Kayne Anderson BDC, Inc. announced a strategic investment in SG Credit Partners, Inc., a national credit platform focused on the lower middle market. The investment is structured as an $80.0 million term loan facility, a $34.0 million delayed draw term loan facility, and a $12.0 million common equity investment. KBDC will become a significant minority shareholder in SG Credit.
This investment is intended to complement KBDC’s private credit capabilities by diversifying proprietary investment channels. SG Credit, formed in 2013, has invested in over 200 companies and originated over $1.0 billion in commitments across its three lending verticals: Commercial Finance, Consumer Products, and Software & Technology.
KBDC anticipates that its debt investment in SG Credit will be immediately accretive to earnings in 2025. This strategic move enhances KBDC's diversified portfolio and expands its reach into the lower middle market, aligning with its objective of generating current income and capital appreciation.
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