Kirkland & Ellis advised Fortress Credit Corp. on providing a $75 million private credit financing to a wholly-owned subsidiary of Tiptree Inc. (Nasdaq: TIPT), a NASDAQ listed company that allocates capital to select small and middle market companies with the mission of building long-term value. Tiptree plans to use the proceeds to fund working capital. The transaction closed on February 7, 2025.
The deal was led by Kirkland’s Credit Opportunities practice, which integrates the Firm’s leading debt finance and capital markets practices with its top-tier global M&A and restructuring practices in order to facilitate cutting-edge advice in connection with customized capital structure solutions and credit investments.
The Kirkland team included debt finance lawyers H.T. Flanagan, Dave Nemecek, Daly Brower and Chris Levin; corporate lawyer Adam Wojcik; and tax lawyers Mark Schwed and Maria Smith.
