BC Partners Credit Arm, KingsRock Agree to $500 Million Alliance

BC Partners’ credit arm and KingsRock Advisors have agreed to a non-exclusive strategic alliance, through which the former can co-invest in as much as $500 million of credit and special situations transactions originated and structured by KingsRock, a move that provides more financing certainty to borrowers.

The partnership better positions the firms “to execute complex financing transactions with greater efficiency and volume,” Ted Goldthorpe, the head of BC Partners Credit, which oversees roughly $8 billion, said in an emailed statement. “The private credit sector has seen tremendous growth and it will not slow down anytime soon.”

The credit ...