Aflac Global Investments, the asset management unit of insurance giant Aflac Inc. (NYSE:AFL), has agreed to buy a 40% stake in Tree Line Capital Partners, a private-credit firm specializing in direct lending to the lower middle market,

The insurance giant is paying about $100 million to acquire a 40% stake in Tree Line Capital Partners.

Aflac Global Investments (AGI), the asset management subsidiary of Aflac Incorporated, announced today that it has agreed to acquire a stake in San Francisco-based lower middle-market direct lender, Tree Line Capital Partners (Tree Line).

Aflac Incorporated AFL is set to acquire a 40% stake in a private credit asset management firm, Tree Line Capital Partners, per The Wall Street Journal. With this move, AFL is likely to capitalize on the thriving private credit market.

Insurance giant Aflac (NYSE:AFL) is making major inroads into the private credit market. The company is picking up a 40% stake in direct lender