Chicago Atlantic served as the sole arranger and administrative agent on a $30 million senior secured credit facility to Hugo, a Chicago-headquartered provider of high-judgment business process outsourcing (BPO) and AI operations services. The financing will support Hugo’s strategic roll-up of specialized BPO and call center platforms, expanding its global delivery footprint and service depth.
“Hugo has earned a strong reputation for delivering high-judgment operational support to some of the world’s leading technology platforms,” David Enright, partner and head of direct lending at Chicago Atlantic, said. “Their ability to combine speed, precision and scale has made Hugo a trusted partner for mission-critical initiatives.”
Kirill Pesterev, chief corporate development officer of Hugo, said, “This financing marks a significant milestone in Hugo’s evolution. With Chicago Atlantic as a partner, we are accelerating our strategy to acquire and integrate high-quality BPO platforms that share our commitment to elite talent, operational excellence and long-term client partnerships. As demand for high-judgment, AI-adjacent operations continues to grow, this capital enables us to scale responsibly while preserving the standards our clients expect.”
