Overland Advantage Continues to Differentiate Itself in Providing Custom Financing Solutions to Middle Market Companies

Rhea-AI Summary

Wells Fargo's (NYSE:WFC) Overland Advantage, a business development company leveraging a strategic partnership between Centerbridge Partners and Wells Fargo, has demonstrated significant growth in providing custom financing solutions. Year-to-date, Overland has financed nine new transactions worth $2.0 billion, bringing their total deal value to $4.8 billion across 16 transactions since Q2 2024.

The company has independently structured and led approximately 95% of its credit facilities. Notable transactions include financing for Hand Family Companies, Jones Industrial Holdings, Southern Crown Partners, Sunset Distributing, USG Water, and various other regional businesses across different sectors.

Positive

• Financed 9 new transactions worth $2.0 billion YTD 2025
• Total aggregate deal value of $4.8 billion across 16 transactions since Q2 2024
• High independence with ~95% of credit facilities self-structured and led
• Successful execution despite challenging market conditions

Negative

• None.

Insights

Financial Services Analyst

Overland Advantage demonstrates strong execution in middle market lending with $2B in new deals YTD, showcasing Wells Fargo's private credit strategy.

Overland Advantage is showing impressive traction in the private credit space, arranging $2 billion across nine new transactions year-to-date and reaching $4.8 billion in total deal value since beginning operations in Q2 2024. The BDC has independently structured and led approximately 95% of its credit facilities, indicating strong origination capabilities rather than just participating in deals arranged by others.

This strategic partnership between Centerbridge Partners and Wells Fargo represents a significant push into the rapidly growing private credit market, which has expanded as traditional banks have pulled back from certain lending activities post-financial crisis. The high percentage of Overland-led deals suggests the platform is successfully positioning itself as a lead arranger rather than just a capital provider.

The transaction details reveal a focus on essential service providers in stable industries including distribution, industrial services, and utilities infrastructure. This portfolio composition indicates a conservative credit strategy targeting businesses with recurring revenue models and hard assets, which typically perform more reliably through economic cycles.

For Wells Fargo, this partnership represents an innovative approach to maintain relevance in middle market lending while addressing regulatory constraints on bank balance sheets. By combining Wells Fargo's origination network and banking products with Centerbridge's alternative asset management expertise, they've created a competitive offering in the increasingly crowded direct lending space.

The strategic value of this partnership lies in Wells Fargo's ability to offer comprehensive financing solutions beyond what a traditional bank could provide alone, potentially strengthening client relationships and generating fee income without the capital requirements of holding these loans on their own balance sheet.

NEW YORK, July 21, 2025 /PRNewswire/ -- Year-to-date, Overland Advantage ("Overland"), a business development company (BDC) with a differentiated direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo & Company ("Wells Fargo"), financed nine new transactions, arranging capital with an aggregate value of $2.0 billion.

Through solutions provided by Overland and Wells Fargo, companies secured unique, flexible and cost-effective financing solutions to help advance their strategic objectives alongside supportive banking products from Wells Fargo. These transactions bring the total aggregate value of Overland and Wells Fargo deals to $4.8 billion across 16 transactions since Overland began investing in Q2 2024, and since inception, Overland has independently structured and led ~95% of the credit facilities that it has invested in.

"Despite a competitive environment and challenging market conditions, Overland – an innovative platform that draws on the complementary capabilities of both Centerbridge and Wells Fargo – has successfully delivered for borrowers since inception," said Gavin Baiera, CEO and Trustee of Overland Advantage and Senior Managing Director at Centerbridge. "Our progress reflects the thoughtful execution of our vision, the creative nature of our direct lending solutions, and the strength of our relationship with Wells Fargo."

"In less than one year, Overland has built a strong reputation among middle market companies seeking capital," said David Marks, Executive Vice President at Wells Fargo Commercial Banking. "Our relationship managers and clients have embraced Overland as a powerful private credit tool to support their most important transactions."

The transactions Overland and Wells Fargo have completed year-to-date in 2025 include:

• Led a term loan for Hand Family Companies, a wholesaler based in the Midwest and East South-Central regions
• Led a first lien credit facility for Jones Industrial Holdings, a provider of industrial maintenance and repair services based in the Southwest.
• Led a term loan for Southern Crown Partners, a beverage distributor in the Southeast
• Led a first lien credit facility for Sunset Distributing, a distribution platform serving the West Coast market
• Led a first lien credit facility for USG Water, a service provider focused on maintaining water infrastructure assets
• Led a first lien credit facility for an energy management provider based in the Northeast
• Led a first lien credit facility for an industrial maintenance provider based in the Midwest

About Overland Advantage

Overland provides innovative lending solutions to founder, family and sponsor-owned middle market companies in North America and allows businesses to pursue their most important strategic goals. 

Overland benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, a leading commercial bank in the U.S. Overland borrowers can benefit from more seamless access to Wells Fargo's differentiated treasury management, investment banking services and senior bank capital and Centerbridge's leading private and alternative credit investment capabilities. Overland offers a unique, relationship-driven solution to meet the capital needs of privately owned middle market businesses, many of which have limited connectivity to private credit solutions.  

Overland is advised by Overland Advisors, LLC, which is managed by Overland Advisors Holdings, LLC, a controlled affiliate of Centerbridge Partners, L.P.  and an entity in which Wells Fargo has a significant, non-controlling minority equity investment. 

For more information about Overland, visit www.overland-advantage.com. 

About Wells Fargo 

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.0 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune's 2025 rankings of America's largest corporations.

News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com LinkedIn: https://www.linkedin.com/company/wellsfargo

Contacts
Kekst CNC
Jeremy Fielding / Anntal Silver / Daniel Hoadley
overland@kekstcnc.com

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SOURCE Overland Advantage

FAQ

What is the total value of deals completed by Overland Advantage in 2025?

Overland Advantage has completed nine new transactions with an aggregate value of $2.0 billion year-to-date in 2025.

How many transactions has Overland Advantage completed since its inception?

Since beginning operations in Q2 2024, Overland Advantage has completed 16 transactions with a total value of $4.8 billion.

What percentage of credit facilities does Overland Advantage independently structure?

Overland Advantage has independently structured and led approximately 95% of the credit facilities it has invested in since inception.

What types of companies has Overland Advantage provided financing to?

Overland has provided financing to various companies including Hand Family Companies, Jones Industrial Holdings, Southern Crown Partners, Sunset Distributing, USG Water, and other regional businesses across different sectors.

What is Overland Advantage's relationship with Wells Fargo (WFC)?

Overland Advantage is a business development company that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, providing unique and flexible financing solutions alongside Wells Fargo's banking products.