Evolution Credit Partners Closes More Than $200MM in New Trade Finance Facilities

Evolution Credit Partners Management, an alternative credit firm with approximately $3 billion in assets under management, closed two new trade finance facilities to add to its trade finance portfolio of approximately $1.5 billion in total volume. The transactions included:

• A $150 million inventory financing facility for an automotive company with approximately $5 billion in revenue

• A $60 million accounts receivables financing facility with a private equity sponsor-backed healthcare company with accounts receivables from Medicare, Medicaid and other investment grade health insurance companies

"We created two bespoke yet scalable solutions addressing the specific sector challenges our clients face. Suppliers in the automotive industry, a capital-intensive sector, need to bridge payment timing mismatch of up to 360 days. The healthcare service sector typically suffers from unpredictable repayment patterns. Evolution provides funding to our clients early and at a predictable cadence, which helps companies manage their working capital needs," Rene Canezin, co-founder and managing partner of Evolution Credit Partners Management, said.

In addition to Evolution's trade finance business, Evolution has an established leveraged finance business. Evolution's flagship opportunistic credit fund, Evolution Credit Opportunity Fund II, encompasses both strategies and has a 26.3% net IRR since inception in October 2021 through Q3/23.