BMO and Canal Road Group Form Strategic Partnership Aimed at Providing Direct Lending to Upper Middle-Market Companies

NEW YORK, Jan. 10, 2025 /PRNewswire/ - BMO (NYSE: BMO) and Canal Road Group ("CRG") today announced they are entering into a strategic partnership. As part of the arrangement, BMO's commitment to CRG will enable CRG to invest up to $1 billion in capital in support of their direct lending strategy.  CRG is an alternative asset manager specializing in originating, underwriting, and managing portfolios of senior secured corporate debt investments for companies in North America sourced largely from sponsors. CR ...