Great Rock Capital Upsizes Leverage Facility to Over $700 Million
- Editor
- Apr 23
- 2 min read
Whats Happening:
Great Rock Capital, a middle market lending specialist, has expanded its leverage facility with KeyBank National Association to over $700 million. The upsize includes the addition of new lending partners OceanFirst Bank N.A. and HomeStreet Bank. This expansion follows a record-setting 2024 and strong first-quarter performance in 2025, positioning the fund for continued growth in providing creative financing solutions to middle market companies across North America.
Key Moves:
Great Rock Capital upsizes leverage facility to over $700 million
New lending partners OceanFirst Bank N.A. and HomeStreet Bank join the facility
Expansion follows record-setting 2024 and strong Q1 2025 performance
By The Numbers:
Leverage facility now exceeds $700 million
Great Rock offers credit facilities ranging from $15MM to $150MM
The fund has 15 bank partners in its facility
Key Quotes:
"We believe that Great Rock is well positioned to grow with a strong management team and strategy that includes providing creative financing solutions to middle market customers throughout North America," - Chris Tucker, Managing Director, KeyBank Specialty Finance Lending
"Following a record-setting 2024, we've entered 2025 with strong momentum and a solid first-quarter performance," - Stuart Armstrong, CEO of Great Rock Capital
"The continuous expansion of our capital base has been a major driver of Great Rock's success," - Brett Goodwin, CFO of Great Rock Capital
Bottom Line:
Great Rock Capital's expansion of its leverage facility to over $700 million, coupled with its strong performance and addition of new lending partners, positions the fund for continued growth in the middle market lending space. This move enhances its ability to provide flexible financing solutions and maximize liquidity for middle market companies across North America, reinforcing its commitment to supporting business strategies in this sector.
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