Second Avenue Capital Partners (SACP), a Schottenstein affiliate, closed a $12 million revolving credit facility for ThirdLove, a women’s lifestyle brand founded by women that offers elevated essentials including bras, underwear, activewear and more, all designed by women, for women. This strategic financing partnership between SACP and ThirdLove will empower the intimates brand to fuel its growth and further enhance its customer experience.
“This financing partnership with Second Avenue Capital Partners comes at an exciting juncture for ThirdLove,” Heidi Zak, co-founder and CEO of ThirdLove, said. “It enables us to accelerate our initiatives, from product innovation to enhancing our online shopping experience, while remaining true to our mission of helping our customers look and feel great, starting with their first layer. We are excited about our growth opportunities and are confident that this partnership will help us reach new milestones.”
Reaching beyond its digitally native roots, ThirdLove has embarked on an ambitious plan to establish a retail footprint, opening nine stores since early 2022. The $12 Million revolving credit facility from SACP will enable ThirdLove to expand its market reach and further invest in cutting-edge technology to deliver an exceptional online and offline shopping experience, solidifying its position as a leader in the intimate apparel industry.
“SACP is delighted to collaborate with ThirdLove and support their mission of helping women be their best selves,” Mike Sullivan, managing director of Second Avenue Capital Partners, said. “Their commitment to inclusivity and customer satisfaction aligns perfectly with our values. As a financing partner, we are providing a top-notch management team with additional resources to propel their vision forward and take ThirdLove to even greater heights.”
