Czech Asset Management, LP creates a revolving credit fund with assets in portfolio of 4,500 million dollars
The SJC Revolver Fund is a direct lending strategy focused
today announced the formation of SJC Direct Lending Revolving Fund III, LP (“SJC Revolver Fund”), a fund of Direct loans mainly focused on revolving loans, which Czech expects will serve as a complement to the emblematic direct loan funds already existing in the company. All capital raised for the SJC Revolver Fund comes from current Czech investors and has been raised in less than 3 months. Czech’s global investor base consists of public and private pension funds, endowments, foundations, Taft-Hartley plans, family wealth managers and high-income earners.
primarily on providing revolving, privately negotiated, floating rate, secured and asset-based preferential loans and cash flow to mid-market companies in the United States with annual revenues of between 75 and 500 million dollars or more and an annual EBITDA of between 7.5 and 50 million dollars or more.
According to Steve Czech, managing partner, and director of Investments, “we are extremely grateful to our investors for their continued trust and loyalty. The SJC Revolver Fund allows potential loan applicants to reduce complexity, documentation, the cost of transactions and the closing time of an agreement by having access to the decision maker of a single lender in an uninterrupted manner, 7 days a week, every day of the year, and with the SJC Revolver Fund, Czech can offer the potential loan applicants a truly centralized platform for guaranteed debt financing solutions, ranging from revolving credit to installment loans”.
Czech, with approximately $ 4.5 billion of committed and invested capital
considerable co-investment capacity is a direct lending firm based in Old Greenwich, Connecticut, committed to the granting of revolving loans. , privately negotiated, based on assets and cash flow, floating rate and guaranteed preferential loans, as well as term loans with first and second encumbrances, mainly to mid-market companies in the United States with an annual income of between 75 and 500 million dollars or more and an annual EBITDA of between 7.5 and 50 million dollars or more.
About Stephen J. Czech: Steve Czech has more than 28 years of experience in contracting credit and corporate finance, as well as a long history of establishing and managing direct loan credit funds. His experience includes obtaining, structuring, contracting, monitoring and restructuring corporate loans. Prior to forming Czech, Steve Czech worked for a number of major firms, including Morgan Stanley, Credit Suisse Group AG, Donaldson, Lufkin & Jenrette (“DLJ”) and Banc of America Securities LLC. Steve Czech and his family are prominent donors and advocates of causes related to childhood terminal illnesses, serving and retired members of the United States Navy Special Operations Force
(Navy SEALs) and their families, emergency services ( that is to say, the police, the firemen and the technicians of medical emergencies) and the scholarships for students of the institute with few resources in all United States. Steve Czech is the founder and co-chair of the Mikey Czech Foundation, a member of the Advisory Board of the Booth School of Business at the University of Chicago, a Laureate member of the Dean Society of the Booth School of Business at the University of Chicago, a member of the President’s Club and Parent Executive Committee of Villanova University, member of the Benacerraf Society of the Harvard Medical School / Dana-Farber Cancer Institute and member of the Pediatric Oncology Visiting Committee of the Harvard Medical School / Institute of Cancer Dana-Farber. Steve Czech holds a Bachelor of Science degree from Marquette University and a Master of Business Administration from the Booth School of Business at the University of Chicago.