Private Credit Lends $574 Million for Standish Stake Sale to THL
- HPS, Neuberger Berman, Stone Point are providing financing
- THL is buying a majority stake in Standish Management
Private credit lenders are providing a $574 million debt package to help finance Thomas H. Lee Partners LP’s acquisition of a majority stake in Standish Management, according to people with knowledge of the matter.
Firms including HPS Investment Partners, Neuberger Berman, and Stone Point Capital are part of the financing, said the people, who asked not to be named because details of the transaction are private.
