SMBC takes passive minority stake in Canal Road Group with equity commitment for direct lending strategy
SMFG•Direct lending capacity increases
The commitment lifts Canal Road Group’s direct lending capacity to $2.3 billion, inclusive of financing.
SMBC makes equity commitment to Canal Road Group
Sumitomo Mitsui Financial Group’s SMBC unit made an equity commitment to Canal Road Group’s direct lending strategy, unlocking up to $225 million.
SMBC also took a passive minority stake in Canal Road Group as part of the transaction.
