Canal Road Group, LLC (CRG) has secured a new $250 million credit facility agented by Sumitomo Mitsui Banking Corporation (SMBC). 

The facility will be used to employ back leverage on CRG’s private credit portfolio and complements a similar $250 million facility secured from Wells Fargo in Fall 2024. 

The additional financing capabilities put the firm’s investment capacity at $1.5 billion supporting CRG’s private corporate lending strategy which predominantly targets 1st Lien and unitranche corporate loans for companies with EBITDA of $50 million or more in North America sourced largely.