7RIDGE completed the acquisition of American Financial Exchange.

7RIDGE, a specialized growth equity firm, completed the acquisition of American Financial Exchange, an electronic exchange for direct lending and borrowing for American banks and financial institutions. Financial terms were not disclosed. "We see a great opportunity to deliver on the full potential of the infrastructure that AFX has built and the groundwork it has laid over the years. There is an ever-increasing demand for credit-sensitive rates, especially in the current macroeconomic environment. We look forward to working with the AFX team and members to make this exciting vision a reality," Carsten Kengeter, 7RIDGE Founder.