“There is so much knowledge in this industry,” David Johnson, CEO and founder of Vervent, said. “Finitive and Vervent want to share it and use our collective resources and experience to open up alternative lending to new players and opportunities that will enhance our industry.”
Finitive and Vervent have long been allies in the financial space. Johnson is an advisory board member for Finitive, and Jon Barlow, founder and CEO of Finitive, and the Finitive team have worked on deals with the Vervent team to support clients with financial service solutions.
“Deepening our partnership with Vervent makes a lot of sense. The combined power of Vervent’s advanced portfolio servicing with Finitive’s network and proficiency in private credit transactions will allow us to widen our collective scope to new industries and geographies,” Jon Barlow, founder and CEO of Finitive, said. “We have a successful history of working well together and know that we can expand that to provide education and prompt new ideas and deals.”
The partnership between Finitive and Vervent will focus on education and collaboration within key markets that have been historically underserved, including the solar space, Canada, secondary portfolio sales and Latin America.
Headquartered in New York, Finitive is a private credit platform providing institutional investors with direct access to alternative lending investments.
Vervent is a servicer of loan and lease portfolios.