Andy McGhee, Susan Hall and Neal Mulford joined White Oak Commercial Finance to further expand the firm’s asset-based lending and lender finance capabilities. McGhee, Hall and Mulford have more than 100 years of combined experience, after most recently originating, deploying and managing a multi-billion dollar ABL portfolio at AloStar Capital Finance. All three are based in Atlanta and will report to the White Oak Commercial Finance board.
“We are excited to have this first class team join our growing ambitions to build a scalable ABL platform for the benefit of institutional investors worldwide,” Andre Hakkak, CEO of White Oak, said. “Unlike a bank that finances ABL with mostly a liability-driven balance sheet, White Oak finances ABL loans with investor capital. In a low interest rate environment, asset-based loans provide compelling risk-adjusted yields with investment grade or near-investment grade risk profiles.”
McGhee joined White Oak Commercial Finance as vice chairman and will lead the lender finance division while assisting with the growth of the broader ABL initiatives for the company. McGhee previously served as founder, president and CEO of AloStar Capital Finance. He has more than 30 years of commercial banking and asset-based financing experience, having held senior leadership roles at SunTrust Bank, Bank of America and Citicorp prior to joining AloStar.
“I am excited to be part of a spectacular team that has built a strong track record in the ABL space, backed by robust infrastructure and technology systems to process all types of ABL products,” McGhee said.
Hall joined White Oak Commercial Finance as chief portfolio officer and will lead the integration of portfolio reporting across all White Oak ABL platforms. Hall previously served in senior leadership roles at AloStar Capital Finance, SunTrust Bank, GE Capital, Citicorp and Transamerica.
Mulford joined White Oak Commercial Finance as head of underwriting and portfolio management for White Oak Commercial Finance’s lender finance business. Mulford previously held senior underwriting and portfolio management leadership roles at AloStar Capital Finance, CIT Bank, Regions Bank and Heller Financial.
“Andy and his team developed a great business at AloStar Capital Finance, and we look forward to enhancing White Oak’s capabilities with their leadership here,” Tom Otte, chairman of White Oak Commercial Finance, said.
White Oak Commercial Finance is a global financial products and services company that provides credit facilities from $2 million to 250 million to middle market companies. The company delivers asset-based lending, factoring, invoice discounting, supply chain financing, inventory financing, U.S. import/export financing, trade credit risk management, account receivables management and credit and collections support. White Oak Commercial Finance is an affiliate of White Oak Global Advisors, an alternative investment manager.