Pennsylvania-based Emerald Asset Management (EAM), which manages approximately US$2.4 billion of assets, has acquired California-based Direct Lending Capital.
Direct Lending Capital has been renamed as Emerald Direct Lending Capital (Emerald DLC) and will be based out of EAM’s headquarters in Leola.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
But Emerald DLC will maintain its Oceanside office, which will serve as the West Coast regional office for Emerald Asset Management.
Emerald DLC will direct client investments in the notes, certificates and loans to be generated by the rapidly growing direct lending market.
As a part of the deal, Four Direct Lending Capital employees namely Howard Freedland, Richard Keller, Simon Leach and Lakshmi Narasimhan will join Emerald DLC.
Emerald DLC will employ a proprietary methodology to screen loans and analyze credit quality, bundling larger numbers of loans together to further reduce risk and diversify investor portfolios.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataJoseph Besecker, chairman and CEO of Emerald Asset Management, said: "We believe that the marriage of Emerald’s institutional investor focus and DLC’s expertise in selecting and managing direct lending portfolios creates a strong opportunity for our newly combined business and its clients."
