Bastion Management, a private investment firm focused on asset-based lending in the specialty finance sector, agented a $100 million senior debt facility for NexGen Financial to support the continued growth of its portfolio. Bastion Management and Hudson Cove Capital Management provided the funding.
NexGen Financial partners with debt settlement sales affiliates and servicing companies to provide working capital to cover sales and marketing expenses and to enable business growth.
“Bastion’s ability to understand our business was far greater than anyone we had come across prior,” James Shanahan, CEO of NexGen Financial, said. “That understanding translated into a partnership that has taken our business to the next level. We thank Bastion and Hudson Cove as we grow our business and our partnership with both.”
“We are extremely excited about the opportunity to continue our partnership with NexGen and its talented management team,” Tim Reimink, a partner at Bastion Management, said.
