In November 2020, SLRC acquired a majority interest in Kingsbridge Holdings (“Kingsbridge”), complementing the Company’s suite of diversified specialty finance strategies. Kingsbridge is a majority-owned portfolio company of SLRC and is a leading independent lessor of information technology, industrial, healthcare, and commercial essential-use equipment to a diverse set of predominantly investment grade borrowers.
Kingsbridge was founded in 2006 by a highly experienced senior management that has underwritten over $1 billion of leases since inception. Previously, the Kingsbridge management team successfully built and led Relational Funding Corporation/Relational Technology Solutions for 14 years until selling the company in 2005. During SLRC’s two-year loan investment in Kingsbridge, SLRC gained a deeper understanding of the business and developed a good relationship with its distinguished management team.
The addition of Kingsbridge, with its highly experienced team of ~125 full-time employees and scalable infrastructure, further enhances the Company's diversified specialty finance asset classes.