Rescue capital has a long and occasionally sordid history in the United States, growing out of Gilded Age overreach and finding fertile ground in restructuring best practices. Hugh Larratt-Smith takes a stroll through history as he looks back on rescue capital origins before examining what its role could be in the very near future.
Stonegate Capital named Heather LaFreniere a managing director in its Chicago office. She previously worked in the Technology Banking Group of Silicon Valley Bank.
Citizens Commercial Banking provided a revolving line of credit for Stonegate Capital, a Chicago-based commercial finance company serving lower middle market companies.
Former Gibraltar Capital co-founder and CEO and Wells Fargo Capital Finance veteran Darren Latimer launched Stonegate Capital Holdings this year with the intention of bringing improved products primarily to private equity-backed businesses in the lower-middle market. Latimer catches up with ABF Journal to discuss Stonegate’s all-star team and its creative and opportunistic strategy.
Former Gibraltar Capital CEO Darren Latimer launched Stonegate Capital to provide $1 million to $10 million asset-backed loans to established lower middle market enterprises and emerging brands.