In this Mergers & Acquisitions feature, industry leaders reflect on the evolving private credit landscape. Javier Davila, Principal at o15 Capital Partners, shares why o15 sees continued growth ahead.

In a recent FIN News article, Kenneth Saffold, Managing Partner at o15 Capital Partners, and Angela Miller-May, CIO of the Illinois Municipal Retirement Fund, are interviewed about the growing trend of institutional investors directing capital to Black-owned and led firms—particularly in private markets.

o15, through its EACO fund, provided a $30 million last-out term loan and equity co-investment as part of a $75 million unitranche facility supporting Monetate’s acquisition of SiteSpect. The transaction also refinances existing debt and enables a scaled platform for AI-driven personalization and testing.

o15 backed Simplify Compliance with $28 million in senior secured financing, supporting its continued expansion as a provider of regulatory information and training for complex industries.

o15 closed its inaugural fund with nearly $400 million in total capital, strengthening its ability to invest in lower middle market businesses across healthcare, education, and business services.

$25 million investment from o15 will support the growth of a pediatric-focused dental platform serving Medicaid patients in underserved communities across 15 states.

o15 provided financing and equity to support Line 5 Capital’s investment in ERS, an Atlanta-based provider of recycling and dust collection systems operating in an LMI census tract.

o15 co-led a $43 million facility to support the expansion and acquisition strategy of Echo360, a digital learning platform serving education and workplace training markets globally.

o15 has provided debt financing to support the growth of a specialty physician services platform serving a diverse patient base across low-to-moderate income communities.

o15 received SBA approval for its first SBIC license, enabling access to additional leverage, and announced new hires strengthening both investment and operational capabilities.

o15 has launched as a mission-driven investment firm offering credit and equity to lower-middle-market businesses, with a focus on undercapitalized communities. Backed by Invesco, the firm combines deep experience with a commitment to impact and performance.