Global investment firms continue to see opportunities in the automotive sector.

A day after a move involving a lender that provides credit to consumers, another transaction came to light on Thursday involving a company that provides financial fuel for dealerships.

Independent automotive floorplan financing company Kinetic Advantage announced that it has received a strategic investment from Carlyle and a multi-year forward flow commitment to facilitate the origination of automotive floorplan financing by Kinetic.

According to a news release, this partnership will enable Kinetic to increase its origination capacity and improve access to innovative floorplan financing solutions for U.S. dealers.

Founded in late 2020 and backed by Altamont Capital Partners, Kinetic provides funding for vehicle purchases from nearly all inventory sources, including auto auctions, trade platforms and other wholesale venues.

“We are very pleased to be partnering with Carlyle, a world-class investment firm that brings significant capabilities to Kinetic to drive success for our dealer partners and the company,” Kinetic Advantage CEO Marty McFarland said in the news release.

“Alongside our investment from Altamont, Kinetic is very well positioned with high-caliber partners to grow and innovate, a hallmark of Kinetic’s philosophy,” McFarland continued.

This transaction was led by Carlyle Asset-Backed Finance (Carlyle ABF), a group within Carlyle’s global credit platform focused on private fixed income and asset-backed investments.

Management described Carlyle ABF as a highly experienced team that leverages the knowledge, sourcing, structuring and breadth of the entire Carlyle investment platform to help deliver tailored asset-focused financing solutions to businesses, specialty finance companies, banks, asset managers and other originators and owners of diversified pools of assets.

Carlyle ABF has deployed approximately $8.5 billion since 2021 and has more than $9.5 billion in assets under management as of June 30.

“We’re delighted to partner with Kinetic Advantage and its exceptional team of industry veterans who bring decades of experience and innovation to the floorplan financing sector,” said Akhil Bansal, head of asset-backed finance at Carlyle.

“Kinetic has built a technology-forward platform that’s redefining how independent dealers access capital and we’re excited to help accelerate the growth of the platform,” Bansal added.

Stephens acted as exclusive financial advisor to Kinetic Advantage.