FrontWell Capital Partners closed a C$15 million ($12.2 million) senior secured credit facility to a Canadian manufacturing company with an operating history of more than 150 years.
FrontWell Capital Partners appointed Nick Bassi vice president of underwriting and portfolio management. Bassi joined FrontWell from Scotiabank Asset Finance, where he most recently served as director of business development and previously was director and portfolio manager.
Aubrie De Sylva joined FrontWell Capital Partners’ deal originations team as vice president and Kevin Freer and Andrew Isaac joined the underwriting team as vice president and assistant vice president, respectively.
FrontWell Capital Partners launched as a private credit fund focused on providing transitionary senior debt financing to middle-market companies in the U.S. and Canada. FrontWell is led by Patrick Dalton as CEO and John Ho as CFO.
Patrick Dalton examines the changing role of alternative lenders in the rapidly evolving lending landscape. Due to regulatory constraints, he says it is often in the best interest of a borrower — and a senior lender — to form a strategic partnership with an alternative lender that has institutional knowledge of various asset classes.