Tiger Finance’s lending platform continued to grow in Q1/24, providing $102 million in financing to borrowers in retail and other industries across North America. Significant deals from Tiger Finance in Q1/24 included providing $7 million to an electric vehicle battery technology company, $20 million to a women’s apparel retailer, $40 million to a specialty retailer and $35 million to a musical instrument retailer.

“Women’s specialty apparel retailers, in particular, continue to be challenged and face pullback from national banks, which generally have a lower appetite for credit risk in the current environment,” Bob DeAngelis, executive managing director and group head of Tiger Finance, said.