Alterna Equity Partners completed a follow on $15 million preferred equity investment to its initial investment in Alterna Capital Solutions.

In conjunction with new lending syndicate commitments, Alterna’s investment will provide the company with a $105 million balance sheet. Alterna’s founder, Robert Konrad, joined forces with Stan Carpenter, Alterna Capital Solutions’ founder and CEO, in 2018 to create an accounts receivables financing company for funding small and medium-sized enterprises (SMEs).

Headquartered in Winter Park, FL, with offices in Atlanta, San Francisco and Denver, Alterna Capital Solutions has purchased more than $497 million in total receivables since its launch in 2018.

“Alterna is excited to have the opportunity to continue it’s work with ACS to bring additional financial and managerial resources to continue to build a best in class organization providing an attractive service focused offering to clients. The company is well capitalized and uniquely positioned to help SMEs navigate the economic impact from COVID-19,” Konrad said.

Alterna Equity Partners, founded by Konrad in 2006, is a private equity investment firm based in South Florida.