Digital Currency Group (DCG) announced Thursday the completion of a $600 million debt capital raise led by private equity firm Eldridge.
According to a press release released on November 18, the raise, which provides DCG with a credit facility from which the firm can draw as needed, „enhances DCG’s strategic, operational, and financial capabilities by reducing DCG’s cost of capital and fueling the growth of its investment portfolio and wholly-owned subsidiaries,” the company said.
Capital Group, Davidson Kempner Capital Management, and Francisco Partners participated in the deal.
DCG also plans to use the fresh capital influx to finance the growth of its investment portfolio as well as the company’s wholly-owned subsidiaries. The crypto investment firm is the parent company of Grayscale Investments, the largest crypto asset manager with over $50 billion in assets under management.
Thursday’s announcement marks the company’s maiden foray into the debt capital market.
The
We współpracy z: https://www.theblockcrypto.com/linked/124777/dcg-raises-600-million-in-debt-capital-raise?utm_source=rss&utm_medium=rss
