RJF - Raymond James Forays Into the Private Credit Business | Benzinga
Raymond James (NYSE: RJF) is set to enter into the lucrative private credit business. Through its Investment Banking ("IB") division, the company has formed a strategic collaboration with Eldridge Industries and Raymond James Bank. Spearheading this expansion is Omer Masud, a seasoned credit industry expert appointed as the head of sponsor finance origination.
The newly formed Raymond James Private Credit aims to cater private credit solutions to portfolio companies of private equity firms. Leveraging Raymond James' robust IB platform, Raymond James Bank's lending prowess and Eldridge Industries' asset management expertise, the venture is poised to strengthen relationships with leading PE firms, particularly in key sectors such as consumer, diversified industrials, healthcare and technology & services.
Jim Bunn, the president of Global ...