KeyCorp and Blackstone Credit & Insurance Forge Forward Flow Origination Partnership

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KeyCorp (NYSE: KEY) has unveiled a forward flow origination collaboration with Blackstone Credit & Insurance, aiming at Key’s Specialty Finance Lending (SFL) group. SFL, a prominent asset-based lender catering to clients nationwide across various sectors including middle market, growth capital, transportation, and equipment, stands as a cornerstone of this partnership. In their inaugural move, Blackstone and Key sealed a deal on a seed portfolio of middle market fund finance facilities. Key remains committed to originating, retaining, and offering asset management services for new commitments spanning all sectors.

Randy Paine, Head of Key’s Institutional Bank, expressed, “SFL has demonstrated remarkable success over the past 15 years, serving a dynamic client base with escalating financing requirements. Teaming up with Blackstone, a longstanding figure in this domain, will propel business growth and prove mutually advantageous for all stakeholders, particularly our clients.”

Rob Horn, Global Head of Infrastructure and Asset Based Credit at Blackstone, commented, “Key’s SFL group boasts a robust franchise with extensive originator relationships. We are delighted to have concluded this initial transaction and anticipate fostering a thriving relationship with SFL.”