Phoenix Merchant Partners and Texas Capital Alternative Asset Management Announce Strategic Relationship to Serve the Core Middle Market
TCBI's subsidiary, Texas Capital Alternative Asset Management (TCAAM), formed a strategic relationship with Phoenix Merchant Partners to launch Spurstone Credit, a perpetual-life closed-end credit fund targeting the middle market. The fund will focus on senior secured financing for businesses with $100 million to $1 billion in annual revenue, leveraging Texas Capital's banking network alongside Phoenix's underwriting capabilities.
Key figures
- Target borrower revenue range
- $100 million to $1 billion
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