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Stock impact report

Private credit-focused asset manager Liquidity gets up to $450 million in financing [Yahoo! Finance Canada]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
WHY IT'S IMPORTANT The deal underscores the strengthening ties between private credit firms and banks, which are vying for a share of the lucrative market that has rapidly expanded in recent years. CONTEXT The agreement marks the first time Liquidity has partnered with a U.S.-based bank. Backed by Japan's MUFG Bank, the asset manager provides credit ranging from $10 million to $150 million to growth-stage tech companies. KEY QUOTE "The credit facility with KeyBank is a vote of confidence in Liquidity as we expand our blueprint in North America," Liquidity Co-founder and CEO Ron Daniel said. (Reporting by Niket Nishant in Bengaluru; Editing by Shreya Biswas) Recommended Stories Show less Read more
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