Garrison Capital and BDC Portman Ridge to merge

together_230px
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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial