11:34 AM EDT, 05/13/2024 (MT Newswires) -- Raymond James said Monday it is expanding its investment banking division by partnering with Eldridge Industries and Raymond James Bank to provide private credit solutions to portfolio companies of private equity firms.

The joint venture, Raymond James Private Credit, combines Raymond James Bank's lending expertise, Raymond James' investment banking platform, and Eldridge's asset management and capital markets expertise, the company said.

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