White Oak Global Advisors, an international alternative asset manager, together with its associates funded $2.7 billion in loans for 119 borrowers in 2020.
“Despite the turbulent past year and economic uncertainty, White Oak has delivered an exceptional year of growth, specifically through our specialized expertise in developing tailored lending solutions to small- and mid-sized enterprises. There is still a growing need for such flexible capital,” Andre Hakkak, CEO and co-founder of White Oak Global Advisors, said. “The pandemic is not going away anytime soon, and we are focused on sustainable long-term solutions for our clients.”
The top two performing sectors for White Oak in 2020 were industrials and healthcare, with industrial loans totaling $757 million to 21 industrial borrowers and healthcare totaling $753 million loans to 25 borrowers. Other strong performing sectors included consumer discretionary, telecommunications services, materials, financials and information technology, combining to add to $990 million.
“We are incredibly proud of the landmark year we had and thank our borrowers, customers and other constituents that allowed the growth which enabled us to sharpen our already established expertise across our clients’ industries,” Darius Mozaffarian, president of White Oak Global Advisors, said.
White Oak Global Advisors is an alternative debt manager specializing in originating and providing financing solutions.