EBSC Lending closed more than 27 real estate transactions in 2023 bringing total commitments to real estate borrowers to more than $427 million. Throughout 2023, EBSC Lending supported the financing and growth initiatives of existing borrowers while also closing transactions with 16 new borrowers, including 7 new borrowers in Q4 '23, a record for the firm.
EBSC Lending portfolio has grown to consist of 171 borrowers across more than 41 private equity sponsors and over 15 subsectors. The reliability and breadth of EBSC Lending’s execution and funding capabilities along with its tenured relationships with private equity sponsors enabled the firm to grow its portfolio to 171 borrowers in 2023, a 31% percent increase over 2022. The firm maintains one of the largest portfolios of middle market companies in the industry.
"While 2023 was an unprecedented year in many respects, we experienced a significant increase in new deal activity. When new market opportunities slowed significantly, we maintained a steady flow of activity as we continued to execute on behalf of our existing borrowers. We are excited to carry the momentum from the end of 2023 into 2024 and make it the strongest year in our history." said Aaron Donovan, senior vice president for EBSC Lending.