Stifel Financial and Lord Abbett announced the formation of a substantial leveraged lending joint venture, SBLA Private Credit. SBLA Private Credit will focus on both new issue and existing loans to small and mid-sized portfolio companies of financial sponsors and compliments the existing capabilities of both firms. “Stifel continues to forge strategic partnerships that allow the firm to meet the different needs of our diverse client base and offer a full suite of competitive private credit solutions,” said Ron Kruszewski, Chairman and CEO of Stifel. “By partnering with Lord Abbett, we are able to expand Stifel Bank’s capacity to lead larger credit facilities, and better support the growth of our clients.”
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