Saratoga Investment Corp. (NYSE:SAR), a business development company that provides debt financing and equity capital to midmarket companies in the U.S., has selected DealCloud as its deal and relationship management platform. The firm will leverage DealCloud to automate day-to-day relationship management and centralize its deal flow, relationships, and interactions. DealCloud will also help the firm manage its growing network to facilitate more efficient daily operations and processes.
“Our industry research generated strong recommendations for DealCloud in the private equity and direct lending marketplace prior to starting the evaluation process,” said Richard Petrocelli, Managing Director at Saratoga Investment Corp. “During the selection process and through implementation, we’ve seen how DealCloud will revolutionize the way we track our relationships and processes to give more time back to the team.”
The professionals at Saratoga Investment have spent their careers in the midmarket, leading and managing all aspects of the capital investment process. The firm’s senior investment professionals have more than 200 years of combined experience investing in more than $4 billion in midmarket businesses.
Saratoga Investment makes capital investments in leveraged buyouts, recapitalizations, growth financings, acquisition financings, and transitional financings. It seeks to invest in a variety of industries including business services, education, healthcare, environmental services, financial services, specialty food and restaurant retailers, consumer services, tech-enabled services, and media management software sectors.
“We’re very excited to partner with Saratoga Investment Corp.,” said Ben Harrison, President of Financial Services at DealCloud. “Saratoga takes a solutions-oriented approach to investing, and we believe the DealCloud platform will help the firm better manage deals and relationships so that it can continue to provide long-term value to its companies.”
DealCloud, by Intapp, provides a single-source deal, relationship, and firm management platform that enables firms to power their dealmaking process from strategy to origination to execution. We offer fully configurable solutions purpose-built for the complex relationships and structures of private equity and growth capital firms, investment banks, private and publicly traded companies, debt capital providers, and other investors. For more information, visit dealcloud.com.
About Saratoga Investment Corp.
Saratoga Investment is a specialty finance company that provides customized financing solutions to U.S. midmarket businesses. The company invests primarily in senior and unitranche leveraged loans, mezzanine debt, and equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations, and growth initiatives in partnership with business owners, management teams, and financial sponsors.
Saratoga Investment’s objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments. Saratoga Investment has elected to be regulated as a business development company under the Investment Company Act of 1940 and is externally managed by Saratoga Investment Advisors, an SEC-registered investment advisor focusing on credit-driven strategies. Saratoga Investment owns two SBIC-licensed subsidiaries and manages a $650 million collateralized loan obligation (“CLO”) and a joint venture (“JV”) fund. It also owns 52% of the Class F and 100% of the subordinated notes of the CLO, and 87.5% of both the unsecured loans and membership interests of the JV. The company’s diverse funding sources, combined with a permanent capital base, enable Saratoga Investment to provide a broad range of financing solutions. For more information, visit saratogainvestmentcorp.com.