Allied Capital Corporation has invested $50 million in licensed and private label children's apparel designer Wear Me Apparel Corp.

New York, NY-based Wear Me works with Disney and Nickelodeon, Timberland, Kenneth Cole, and Skechers, and Rocawear and Ecko Unlimited. It also designs and markets a private label brand of children's apparel under its Kids Headquarters brand.

"Wear Me's portfolio of character and brand licenses and private label apparel provide the company with a strong competitive advantage in the marketplace," said Bill Walton, Allied Capital's chairman and CEO.

"The company's experienced management team, balanced product profile, and strong relationships with some of the nation's top apparel retailers make the company an attractive investment for us."