Liquidity secures $450M facility to scale U.S. lending activity
Liquidity has closed a $450 million structured credit facility, led by KeyBank, to expand its private credit operations across the U.S. tech lending market.
Elena Whitmore 
First U.S. banking partnership marks shift in Liquidity’s strategy
Liquidity, a global asset manager focused on private credit for growth-stage companies, has finalized a new $450 million structured credit facility to strengthen its position in the North American market. The facility is anchored by a $75 million senior debt commitment from KeyBank, with the potential to scale up to $250 million. Additional funding has been provided through mezzanine and equity investments.
This transaction marks Liquidity’s first credit facility involving a U.S.-based bank, signaling a strategic shift for the company, which has previously grown its presence in EMEA, APAC, and MENA regions. The funding will support Liquidity’s U.S. expansion as it targets late-stage technology firms seeking flexible capital solutions outside traditional venture financing routes.
AI-driven credit platform at the core of operations
Liquidity leverages a proprietary AI-powered platform to originate, underwrite, and monitor credit deals. This system enables the firm to assess risk, price transactions, and make investment decisions with high speed and precision. The platform has contributed to what the company reports as an industry-leading loss rate of 0%.
In a statement about the new facility, Ron Daniel, Co-founder and CEO of Liquidity, said: “The credit facility with KeyBank is a vote of confidence in Liquidity as we expand our blueprint in North America. The U.S. is the leading ecosystem for startup innovation.” He added that the company is well-positioned to offer “flexible capital solutions with unmatched speed” to late-stage tech companies.
The credit lines will be used to issue deals ranging from $10 million to $150 million, with a focus on growth-stage businesses in sectors underserved by traditional lenders.
Global momentum continues with new U.S. focus
Over the past year, Liquidity has completed multiple notable transactions with firms including InMobi, HungryPanda, Infra.Market, and SumUp. It is backed by global financial institutions such as Mitsubishi UFJ Financial Group (MUFG), Spark Capital, and IDB.
The facility also reinforces KeyBank’s commitment to expanding its specialty finance operations. Rian Emmett, Segment Head of KeyBank Specialty Finance Lending, commented: “We’re pleased to support Liquidity with this credit facility as they continue to grow in the U.S. market, targeting the opportunity within late-stage technology.”
With this move, Liquidity aims to deepen its footprint in the U.S. while continuing to provide cost-efficient and responsive capital options to technology companies worldwide.
