Moelis adds Freeport Financial to expand middle market management

By Ashley Montgomery

Kansas City, Kan., Oct. 3 - Moelis & Co. has completed its acquisition of Freeport Financial Partners LLC, according to a news release.

The company said the acquisition expands its asset management platform with Freeport's expertise in middle market loans.

"We believe that middle market companies are a growing but underserved segment. Today's markets offer limited capital solutions to this segment and therefore we expect that middle market lending will offer investors superior risk-adjusted returns," Ken Moelis, Moelis chief executive officer, said in the release.

Freeport will retain its name and Chicago location, the release said. The principal members of the company, including Matthew Gerdes, Josh Howie, Stephen Papalas and Joseph Walker, will join Moelis to manage funds that will provide capital solutions to middle market companies owned by private equity sponsors.

Moelis is an investment bank based in New York. Freeport Financial provides investment managing and financial solutions to middle market companies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.