White Oak Global Advisors (WOGA), a global alternative asset manager providing flexible and secure funding to help businesses grow, together with its financing affiliates, provided more than $1 billion in loans across all platforms between January 1 and June 30, 2022. The total dollar amount accounts for the combined value of 45 separate transactions to middle and small middle market businesses across a wide array of industries, representing a highly diversified deal flow.
“For the first half of 2022, middle and small middle market businesses continued to grapple with supply chain and logistic challenges but had the added complexity of other economic variables including inflation and rising rates, all of which contributed further pressure on margins, growth and innovation,” Darius Mozaffarian, partner and president at WOGA, said. “As an inflationary and rising rate environment set in, the demand for differentiated financing solutions kept pace. Our diversified lending products were able to successfully offer solutions tailored to the unique goals and challenges of our borrowers.”
The first half of 2022 saw traditional bank lenders increasingly distancing themselves from credit risk in a rising rate environment and closing their doors to prospective borrowers. As private credit managers and direct lenders have continued to position themselves as a crucial lifeline to middle and small middle market businesses, White Oak has stood out as a non-bank lender of choice by offering highly tailored and flexible solutions underwritten by experts in a borrower’s respective industries.
“As we celebrate our 15th anniversary this year, I’m incredibly proud of what the firm has accomplished in 2022 thus far, both on behalf of our investors and as a support system to our borrower clients,” Andre Hakkak, co-founder and CEO at WOGA, said. “As we find ourselves continuing to navigate an uncertain economic landscape, I’m confident that direct lending will play an increasingly important role in the health of our financial system.”