KBRA subsidiary acquires digital news service DLD
KBRA analyticsa subsidiary of Kroll Bond rating agency (KBRA), has acquired a digital information service Direct Credit Transactionswhich provides investors and lenders with transactional data reporting, news and analysis in the direct lending sector.
The acquisition will enable KBRA Analytics to provide its clients with insights into the rapidly growing $1 trillion direct lending sector. DLD offers Analysis, data insights, news and industry rankings focused on the lower and mid-tiers of private equity financing and covering jumbo private loans of $1 billion or more.
KBRA Analytics’ acquisition of DLD was quietly closed on Aug. 31 for an undisclosed sum, KBRA announced.
DLD was founded by Kelly Thompson who has covered the leveraged finance market for two decades and has created a comprehensive database of business development firms (BDC). Under her leadership, DLD has built long-term relationships with key investors and originators to provide news and analysis on funding structures, BDCs and private credit movers.
“I look forward to taking DLD to the next level with the KBRA Analytics team,” said Thompson. “We share the same vision for growth opportunities in the private credit industry.”
Chicago-based DLD, which was founded in 2019, recently hired Rachel McGovern as editor and head of its European office based in Dublin, Ireland. It begins by covering the European direct lending market, “which is following the same growth trajectory as the US market,” according to KBRA’s announcement of the transaction.
“As the personal loan space expands, DLD and KBRA Analytics are a perfect team to bring world-class data and reporting to the market,” said Jim Nadler, President and CEO of KBRA. “We will leverage Kelly Thompson’s deep knowledge to continue to provide the market with unparalleled service.”
DLD has now become part of the KBRA Analytics Platform, which provides its clients with high-quality data and advanced analysis on financial institutions and the corporate and structured finance markets, including the residential mortgage-backed securities sector. its parent company, KBRAis supported by Parthenon capitalwhich the bond rating agency bought for $900 million in late 2021.