Wells Fargo and Centerbridge Venture Has Inked $7 Billion in Deals

A direct-lending venture between Wells Fargo & Co. and Centerbridge Partners said it has put together more than $7 billion of deals since its launch less than two years ago, offering a rare glimpse into how banks and private credit lenders are leveraging these partnerships.

The business development company, called Overland Advantage, said it provided the financing for US middle-market companies, the majority of which are founder and family owned, according to a statement. For 2025 specifically, it closed 18 transactions for about $4 billion, including for project management software business Tempo and luxury membership club, Exclusive Resorts.