Amalgamated Capital is celebrating its first anniversary. Formed in September 2009, the leveraged finance division of Amalgamated Bank provides senior financing solutions for PE investments in the lower middle-market and committed over $100 million during its first year. With its second year just underway, the division has already committed more than $25 million.
So far this year, 105 lenders have been active in U.S. PE deals, according to the PitchBook Platform. Senior debt has been the most popular form of disclosed lending this year, followed by revolving credit lines and subordinated debt. The debt to equity split for buyouts is currently about 50% debt and 50% equity, up from the 36% debt and 64% equity seen in early 2009.
The most active lenders year to date ranked by activity are: