Oaktree-backed Great American Holdings (GA Group) has launched a new direct lending platform.
The platform, called Great American Capital Corporation (GACC), will target collateral-backed middle-market loans of between $20m (£14.6m) and $100m and will be led by Eran Cohen as president and chief investment officer.
Cohen will oversee the strategic direction, originations and portfolio management of GACC’s lending operations. He was most recently a managing director at a $6bn direct lending platform and previously worked at Wells Fargo Capital Finance.
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“I am incredibly excited to lead this new private credit platform and help shape something meaningful from the ground up,” said Cohen. “It is a privilege to build the firm in collaboration with GA Group and Oaktree, two highly recognised and accomplished brands in our industry.”
GA Group provides advisory, valuation, field examination, liquidation, retail and real estate services and is majority owned by Oaktree Capital Management.
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Alongside the launch of the direct lending platform, GA Group has also completed the acquisition of Risk Solutions International, a provider of consulting, advisory and technology solutions.
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