Quasar Capital Partners, a diversified asset-based lender and factor based in Austin, TX, closed a new $30 million senior lending facility and an accordion feature to $40 million with Texas Capital to further expand its funding capabilities.
“Texas Capital has provided an incredible opportunity for us to solidify the growth Quasar Capital has experienced in these past two-plus years,” John Center, partner at Quasar Capital, said. “This partnership solidifies our position in the market and enhances our ability to provide unparalleled service to our clients, helping them to flourish in their respective fields.”
“I am both grateful and honored for the opportunity to partner with Texas Capital. This collaboration is a testament to our commitment to improving the lives of others and staying true to our ‘north star’ of making businesses better,” Sam Tork, partner at Quasar Capital, said. “Texas Capital’s support is pivotal in our journey towards making a significant impact on the businesses we serve. Their trust and partnership enable us to continue our mission with renewed vigor and a focused vision.”
“Our partnership with Texas Capital Bank is a significant stride forward for Quasar Capital,” Brian Center, partner at Quasar Capital, said. “This collaboration aligns with our commitment to customizing financial solutions for our clients and reinforces our goal to help small businesses thrive. Working with Texas Capital Bank, we foresee a future where our combined efforts will bring stability and confidence to our clients, enabling them to succeed and make a positive impact every day.”
“We are thrilled to provide financing to Quasar and its best-in-class management team,” Steven Katz, managing director, head of commercial lender finance at Texas Capital, said. “Providing revolving lines of credit and treasury services to our commercial lender finance borrowers is just one of the ways that Texas Capital delivers substantial value for our clients at every stage of their business life cycle.”
