NEWS & INSIGHTS


PR: Eaton Partners Serves as Lead Placement Agent for $740M Private Credit Fund

Rowayton, CT, April 24, 2017Eaton Partners, one of the world’s largest placement agents and advisory firms and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to have served as lead placement agent for PA Direct Credit Opportunities Fund II (“PADCOF II”), which held a final close of approximately $740 million. The fund, part of the Portfolio Advisors direct investing platform, is run by the credit investment team led by Chuck Harper and Igor DaCosta, and will primarily invest in direct junior debt instruments,  with equity participation. It will provide capital to financial sponsors that are conducting leveraged buyouts, growth financing or recapitalization transactions for U.S. middle market companies.

The fund received backing from both new and existing investors including private and public pensions plans, university endowments, private foundations, insurance companies, and family offices. Stifel Financial led the placement of commitments within the high net worth (HNW) channel.

Based in Darien, CT, Portfolio Advisors manages a full range of private equity, private debt and private real estate. Managing Directors Igor DaCosta, Charles Harper, and Eric Staub, a seasoned team of investment professionals who have invested together for over 15 years, will handle this fund’s investment activities. They previously worked together on DLJ Investment Partners’ direct mezzanine investing business, which was acquired by Portfolio Advisors in 2013.

”The successful closing of Portfolio Advisors’ direct credit fund demonstrates the strong demand from traditional institutional investors as well as high net worth individuals for capable, experienced, and historically successful managers of middle market credit,” said Charlie Eaton, Partner at Eaton Partners. “The strategy is geared for success, particularly due to tailwinds coming from the rising interest rate environment and the high levels of dry powder held by U.S. financial sponsors.”

About Eaton Partners, LLC
With over 60 professionals across offices in North America, Europe, and Asia, Eaton Partners is widely recognized as one of the largest and most experienced global placement agents. Since 1983, the firm has participated in raising over $75 billion of institutional capital across more than 95 highly differentiated alternative investment funds and offerings, including limited partnership interests, general partner interests, co-investments and direct investment opportunities.

In January 2016, Eaton Partners became a wholly owned subsidiary and affiliate of Stifel Financial Corp., a leading middle-market investment bank, to further ensure Eaton’s success at the highest level of the global placement business.

Eaton Partners, LLC, is a registered broker-dealer and a member of FINRA.   It is registered as an Introducing Broker with the Commodity Futures Trading Commission and is a member of the National Futures Association (NFA).  Eaton Partners (UK) LLP is authorized and regulated by the Financial Conduct Authority (FCA).  Eaton Partners Advisors (HK) Limited is approved as a Type 1 License company under the Securities and Futures Commission (SFC) in Hong Kong.  Eaton Partners and the Eaton partners logo are trademarks of Eaton Partners, LLC, a limited liability company ® Eaton Partners, LLC, 2017.  Eaton Partners, LLC is a wholly owned subsidiary and affiliate of Stifel Financial Corp.

Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated; Keefe Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; Century Securities Associates, Inc.; and Eaton Partners, LLC, and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank & Trust offers a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s web site at www.stifel.com.

About Portfolio Advisors
Portfolio Advisors, LLC is an independent, employee-owned firm with over $37 billion in assets under management. The firm provides a full range of private equity, private debt and private real estate investment advisory and portfolio management services to sophisticated investors in North America, Europe and Asia.

 

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