NEW YORK – Ares Commercial Finance (“ACF”) announced today that it has expanded its asset based lending (“ABL”) capabilities by adding a Healthcare-focused team. This newly added team will expand an already robust ABL platform with a complementary healthcare focus, broadening the ABL product offerings currently available. The team will be led by Managing Directors Todd Gordon, Dan Berger, and Nathan Brenneman, who have worked together for 20+ years; most recently at Huntington Bank, and previously at Sector Financial (a subsidiary of Credit Suisse), Capital One Bank and CapitalSource Finance.
“We are proud to welcome a seasoned team of industry veterans to spearhead the expansion of our ABL practice to include a targeted focus on the healthcare finance market,” said Ryan Cascade, Partner and Head of Ares Commercial Finance. “These individuals join us as champions of the product and its value to the middle market ABL industry, its sponsors, and borrowers. With their guidance, we look forward to expanding the breadth and depth of our lending capabilities and making significant contributions in an already dynamic industry.”
“Dan, Nate, and I are thrilled to join Ares, with its broad capabilities, resources, reputation, and commitment to client service,” said Todd Gordon, Managing Director and Head of Healthcare ABL. “We are confident that our team’s healthcare ABL expertise, combined with ACF’s industry-leading direct lending platform, will be a welcome solution to companies seeking financing in the middle market healthcare sector.”
