Encina Lender Finance provided a $25 million senior credit facility to an affiliate of LAGO Innovation Fund I, a provider of venture debt financing to a range of companies participating in the “innovation economy.”
LAGO will use the facility to refinance its fund subscription line while also originating new venture debt facilities.
Headquartered in Atlanta, Encina Lender Finance provides revolving lines of credit and term loans ranging in size from $10 million to $40 million to specialty finance companies.