The asset-based lending business of CIT, a division of First Citizens Bank, arranged a senior secured credit facility for FPA WhiteHawk III-Plus Master Fund to facilitate the fund’s investments.
The FPA WhiteHawk Fund seeks to earn returns by sourcing and structuring asset-based loans to private and public companies. The credit facility leverages the fund’s existing portfolio and provides capital for future growth.
“CIT has a longstanding reputation as a premier asset-based lender,” Robert Louzan, president of WhiteHawk Capital Partners, said. “We appreciated their expertise and agility in arranging this credit facility to support the fund’s growth.”
“The fund’s portfolio managers from WhiteHawk Capital and its investment adviser, First Pacific Advisors LP, are well-recognized in the industry for their success in identifying attractive asset-based lending targets,” Chris Esposito, managing director and group head for CIT’s asset-based lending business, said. “We were pleased to arrange this credit facility and look forward to supporting future opportunities as they arise.”
