Unitranche Credit Facility

Sector: Software

AB Private Credit Investors (AB-PCI) acted as Joint Lead Arranger and Documentation Agent for a unitranche credit facility to support Welsh, Carson, Anderson, and Stowe (WCAS) and Technology Crossover Venture’s (TCV) acquisition of Avetta.

Avetta provides cloud-based supply chain risk management software that allows enterprises to more effectively manage and qualify service providers performing activities across their global operating sites. The company’s platform connects over 220 enterprise clients to over 55,000 service providers across 100 countries.

WCAS focuses its investment activity in two target industries: technology and healthcare. Since its founding in 1979, WCAS has organized 16 limited partnerships with total capital of over $22 billion.

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This announcement is not a recommendation of, or offer to buy or sell any security or financial instrument.