Freeport Financial bolsters investment staff

The Chicago-based mid-market lender closed its latest fund last fall.

Freeport Financial Partners has expanded its staff this month in the Windy City with the addition of two new hires, the firm said on Wednesday.

The direct lending arm of Moelis Asset Management said it has added Nate Raulin in its Chicago headquarters as a director, a position where his responsibilities will entail structuring, underwriting and managing mid-market debt investments.

Raulin joined Freeport from Excellere Partners, a Denver-based mid-market private equity firm, where he sourced, structured and executed recapitalisations with entrepreneurs, according to the statement. Prior to Excellere, Raulin worked at GE Capital on senior debt facilities in leveraged transactions.

Freeport also added Doug Golan as an assistant vice president in its Chicago office, where he will also be tasked with structuring, underwriting and managing mid-market debt investments. Previously Golan was at Golub Capital’s direct lending group and Moelis’ investment banking division.

“Nate’s private equity experience along with Doug’s background in investment banking are exceptional complements to our existing team,” Freeport managing director Josh Howie said in the statement.

Freeport closed its latest fund, Freeport Financial First Lien Loan Fund III, in October, a vehicle with $960 million in deployable capital. That included $518 million of equity commitments and $442 million of leverage.

Freeport became a part of Moelis in 2012, allowing the New York-based investment bank to move into mid-market lending. At the time of the acquisition, Freeport had invested almost $1.5 billion, a total that has since surpassed $2 billion.