Leonid Capital Partners (LEONID) – an alternative investment management firm focused on private credit with the U.S. National Security market – recently announced the oversubscription and upcoming final closing of Leonid Opportunities Fund I LP. This oversubscribed fund is closing with approximately $240 million of capital commitments, including an investment from Victory Park Capital. LEONID received strong support from new and existing institutional investors for this fund.
LEONID launched its private credit strategy in 2019 to capitalize on growing opportunities in the U.S. Federal contracting space. This strategy seeks to generate consistent current income with strong downside protection through corporate secured lending, sized and structured around the U.S. Federal contracts, with a focus on National Security. And LEONID maintains a differentiated approach through diversification across this novel asset class. It focuses on smaller and less crowded parts of the market, with transaction sizes generally between $1 and $25 million.
With the upcoming final closing, Fund I will have drawn 40% of its current capital commitments – which reflects a deep pipeline of existing funding partnerships and newly sourced opportunities across the expanding U.S. National Security ecosystem.
KEY QUOTES:
“We are incredibly grateful for the strong support of existing partners and new relationships in exceeding our target raise, particularly given the challenging fundraising environment over the past year. We look forward to building upon these partnerships as we work diligently to deliver outstanding results for our clients.”
- James Parker, Co-Founder of LEONID
“We have continually differentiated our asset-based private credit platform with a focus on robust collateral and consistent cash flow in a mission-critical, and highly differentiated niche market. Amidst higher rates, market uncertainty, and liquidity constraints in the traditional banking sector, we are excited about the risk/reward dislocation we’ve identified in the Government sector. We are grateful for the support of our partners and look forward to continued success together.”
- Chris Lay, LEONID’s Co-Founder
