Finance industry veterans Daniel O’Rourke and James Cullen have partnered with Blackburn Investment Management to launch Burnley Capital.
The lower middle-market asset-based lending platform supports businesses that seek funding for their operations, acquisitions and restructuring activities.
The firm offers $1 million to $25 million credit facilities in asset-based revolvers, term loans and special situation financing for qualified businesses in the U.S.
Burnley addresses capital needs for companies historically served by banks, but that have been left with limited options in recent years due to tighter regulations at banks and the trend of incumbent non-bank lenders gravitating toward larger transactions.
“The experience of our team and our investment in scalability and systems are critical aspects of effectively managing risk and providing best-in-class service to our borrowers and investors,” says O’Rourke, “Whereas many asset-based lending platforms focus on accounts receivable-only facilities, our strength is lending on multiple asset classes in the same facility, including accounts receivable, real estate and M&E.”
O’Rourke comes with 22 years of experience in lending capital, having held senior management positions where he grew platforms from inception to maturity, funding 325 separate loans totaling more than $9 billion in commitments. Co-founder Cullen is a nationally recognized middle market executive and board adviser who has managed and led 100+ business transitions and reorganizations. Throughout his career, he has successfully evaluated strategic alternatives, business transitions, reorganizations and transactions for public and private companies.
As an independent asset manager, Burnley, based in Boston and Minneapolis, serves institutional investors, banks, family offices and high net worth individuals. Burnley sources loan opportunities primarily in the senior secured arena, and is uniquely positioned to provide its investors with asset growth while prioritizing the preservation of capital. For its capital business partners, Burnley delivers information technology, risk management, diligence, originations, corporate development, relationship management and portfolio management capabilities.
