Daily News: April 20, 2018

Great Rock Receives $200MM Equity Commitment

Great Rock Capital, an asset-focused commercial finance company, received a commitment of $100 million in equity from a large institutional investor. Sightway Capital, Great Rock’s original investor since its formation in 2015, also made an additional equity investment to support continued growth.

The combined $200 million equity capital will be used to enable growth, with a focus on customized financing solutions for middle market companies.

“We are pleased to share the news of this new equity commitment, which adds a new strategic capital partner to the Great Rock platform and reaffirms the strength of our partnership with Sightway Capital. This expanded capital base will enable us to serve new customers and help our existing customers continue to grow their businesses,” said Stuart Armstrong, CEO of Great Rock Capital.

Jeff Nemanick, investment partner at Sightway Capital, added, “We are excited about where this additional capital brings us in terms of progress along our growth trajectory, and look forward to what’s to come in light of these resources.”