Sumitomo Corporation of America (SCOA) and Welsh, Carson, Anderson & Stowe have jointly committed $460 million to Oxford Finance. The specialty finance firm will use the capital to expand its base and support its origination and portfolio growth. SCOA and its parent company, Sumitomo, have held Oxford as a majority-owned subsidiary since 2004. Welsh Carson, a $20 billion private equity firm, and SCOA will jointly hold Oxford.

Click here for the release from PR Newswire.