Articles from Eldridge

Legion Investment Group, together with its partner AVRS Partners LP, today announced the closing of a $155 million construction loan from Eldridge Real Estate Credit, the real estate investing strategy of Eldridge Capital Management, for 550 West 21st Street, a condominium project that will bring 83 residences to West Chelsea. The milestone coincides with visible progress on site, where concrete superstructure pours have been underway since late September.

Eldridge, an asset management and insurance holding company with approximately $70 billion in assets under management, today announced that its asset management division, Eldridge Capital Management, has priced Eldridge CLO 2025-1, a $500 million collateralized loan obligation (“CLO”). J.P. Morgan acted as lead arranger.

Eldridge Diversified Credit, the private, liquid, and asset-based credit investment strategy of Eldridge Capital Management (“Eldridge”), has announced the renewal and upsizing of its Shreveport, LA terminal lease facility with Calumet, Inc. (NASDAQ: CLMT) (“Calumet” or the “Company”). This transaction increases the assigned value of the subject terminal assets to $120 million and provides $80 million of net proceeds to Calumet to be used to reduce the Company’s outstanding 11.00% Senior Notes due 2026.

Eldridge Capital Management, an alternative investment firm and a division of Eldridge, has appointed Leo van den Thillart as Global Head of Capital Formation and Robert (“Bob”) White as Head of Capital Formation, Americas. The pair’s combined 50 years of experience will be pivotal to the expansion of Eldridge Capital Management’s global investor relationships and capital formation capabilities across key markets.

Eldridge and MRC today jointly announced that they have completed the separation of combined media assets.

The consortium led by Todd Boehly, chairman and CEO of Eldridge, and Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced completion of the ownership transfer of Chelsea Football Club (“Chelsea FC” or “the Club”). The consortium also includes Hansjörg Wyss, founder of the Wyss Foundation, and Mark Walter, co-founder and CEO of Guggenheim Capital. Walter and Boehly are owners of the Los Angeles Dodgers, the Los Angeles Lakers, and the Los Angeles Sparks. The transaction has received all necessary approvals from The Government of the United Kingdom, The Premier League, and other authorities.

Util, a global sustainability data provider measuring the social and environmental impact of companies and investment portfolios, today announced the closing of a seed round led by Eldridge, with participation from Oxford Sciences Enterprises, Cris Conde (former CEO of Sungard Bank), Andy Brown (former CTO of UBS), and Roseann Palmieri (former Head of Enterprise Data Management at Bloomberg LP), among others.

Jennifer Tepper Mackesy, a former elite soccer player at The College of William & Mary, retail executive, and philanthropist, and Todd Boehly, Co-founder, Chairman and CEO of Eldridge, and an owner of the Los Angeles Dodgers, Los Angeles Lakers, and Los Angeles Sparks, have formed a proposed ownership group and entered into exclusive negotiations to purchase a controlling interest in the Washington Spirit of the National Women’s Soccer League (NWSL). The group of new investors includes Jonathan Goldstein, Cain International CEO, and Kendrick Ashton and Craig Dixon, graduates of The College of William & Mary, and Co-founders, and Co-CEOs of The St. James, a Washington, DC-based sports, wellness, and entertainment platform. Together, they expect to enter a strategic relationship with The St. James that will focus on performance training and nutrition for the players, youth soccer programming, and brand partnerships. Mackesy will serve as the club’s Governor for all league matters should the deal close and receive approval from the NWSL Board of Governors.

G-Form, a leader in advanced protective solutions, today announced it has been acquired by Eldridge.