Canal Road Group secures equity commitment from SMBC to expand direct lending capacity

Corporate Action
โดย PR Newswire·Read original
Summary · why it matters

Canal Road Group has secured an equity commitment from SMBC that will unlock up to $225 million in additional investable capital for its direct lending strategy. The commitment increases CRG's total investment capacity to $2.3 billion, inclusive of financing, and gives SMBC a passive minority stake in the firm. It builds on an existing relationship that includes a $350 million asset-based lending facility, expandable to $500 million, which CRG uses to finance its private credit portfolio. Since launching its private credit platform less than two years ago, CRG has deployed nearly $1.2 billion of commitments to corporate credit borrowers. The firm is led by Mike Damaso and Don Young, who previously grew CBAM Partners to more than $15 billion in assets under management before selling it to Carlyle in 2022.

Impact on stocks 2

Financials▲ · 2 stocks

Off-coverage companies 1

Canal Road GroupPrivate▲ Positive
Capitalrelevance

Canal Road Group secures equity commitment from SMBC, unlocking up to $225M in additional investable capital for its direct lending strategy.

© 2026 MarketDXNews