Owl Rock's Capital has raised almost $1bn to lend to SMEs.The credit fund, which is backed by investors including George Soros, Michael Dell, and Alibaba Group co-founder Joseph Tsai, plans to extend loans from $20m to $250m with maturities ranging between three and ten years, according to a regulatory filing. Owl Rock's joins other alternative lenders such as Apollo Global Management and Oaktree Capital Group that plan to help fill the gap in the market created as banks retreat from this space.
Owl Rock Capital has raised almost $1bn to lend to SMEs.The credit fund, which is backed by investors including George Soros, Michael Dell, and Alibaba Group co-founder Joseph Tsai, plans to extend loans from $20m to $250m with maturities ranging between three and ten years, according to a regulatory filing. Owl Rock joins other alternative lenders such as Apollo Global Management and Oaktree Capital Group that plan to help fill the gap in the market created as banks retreat from this space.