Affiliates of Stellus Capital Management provided senior debt financing and an equity co-investment in support of Northlane Capital Partners’ (NCP) investment in Plus Delta Partners (PDP), a provider of specialized fundraising training and tools. NCP invested alongside PDP’s management team, led by CEO Beth Nelson, and its founder, Guy Hart.
“The team at PDP has built a best-in-class platform that addresses critical fundraising challenges for nonprofits,” Scott Kauffman, partner at NCP, said. “As PDP’s first institutional capital partner, we are excited to work closely with Beth and the PDP team to build on their strong foundation and further solidify their leadership in the fundraising solutions space.”
“We are excited to partner with NCP on another transaction and look forward to working with the entire PDP management team,” Colin Baker, managing director at Stellus, said. “We believe PDP’s unique value proposition, combined with NCP’s expertise within training and education sectors, will help drive the next phase of growth.”
