Thomas H. Lee Partners yesterday launched a credit affiliate, THL Credit Group, and a corresponding fund with $500 million (€360 million) in commitments.
A spokeswoman declined comment as to whether the fund has been closed, and no information was disclosed as to the fund’s limited partners.
The fund will invest in securities through leveraged finance, structured credit and minority equity transactions, providing capital to companies with a minimum EBITDA of $10 million, according to THL Credit’s website.
