Evolution Credit Partners Management (“Evolution”), a prominent alternative credit firm managing approximately $3 billion in assets, has recently announced the successful closing of two new trade finance facilities. This strategic move further expands Evolution’s robust trade finance portfolio, which has reached ~$1.5 billion in total volume since its inception.
These recent transactions highlight Evolution Credit Partners’ commitment to providing tailored and scalable financial solutions. The facilities include:
- A $150 million inventory financing facility established with a leading automotive company boasting approximately $5 billion in annual revenue. This facility is designed to address the unique capital demands of the automotive sector, where suppliers often face extended payment cycles of up to 360 days.
- A $60 million accounts receivables financing facility created for a private equity-backed healthcare company. This solution caters to the healthcare industry’s characteristic of unpredictable repayment patterns, offering financial stability through receivables from Medicare, Medicaid, and investment-grade health insurance providers.
Rene Canezin, Co-Founder and Managing Partner at Evolution Credit Partners, emphasized the firm’s client-centric approach: “We engineered two bespoke yet scalable solutions specifically to overcome the sector-specific challenges our clients encounter. In capital-intensive industries like automotive, extended payment terms can strain suppliers. Similarly, the healthcare service sector often grapples with inconsistent repayment timelines. Evolution Credit Partners steps in to provide early and predictable funding, empowering our clients to effectively manage their working capital.”
These transactions underscore Evolution Credit Partners’ ongoing expansion within the trade finance sector. The firm strategically focuses on the high-yield space, delivering crucial liquidity, growth capital, and enhanced vendor/supplier relationships to companies and their stakeholders.
Beyond its thriving trade finance operations, Evolution Credit Partners maintains a well-established presence in leveraged finance. The firm’s flagship opportunistic credit fund, Evolution Credit Opportunity Fund II, integrates both trade finance and leveraged finance strategies. This fund has demonstrated strong performance, achieving a 26.3% net IRR since its inception in October 2021 through Q3 2023.
About Evolution Credit Partners
Headquartered in Boston, Massachusetts, Evolution Credit Partners is a leading alternative credit manager with approximately $3 billion in assets under management. The firm’s comprehensive credit platform delivers bespoke financing solutions across the entire credit spectrum. For further details, please visit evolutioncreditpartners.com or direct inquiries to [email protected].
Disclaimer: This press release includes forward-looking statements based on current beliefs, assumptions, and expectations, which are subject to change due to various factors.
SOURCE Evolution Credit Partners Management, LLC
