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16.05.2024 15:55:08 - dpa-AFX: Aflac Global Investments To Acquire Stake In TreeLine Capital
WASHINGTON (dpa-AFX) - Aflac Inc. (AFL) Thursday announced that its asset
management subsidiary Aflac Global Investments has agreed to acquire a stake in
San Francisco-based lower middle-market direct lender, Tree Line Capital
Partners.
The deal is structured such that Aflac Global will have a 40 percent interest in
the company upon closing. Further, Aflac will make a multi-year commitment to
allocate a portion of its annual investable cash flow to Tree Line.
Tree Line, founded in 2014, currently manages $2.7 billion in assets and
specializes in direct lending to the lower middle market.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
management subsidiary Aflac Global Investments has agreed to acquire a stake in
San Francisco-based lower middle-market direct lender, Tree Line Capital
Partners.
The deal is structured such that Aflac Global will have a 40 percent interest in
the company upon closing. Further, Aflac will make a multi-year commitment to
allocate a portion of its annual investable cash flow to Tree Line.
Tree Line, founded in 2014, currently manages $2.7 billion in assets and
specializes in direct lending to the lower middle market.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
AFLAC INC. DL -,10 | 853081 | Frankfurt | 82,860 | 03.06.24 08:20:01 | +1,720 | +2,12% | 81,300 | 81,800 | 82,860 | 81,140 |
