital Sources Available for Lower Middle Market Lenders

Percent, the private credit platform that has created the modern credit marketplace, announced a new partnership with a US-based, alternative credit investment manager focused on uncorrelated income-generating assets in niche markets.

Through this partnership, an asset-backed warehouse facility “has been established, enabling Percent to bring additional growth capital online and increase credit facility sizes for non-bank lending clients.”

Prath Reddy, President at Percent, said:

“Growth-stage lenders with strong origination pipelines are seeking Percent to take advantage of our private credit ecosystem. The timing on closing this committed warehouse capital couldn’t be better as we support these originators through an institutional partner which brings certainty of capital to our lender clients while also providing co-investment opportunities to our investor base. We’re thrilled that a sizable, credit-centric, asset manager of this caliber recognizes our deep understanding, experience and track record in private credit and chose to partner with us on this milestone transaction. After five years of providing debt capital solutions to the lower middle market, Percent continues to attract early-stage lenders with promising growth prospects.”

With the close of this facility, Percent will continue “to provide debt capital to an underserved sub-sector of financial services, namely tech-enabled non-bank lenders, who are capital constrained and ineligible to tap into financing through traditional banks and credit funds.”

This committed capital is dedicated “to scaling the lending portfolios of both established and relatively new originator clients of Percent’s platform and further widens the scope of how Percent supports its client base.”

The alternative asset management firm’s decision “to allocate capital to Percent builds on an already successful track record thanks to the efficiencies Percent has created in the previously antiquated private credit market.”

The platform’s workflow automation provides existing underwriters, “both private credit funds and investment banks, a distribution outlet that seamlessly taps into Percent’s investor base to efficiently market, and syndicate private debt offerings.”

With the boom in private credit, this additional investment capacity “will galvanize Percent’s ability to continue to meet the needs of the lender finance ecosystem.”

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