TSL Express Daily News

QED and Sound Point to partner to provide bespoke debt and receivables financing to growth stage technology companies

NEW YORK--(BUSINESS WIRE)--QED Investors (QED), a global leading boutique venture capital firm focused on investing in early stage, disruptive financial services companies, announced today that it is forming a partnership with Sound Point Capital Management, LP (Sound Point), a leading alternative asset manager with expertise in the credit space, to create a new asset management business focused on providing debt and receivables financing solutions to early stage FinTech companies.

The partnership will provide credit solutions of $10-200 million to companies operating in payments, revenue funding, e-commerce, banking, earned-wage access and property technology.

QED Co-Founder and Managing Partner Nigel Morris said, “The relationship with Sound Point will provide creative debt and hybrid financing solutions for QED-backed and other great management teams to scale their businesses and reach their full potential as quickly as possible.”

“Sound Point is delighted to partner with QED to provide financing to venture-backed FinTech businesses”, said Stephen Ketchum, Founder and Managing Partner of Sound Point. “We believe this is a natural product extension for both of our businesses and leverages our respective core competencies.”

Added Philip Bartow, Portfolio Manager and Head of Sound Point’s Specialty Finance and FinTech Lending practice: “We are thrilled to formalize the relationship with QED. We found that Sound Point and QED had existing synergies, so this partnership is a natural progression for our teams. We are proud of the collateral-centric underwriting approach we have built in lending to fast-growing FinTech companies and look forward to partnering with additional management teams under the QED umbrella.”

About QED Investors

QED Investors is a global leading boutique venture capital firm based in Alexandria, Va. Founded by Nigel Morris and Frank Rotman in 2007, QED Investors is focused on investing in early stage, disruptive financial services companies in the U.S., U.K., Latin America and Southeast Asia. QED Investors is dedicated to building great businesses and uses a unique, hands-on approach that leverages our partners’ decades of entrepreneurial and operational experience, helping their companies achieve breakthrough growth. Notable investments include AvidXchange, Bitso, ClearScore, Current, Creditas, Credit Karma, GreenSky, Kavak, Klarna, Konfio, Loft, Mission Lane, Nubank, QuintoAndar, Remitly and SoFi.

About Sound Point Capital Management, LP

Sound Point is an alternative asset management firm founded in 2008 with particular expertise in credit strategies. Based in New York, with offices in London, the firm manages money on behalf of institutional investors including top-tier pensions, foundations, insurance companies, wealth management firms and family offices. Sound Point has deep investing expertise across various credit strategies, including performing credit, stressed and distressed investing, alternative lending, direct lending, structured products, specialty financing and commercial real estate. Private investors are able to access Sound Point’s strategies through its collateralized loan obligations (“CLOs”), commingled funds, drawdown vehicles and separately managed accounts. Sound Point currently manages approximately $28 billion of assets. Five principals of Stone Point Capital LLC, as well as a third-party permanent capital fund that is managed by the Dyal Capital division of Blue Owl Capital Inc., are strategic investors in our business. For more information, please visit Sound Point’s website at www.soundpointcap.com.

Contacts

Philip Bartow
pbartow@soundpointcap.com
212-468-5781