White Oak Global Advisors, a private investment firm specializing in providing financing solutions to support the growth and business needs of small and medium enterprises, entered a new partnership with the United Submarine Alliance (USA) Qualified Opportunity Fund.
As part of the relationship, White Oak aims to bring unique capital solutions to domestic manufacturers supplying Columbia and Virginia class submarines to the U.S. Navy. Additionally, the USA fund aims to provide financing for workforce training and additive manufacturing to support submarine production.
“Our partnership with the United Submarine Alliance Qualified Opportunity Fund LP is a testament to the unique value that strategic public-private partnerships can provide in restoring American industrial capacity,” Andre Hakkak, founder and CEO of White Oak Global Advisors, said. “White Oak continues to support the reemergence of onshoring U.S. jobs, and we believe our extensive expertise and flexible financial solutions position us as the ideal partner for entities focused on scaling their businesses domestically.”
The USA fund is an investment vehicle sponsored and managed by CapZone Group to increase the capacity of the Submarine Industrial Base and support the Navy’s submarine production requirements using private and institutional capital.
“We are excited to work with White Oak to address the infrastructure needs of the defense sector,” Al Puchala, CEO at CapZone Impact Investments, said. “This announcement underscores our commitment to leveraging private capital to support national security priorities, while putting Americans to work.”
