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Aequum's 2024 Year in Review: Key Growth and Innovations

Aequum Capital Financial LLC has demonstrated remarkable progress in 2024, affirming its role as a top player in the non-bank asset-based lending sector targeting loans between $5-$50 million. With a total of $152 million in new loan commitments this year, Aequum has solidified its reputation as the go-to partner for complex financial solutions. This success stems from a blend of deep market expertise, innovative structuring approaches, and the ability to close deals efficiently and reliably.

The outstanding performance of Aequum can be attributed to the unwavering commitment of its dedicated executive team. This core group is not only integral in decision-making but also plays a direct role in client engagements. Furthermore, throughout 2024, the company expanded its workforce with key hires who have bolstered its capabilities and outreach.

Strengthening Partnerships

Building and maintaining robust relationships has been essential for Aequum's growth. Throughout the year, they enhanced ties with crucial referral sources, including traditional banks, turnaround consultants, attorneys, and financial sponsors. The trust cultivated in these relationships is reflected in numerous repeat transactions from familiar sources, highlighting Aequum's reliability as a funding partner.

Notable Transactions in 2024

• - Aequum entered into a $15 million revolving line of credit with a leading pet product distributor in the United States.
• - The firm committed $30 million to a premier provider of print, marketing, and logistics services.
• - They provided a $7.1 million credit facility to a major heavy-duty commercial vehicle towing service.
• - Additionally, Aequum secured a $45 million credit facility for a Midwest-based manufacturing and distribution company and a $9.1 million commitment for a prominent metal stamping enterprise.

Client Success Stories

Aequum’s commitment to client success has significantly influenced its sustained, enduring relationships. The rise in repeat requests for financing from existing clients illustrates the firm's reliability, particularly when other lenders fell short in meeting specific needs. A testament to this positive dynamic is the expanded partnership with Pilot Wave Holdings—a private equity sponsor—where Aequum increased their asset-based lending (ABL) facility from $6 million to $15 million. This move not only offered Pilot Wave greater borrowing capacity but also supported their strategic growth initiatives.

Arik Oganesian, Head of E-Commerce at Pilot Wave Holdings remarked: “We are thrilled to strengthen our credit facility with Aequum. Their consistent support is vital to our acquisition strategy and overall growth trajectory.”

Team Expansion and Recognition

A pivotal factor fueling Aequum's progress in 2024 has been the expansion of its credit and portfolio management teams. The hiring of James Farrell as Executive Director introduced over 35 years of experience in senior secured asset-based lending and turnaround management, which will provide strategic insights for the company moving forward.

Further additions included:

• - Mike Wolf—formerly Vice President at 5/3 Bank, who has joined the business development team.
• - Irene Zbarsky, who transitioned from Corporate Controller at White Oak to serve as Aequum's Corporate Controller.
• - Mike Morandell, previously Director of Credit at Pathward, who now oversees the credit team.

Aequum takes great pride in its talented employees, whose dedication has played a crucial role in driving the firm's success.

Office Relocation and Financial Expansion

In 2024, Aequum made a significant decision to lease new headquarters at the esteemed Chicago Mercantile Exchange (CME) building, reiterating its commitment to growth within Chicago's financial hub. Moreover, Aequum enhanced its warehouse line of credit, increasing it to $140 million with Texas Capital Bank and Wells Fargo. They also welcomed two new banking partners—Bank OZK and M&T Bank—further solidifying their financial foundation for future growth.

Looking Forward to 2025

Aequum’s impressive achievements throughout 2024 lay the groundwork for a promising 2025. With an experienced team and solid backing from investors, the firm is well-prepared to broaden its lending services and pursue novel opportunities. As strategic planning for the upcoming year unfolds, Aequum invites inquiries from parties interested in exploring financing solutions to contact their offices.

In conclusion, Aequum Capital’s 2024 review reflects both strong performance and a clear vision for the future, positioning the firm to seize new prospects and further establish its standing in the asset-based lending landscape.