Raymond James Investment Banking Establishes Credit Finance Business Unit
ST. PETERSBURG, Fla. – Raymond James announces the creation of a new Credit Finance business unit to serve its middle market clients with fully committed, high-quality lending services through its partnerships with several trusted, well-established industry credit investors managing billions in client assets.
“We have launched this new business unit in order to meet the increasing demands of our private equity and public company clients for this particular type of financing,” said Raj Singh, vice chairman of Raymond James Investment Banking and head of the new group. “We identified and have partnered with some of the industry’s most respected credit investors – funds managed by BlackRock, Invesco, Benefit Street Partners and Angel Island Capital, to help our clients achieve their business objectives.
“By blending our firm’s powerful investment banking and equities platform with our team’s expertise in the areas of deal financing – for acquisitions, recapitalization, dividend recapitalization, refinancing and growth capital – we can move quickly and efficiently in securing low-cost, fully committed capital, while relieving clients of many of the typical burdens of this type of financing.”
“The quality of our financing partners and their individual and collective capacity, when combined with the breadth and quality of the Raymond James platform, including Raymond James Bank, makes this a truly differentiated middle market-focused product,” added Robert Miller, chief operating officer for Raymond James Global Equities and Investment Banking (GEIB). “We believe this group of lenders, along with our origination capabilities and extensive private and public company relationships, can quickly and consistently commit $50-$300 million per transaction, on a recurring basis.”
The team will be led by Singh who has over 20 years of experience, 17 with Raymond James. Previously, he was head of its Private Capital Solutions group and has completed more than 150 transactions including over $5 billion in debt placements.
“This is an important, strategic initiative for the Global Equities and Investment Banking platform,” said Jim Bunn, co-president of GEIB, “and provides a critical growth-oriented competency in conjunction with a high quality partnership with extensive collective capacity to extend the range of capabilities we can offer our middle market clients.”
About Raymond James Investment Banking
Raymond James Investment Banking offers highly regarded capital formation and financial advisory services. Since 2015, we have participated in raising nearly $140 billion in capital for our corporate clients and completed more than 450 advisory assignments, including more than 390 M&A buy-side or sell-side advisory assignments.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 7,800 financial advisors in 3,100 locations throughout the United States, Canada and overseas. Total client assets are $790 billion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com. Raymond James & Associates, Inc., member New York Stock Exchange/SIPC.