Aflac Global Investments (AGI), the asset management subsidiary of Aflac Incorporated, has agreed to acquire a stake in San Francisco-based lower middle-market direct lender, Tree Line Capital Partners. The structure of the deal provides AGI with a 40 percent interest in the company upon closing. In addition, Aflac is making a multiyear commitment to allocate a portion of its annual investable cashflow to Tree Line.
Tree Line was founded in 2014 by Tom Quimby and Jon Schroeder, managing partners, with initial backing by funds managed by Stone Point Capital. The firm currently manages $2.7 billion in assets and specializes in direct lending to the lower middle market. Tree Line has committed $5.0 billion in more than 360 investments since inception. Tree Line will retain investment and operational autonomy, with Quimby and Schroeder continuing to manage the business and serving on its board of directors.
“We are pleased to announce this strategic partnership with Tree
