Chicago private equity firm InvestBev established Algoma Capital, a sister company that will provide credit to the craft spirits industry. Algoma Capital is partnering with Monroe Capital as a capital provider and will leverage Monroe’s specialty asset-based lending expertise.
Algoma Capital will provide credit to premium distillers, brand owners and suppliers seeking to finance barrel inventory on an asset-basis. The firm will deploy up to $10 million in each investment.
“We are extremely excited to provide much needed capital to the adult beverage space,” Brian Rosen, CEO and founder of Algoma Capital, said. “We have a generational history of supporting brands and distillers and take great pride in being the No. 1 choice to them.”
