Altriarch Asset Management’s new structured capital investment strategy aims to provide flexible debt allocations to factors and asset-backed lending companies nationwide.
Breakout Capital, a financial technology company, merged with 12Five Capital, a Chicago-based commercial finance company with a focus on factoring, purchase order financing and asset-based lending.
Breakout Capital completed a $45 million credit facility made up of a senior credit facility provided by Synovus Bank and a subordinate credit facility provided by an Austin, TX-based credit fund.
Breakout Capital completed two senior secured credit facilities totaling $20 million with Medalist Partners, expanding and extending a current term loan facility and establishing a new term loan facility.
Breakout Capital has promoted McLean Wilson from chief credit officer to chief executive officer and president.