FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / Blogs / Read Blog

Print

Veritas Financial Raises $125MM in Capital for Growth

December 16, 2014, 07:00 AM
By
Topic: Industry News

Veritas Financial Partners, a leading national financial services firm providing senior-secured loans to small and middle market businesses, announced that it has raised $125 million in debt and equity to provide for future growth. The company recently entered into a credit facility with BMO Harris Bank NA. Veritas also secured a private equity investment from funds managed by Atalaya Capital Management as part of a strategic transaction which occurred earlier this year. Veritas will utilize the proceeds from the credit facility and the equity investment to continue expanding its lending platform.

“We are pleased with the closing of this credit facility and infusion of equity, which enhances our ability to serve our growing portfolio of borrowers,” said Gary E Jaggard, Chief Executive Officer of Veritas Financial Partners. “These funds will allow us to meet the significant financing needs within the market we serve.”

Mark Seigel, Chief Financial Officer of Veritas Financial Partners, added, “Our successful transactions with BMO Harris Bank NA and Atalaya Capital Management are the culmination of our 2014 capital raising efforts, which have brought a combined $125 million of fresh capital availability to support our growth plans.”

Veritas Financial Partners is a leading national financial services firm that provides senior-secured credit facilities to small and medium sized businesses. Loans are fully secured by collateral, including accounts receivable, inventory, equipment, other fixed assets and owner-occupied commercial real estate.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.