Liquidity Closes up to $450 Million additional Credit Facility, dedicated to North American Market, anchored by KeyBank
Liquidity, the global multibillion dollar AUM asset manager specializing in growth-stage private credit, today announced the closing of a structured credit facility of up to $450 million. The facility is anchored by senior debt from KeyBank (NYSE:KEY), with the remaining facility populated with mezzanine and equity. The initial commitment from KeyBank is $75 million, which is expected to scale to $250 million, and is aimed at supporting the expansion of Liquidity's lending capabilities in the US market. Leveraging its proprietary AI-enabled investing platform, Liquidity will use the facility to originate credit deals with growth and late-stage technology companies.
"The credit facility with KeyBank is a vote of confidence in Liquidity as we expand our blueprint in North America," said Ron Daniel, Co-Founder and CEO at Liquidity. "The US is the leading ecosystem for startup innovation, and we're well positioned to deploy flexible capital solutions with unmatched speed to late-stage tech companies in the market. We value KeyBank's partnership and look forward to delivering on the opportunity for our investors."
The transaction marks the first time that Liquidity has partnered with a bank based in the United States after a fantastic growth rally in EMEA, APAC and MENA regions over the last few years. The firm originates, underwrites and monitors investments using an in-house AI and machine learning platform, with an industry-leading loss rate of 0%. Liquidity will continue to provide cost effective credit ranging from $10 million to $150 million to growth stage tech companies, globally.
"The US market has an abundance of well-performing growing tech companies looking for flexible capital partners. With our AI-driven decision-making, Liquidity can deliver speed and flexibility to borrowers and data-driven certainty to investors," added Daniel.
"We're pleased to support Liquidity with this credit facility as they continue to grow in the US market, targeting the opportunity within late-stage technology," said Rian Emmett, Segment Head of KeyBank Specialty Finance Lending.
The announcement follows a series of successful transactions in the last 12 months with leading global companies such as InMobi, HungryPanda, Infra.Market and SumUp. Liquidity is already backed by leading financial institutions such as Mitsubishi UFJ Financial Group (MUFG), Spark Capital, IDB and others.
About Liquidity
Liquidity is the leading AI-driven asset management firm globally. With multiple credit funds and facilities, as well as a growth equity arm in Singapore focused on North America, Asia-Pacific, Europe and the Middle East, Liquidity operates globally, with offices in London, New York, Singapore, Tel-Aviv, Abu Dhabi and San Francisco. The firm's patented machine learning and decision science technology enables it to deploy more capital through more deals faster than any firm in capital markets history, establishing it as the fastest-growing provider of credit and equity financing to mid-market and late-stage companies. Liquidity is backed by leading global financial institutions including Japan's largest bank, MUFG, Spark Capital and KeyBank. For more information, visit www.liquidity.com.
About KeyCorp
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $187 billion at December 31, 2024. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,100 branches and more than 1,400 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
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