Liberty Mutual backs Elda River with $500m credit tie up

Liberty Mutual Investments (LMI) and Elda River Capital Management are partnering to deploy $500m (£377.2m) in credit investments, building on a relationship the two firms already have. The arrangement lets Elda River extend more senior credit financing to middle-market borrowers. Its core sectors are energy efficiency, power and renewables, and energy and infrastructure.

Elda River has committed $7.5bn across more than 70 private investments. LMI has invested over $130bn on behalf of Liberty Mutual Group. John Kim, LMI's head of alternative credit, also commented on the tie-up.