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Phoenix Merchant Partners, LP, an independent alternative asset manager, has announced a strategic relationship with Texas Capital Alternative Asset Management to target the core middle market.
The partnership centers on Phoenix's launch of Spurstone Credit, a perpetual-life, non-traded closed-end credit fund seeded by institutional anchor investors.
A New Credit Vehicle Aimed at an Underserved Segment The core middle market has long sat in an awkward gap — too large for community bank balance sheets, too small to command the attention of the largest direct lenders crowding the upper middle market.
Spurstone Credit is structured to address that gap directly.
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