Super G Capital spun out its cash flow, technology and special situations lending division to create a pure-play, lower middle market specialty finance company, SG Credit Partners.
SG Credit Partners’ mission is to fill the credit void that exists for businesses that need up to $10 million in second lien and special situations debt.
“We spun-out the team to reflect our positioning and goal to be the market leader in solving $1 million to $10 million second lien debt needs and other special situations requiring speed and certainty to close. Our cash flow, technology, and special situations lending business became so successful that the time had come to separate it from our other lines of business at Super G Capital,” said Darrin Ginsberg, founder and CEO of Super G Capital and chairman of SG Credit Partners.
“We have a strong track record with over 200 closed transactions and several hundred million lent out over the past few years. With an expanded team and increased capital commitments, we can now offer loans up to $10 million,” said Marc Cole, CEO of SG Credit Partners. “We are filling a void for shorter-term capital needs requiring speed to close and other needs that fall just below the threshold of traditional mezzanine and unitranche lenders.”
SG Credit Partners has a unique niche whereby it often acts as an extension of a senior lender to finance capital needs that banks and ABLs cannot due to credit, internal or regulatory restrictions.
“SG Credit Partners is senior lender centric meaning many of our referrals come from banks and asset-based lenders and our goal is to provide a customized non-dilutive, second lien solution to more of their clients. We believe we have just scratched the surface of the market and look forward to helping more senior lenders solve the capital needs of their borrowers,” said Charlie Perer, head of Originations.