SG Credit Partners launched SG Commercial Finance (SG CF) and hired career ABL executives John Nooney and Mark Pickering to lead the group.
SG Commercial Finance is a new vertical under the SG umbrella formed to originate and manage both asset-based revolving loans as well as asset-backed and cash flow term loans from $5 million to $20+ million in commitment size to companies in a variety of industries. This new division is in addition to SG’s existing software and technology and consumer products divisions.
“Traditional asset-based lending is the foundation of the group, but it is complemented by a suite of term products including asset-backed term loans, guarantor-based term loans and first and second lien cash flow term loans that can be delivered independently or in conjunction with an asset-based loan,” John Nooney, managing director and co-head of SG CF, said. “The goal is to provide clients with more products to choose from unlike most single-product lenders.”
“The addition of SG CF to the SG Credit platform creates the leading lower middle market credit platform with both industry expertise and full product coverage,” Marc Cole, CEO of SG Credit Partners, said. “SG Commercial Finance’s strategy is to bring large-ticket ABL and asset-backed sophistication to the lower middle-market.”
“There is a significant market opportunity to address the gap in the lower end of the credit market, stemming from industry consolidation,” Charlie Perer, head of originations for SG Credit, said. “SG CF stands apart by its ability to solve for complexity, need for multiple products delivered together and special situations where its capital and sophistication are unmatched.”
