Private credit investment manager WhiteHawk Capital Partners launched in 2020 with a focus on providing asset-based financing solutions to middle market companies in need of liquidity and growth capital.

WhiteHawk is led by managing partners John Ahn, Robert Louzan and Harry Chung, formerly of Great American Capital Partners, also known as GACP, a division of B. Riley Financial. The managing partners were joined by their 10-member investment team.

The team sources, underwrites and lends to public and private companies seeking to provide investors current income and total return coupled with risk-adjusted returns that are counter-cyclical and have a low correlation to the publicly traded credit and equity markets. WhiteHawk’s institutional investors include pensions, family offices, insurance companies and asset managers, and it continues to manage the two funds from its predecessor firm.

Since 2015, the WhiteHawk team has sourced and underwritten 45 investments representing transaction value exceeding $2.7 billion.

WhiteHawk has entered into a strategic relationship with Los Angeles-based First Pacific Advisors. FPA provides operational, compliance and business development support. As of Dec. 31, 2020, FPA manages approximately $26 billion across multiple strategies.

“We are excited for our team to continue to take advantage of what we believe are the best opportunities in the middle market. We believe our repeatable, high conviction underwriting process will allow us to achieve attractive returns regardless of the economic environment or borrowing bases’ performance. Partnering with FPA, given their robust and extensive business support, will allow our team to focus on sourcing, underwriting, monitoring and exiting loans,” Ahn said.

“We have known the WhiteHawk principals for over a decade. We are thrilled to work with WhiteHawk and support what we believe is a high value-added and differentiated strategy,” Steven Romick, managing partner at FPA, said.