Raymond James is expanding the capabilities of its investment banking division by partnering with Eldridge Industries and Raymond James Bank to provide private credit services to sponsor-backed portfolio companies in four primary sectors: consumer, diversified industrials, healthcare and technology & services.
Raymond James has hired credit industry veteran Omer Masud as head of sponsor finance origination to launch the firm’s private credit effort. A new Raymond James Bank-Eldridge Industries joint venture, called Raymond James Private Credit, will offer private credit solutions to portfolio companies of private equity firms. It will bring together the sector expertise and origination of Raymond James’ investment banking platform as well as Raymond James Bank’s lending expertise and Eldridge Industries’ asset management and capital markets expertise.
GreensLedge acted as advisor to Raymond James.