Fifth Third and Eldridge Announce Strategic Private Credit Partnership to Enhance Clients' Financing Options

Fifth Third Bancorp and Eldridge have formed a private credit partnership to offer clients reliable private credit solutions. The partnership aims to enhance their ability to meet emerging and evolving needs. Fifth Third Commercial Banking head Kevin Khanna stated that the partnership will unlock new opportunities and empower clients to pursue strategic opportunities with confidence. Eldridge Co-President Nicholas Sandler added that the partnership reflects a shared dedication to excellence and a natural evolution of their engagement.

Fifth Third Bancorp (NASDAQ: FITB) and Eldridge have announced a strategic partnership to offer private credit arrangements to Commercial Bank clients. This collaboration aims to enhance both entities' ability to meet emerging and evolving financial needs, providing reliable private credit solutions to clients.

Kevin Khanna, head of Commercial Banking at Fifth Third, stated that the partnership will unlock new opportunities and empower clients to pursue strategic opportunities with confidence. Nicholas Sandler, Co-President of Eldridge Capital Management, noted that the partnership reflects a shared dedication to excellence and a natural evolution of their engagement.

The program leverages the complementary strengths of Fifth Third and Eldridge to deliver flexible, forward-looking financing solutions. This initiative is expected to create new opportunities and deliver measurable value for clients and stakeholders.

Fifth Third, with a history dating back to 1858, is known for its innovation and commitment to ethical practices. Eldridge, with over $70 billion in assets under management, focuses on diversified credit, GP solutions, real estate credit, and sports & entertainment, among other investment strategies.

This partnership underscores both companies' commitment to innovation, strategic growth, and long-term value creation. The agreement strengthens their relationship, which began with Fifth Third supporting Eldridge's asset-based credit growth through building a market-leading large ticket equipment finance origination platform.

References:
[1] https://www.stocktitan.net/news/FITB/fifth-third-and-eldridge-announce-private-credit-mium7milp3wl.html
[2] https://www.marketscreener.com/news/fifth-third-and-eldridge-announce-private-credit-partnership-ce7c5fd9d180f62c