On Thursday, the Digital Currency Group (DCG) announced that it has raised $600 million in a new credit facility, making its debut into the debt capital markets. The debt funding round was led by private equity firm Eldridge.
The company stated that the increase, which provides DCG with a credit facility enabling it to draw on as needed, “enhances DCG’s strategic, operational, and financial capabilities” by lowering its cost of capital and boosting the development of its investment portfolio and fully owned enterprises.
— Marcus (@marcswane) November 18, 2021
Davidson Kempner Capital Management, Francisco Partners, and Capital Group were among the investors in the round. The firm intends to use the