Rivonia Road Capital has closed a $50 million senior secured revolving credit facility for a leading provider of commission advance financing to accident and health (A&H) insurance agencies.
The credit facility refinances the borrower’s existing debt and will provide funding for future expansion of its insurance agency network. The firm specializes in offering commission advances to A&H insurance agencies, ensuring their cash flow remains stable to support growth and competitiveness.
“We are thrilled to support our new partner, one of the leading insurance commission finance companies, and expand Rivonia’s presence in the insurance lending markets,” said Brad Smiedt, co-founder and managing partner of Rivonia Road Capital. “Our goal is to provide flexible and efficient debt capital so businesses can seize opportunities in growing segments of the economy.”
Rivonia Road Capital, an alternative asset manager headquartered in Santa Monica, focuses on asset-based funding solutions across the consumer, commercial, and real estate lending sectors. The firm emphasized that its investment aligns with its broader strategy of supporting financial services platforms that drive liquidity and growth within specialized markets.
