US independent investment bank Moelis & Company has purchased Freeport Financial Partners, an investment manager that caters financing services to middle market companies, in an undisclosed transaction.
The deal strengthens its asset management platform, while enabling Freeport to benefit from the added resources and global reach of a larger organization, according to the acquirer.
Freeport Financial, which underwrites and manages middle market loans, will remain operating from Chicago under the same name.
Following the completion of transaction, Freeport Financial principals including Matthew Gerdes, Josh Howie, Stephen Papalas, and Joseph Walker, will join Moelis.
They will administer the funds, which will offer capital solutions across all sectors to middle market companies owned by private equity sponsors.
Moelis & Company chief executive officer Ken Moelis said, "Freeport will enable us to provide another unique investment opportunity to institutional clients and serve the financing needs of private equity investors, and the management teams they support.
"Building in this space has always been part of our growth strategy as it will enhance our commitment to be a leading global investment bank that is focused on long-term, trusted relationships."
Moelis’ asset management firms include Moelis Capital Partners, Gracie Asset Management, and Moelis Australia Asset Management.