Tiger Finance’s lending platform committed $125 million of capital in Q3/24 to support clients’ strategic growth initiatives across various business sectors.
In Q2/24, Tiger Finance’s lending platform provided $15 million to an outdoor-lifestyle retailer/wholesaler, $21 million to a wholesale/ecommerce furniture manufacturer and $7.5 million to an existing women’s apparel retailer client.
Jason P. Shanahan, a 24-year veteran of the asset-based lending and consumer finance industries, joined Tiger Finance as a managing director. In this role, Shanahan will focus on identifying both secured debt financing and equity capital opportunities.
Tiger Finance’s lending platform continued to grow in Q1/24, providing $102 million in financing to borrowers in retail and other industries across North America.
Tiger Finance and Merchant Financial Group are partnering to provide $38 million in growth capital to Alpha 6 Distributions, creator of the Arctix winter apparel brand.
Tiger Finance closed a $20 million credit facility for Pilot Wave E-Commerce, a consumer goods subsidiary of Pilot Wave Holdings, which acquires established businesses and implements proprietary analytics to ramp up their performance.
Second Avenue Capital Partners and Tiger Finance closed an $80 million credit facility for Casper Sleep, an omnichannel retailer of sleep products, including mattresses, pillows and other sleep accessories.
Tiger Finance closed on $5.2 million in financing for a private label health and beauty care products company in support of a brand-development program it is undertaking for a national big-box retailer.
CIT Northbridge Credit, as advised by CIT Asset Management, and Tiger Finance arranged up to $47 million in financing for an e-commerce seller of branded consumer products.
Tiger Finance closed on a $13.75 million term loan for Waller, TX-based Laney Directional Drilling, a trenchless construction and engineering firm known for its drilling operations on infrastructure projects.