Global investment firm The Carlyle Group Inc. has, through its Global Credit platform, agreed to provide up to $300 million in growth capital to Four Springs Capital Trust, a private real estate investment trust focused on acquiring, owning, and actively managing a portfolio of single-tenant, income-producing properties throughout the United States, subject to long-term net leases. Four Springs plans to use the funds to scale up its portfolio.
Alex Popov, Carlyle’s head of illiquid credit strategies, said, “We are pleased to support the expansion of Four Springs, a company with whom we have a long-standing relationship. The team has a strong track record of deploying capital in a thoughtful manner with a consistent approach to underwriting that focuses on both real estate quality and tenant creditworthiness. Leveraging insights from across Carlyle and our Global Credit platform, we moved quickly to assess this opportunity and provide a tailored solution that is designed to help Four Springs realize its considerable growth potential.”
William Dioguardi, CEO and chairman of the board of trustees of Four Springs, added, “We are pleased to work with Carlyle, which is providing not just the capital we need to grow our business but also expertise across a range of sectors from which we look forward to benefiting as we identify new investment opportunities.”
Carlyle’s Global Credit platform regularly pursues investments in privately negotiated capital solutions for upper middle market borrowers, including both private equity sponsored and family or entrepreneur owned businesses. This transaction adds to the approximately $1 billion in real estate credit that the Global Credit platform has invested since 2017.