White Oak Global Advisors entered a formal partnership with the Sustainability Accounting Standards Board. This partnership will enable White Oak to incorporate SASB’s standards into its ESG research and underwriting processes for prospective credit issuance.
Susan George joined White Oak Global Advisors as head of asset management. George previously worked for Garrison Investment and the CIT Group.
White Oak Global Advisors is dedicating additional resources to deploy capital in senior secured, non-sponsored debt investments in companies that are focused on environmental and social outcomes.
White Oak Commercial Finance Europe, a provider of senior secured financial solutions to small and medium sized enterprises, mid-market, private equity (PE)-owned and PLC firms across the UK and Europe, launched a new website.
Andy McGhee, Susan Hall and Neal Mulford joined White Oak Commercial Finance to further expand the firm’s asset-based lending and lender finance capabilities. The trio most recently originated, deployed and managed the ABL portfolio at AloStar Capital Finance.
White Oak Global Advisors acted as sole lender and administrative agent to provide a $30 million senior credit facility to Danimer Scientific Holdings.
White Oak Global Advisors funded over $2.5 billion in loans in 2018, while its affiliate, White Oak Healthcare Finance, closed on $1.4 billion in loans with more than 19 clients over the same time period.
White Oak Global Advisors closed the White Oak Yield Spectrum Fund to outside investors. The fund and other associated vehicles concurrently raised approximately $2.1 billion in total commitments, exceeding the $1.75 billion fundraising target.
White Oak Asset Finance committed £90 million ($117.529 million) to British Steel. Proceeds from the financing will be used to provide working capital and fuel capital investment projects.
Low interest rates and high levels of regulation are preventing the UK’s traditional banks from lending to small businesses. Andre Hakkak and Thomas Otte suggest this situation provides opportunities for alternative lenders to step in.