Quasar Capital Partners closed a $12.5 million subordinate debt facility. The financial injection complements the company’s $40 million senior facility and was provided by Haversine Funding.
“Haversine’s contribution to our journey has been transformative,” Brian Center, a partner at Quasar Capital Partners, said. “They’ve been with us since day one, guiding, advising and believing in our vision. Their involvement has been nothing short of revolutionary, providing us with the insights and counsel needed to navigate crucial decisions and seize opportunities.”
“The people at Haversine are the best in the business,” Sam Tork, a partner at Quasar Capital Partners said. “Honestly, there would be no Quasar without the support and involvement of Gen [Merritt-Parikh], Cheryl [Mayo] and the entire Haversine team. They have made it possible for us (Quasar) to focus on our primary goal of improving the lives of others, from our clients and referral sources to our employees.”
