Garrison Capital and BDC Portman Ridge to merge

By Paola Aurisicchio
25 Jun 2020

Middle market investment specialist Garrison Capital is set to merge with business development company (BDC) Portman Ridge Finance Corporation.

Portman Ridge is a publicly traded BDC externally managed by Sierra Crest Investment Management, an affiliate of BC Partners and LibreMax Capital.

Upon closing of the merger, Portman Ridge will assume Garrison’s on-balance sheet CLO liabilities. The merger is expected to close in the fourth quarter of 2020. 

Portman ...

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