Renn Global Secures $100m commitment from Global Institution for global credit business continued expansion.
Renn Global, a leading private technology investor across venture growth equity and private credit (specialty finance, venture debt) has secured a $100m USD extension of its capital partnership with a leading global internet finance institution.
"Renn is delighted to continue our disciplined asset origination business in the specialty finance private credit space where we have a unique expertise in the venture technology ecosystem. With 0 losses to date and millions in DPI to our partners at rates of return north of 10% per annum, we are excited to expand our business into larger opportunities with new capital partners," states Erik Ford of Renn Global Management LLC.
Since 2018, in conjunction with its partner, Renn has facilitated more than $210m in commitments across private credit to venture backed technology companies providing innovative asset financing solutions. Such solutions areas include:
This commitment from Renn's institutional capital partner of 7 years represents a continuation of trust and stewardship by Renn to provide institutional grade solutions to its investor partners through deep expertise in the technology innovation ecosystem.