#USA #Boston #Pathlight Capital #Second Avenue Capital Partners #secured loan

Pathlight Capital Expands Support for Second Avenue Capital Partners

In an exciting development for the financial services sector, Pathlight Capital LP has stepped forward as the Administrative Agent for a senior secured term loan facility specifically aimed at Second Avenue Capital Partners (SACP). This announcement highlights Pathlight's ongoing commitment to bolstering companies that play key roles in the middle market retail and consumer product industry in both the U.S. and Canada. The credit facility will primarily serve to facilitate ongoing working capital needs, thereby supporting SACP's growth trajectory.

Kenny Smith, Managing Director at Pathlight Capital, expressed his pride in partnering with SACP in this financial endeavor. He remarked, “We’re proud to support Second Avenue Capital Partners with term loan financing as they continue to scale their asset-based lending platform. This transaction reflects our commitment to backing experienced management teams focused on building high-quality financial asset portfolios.” Smith’s statement underscores Pathlight's strategic vision for the future, reflecting a deep-seated dedication to its partners and their financial growth.

Aaron Miller, President of SB360 Holdings, the parent company of SACP, echoed these sentiments, stating how important this new financial facility is for their operations. He commented, “Pathlight Capital has long been a trusted partner within our broader organization, and this new facility is a natural extension of that relationship. Their continued support enables us to scale thoughtfully and deliver meaningful impact to our clients.” This kind of teamwork is critical in today’s complex financial landscape, where understanding and nurturing client relationships can lead to sustained success.

For those unfamiliar, Second Avenue Capital Partners is renowned for its expertise in providing asset-based loans, particularly in the retail and consumer products sector. The company utilizes its extensive industry experience, leveraging insights from retail operators and lenders alike to offer tailored financing solutions. This unique perspective allows SACP to unearth and realize potential in assets often overlooked by other lenders, ensuring that the business can meet the evolving demands of its clients effectively.

Mark Gallivan, the Founding Member and Head of Investments and Operations at SACP, also highlighted the significance of this partnership. He mentioned, “SACP's creative capital and partnership-driven lending solutions have been well received by the market, fueling over seven years of unprecedented growth. As we enter our next stage of expansion, the partnership with Pathlight will help us meet the ever-increasing demand for our brand of flexible capital.” Such remarks illustrate the crucial role that tailored financial solutions play in enabling companies to adapt and flourish in changing market conditions.

Pathlight Capital has established itself as a prominent private credit investment manager, dedicated to fulfilling the diverse needs of companies across various industries. By providing asset-based loans secured on a first or second lien basis against tangible and intangible assets, Pathlight aims to supply innovative financing solutions that allow management teams to access necessary liquidity for several critical purposes, including working capital, debt refinancing, acquisitions, and turnaround strategies.

For more information about Pathlight Capital and its offerings, be sure to visit www.pathlightcapital.com. Similarly, those interested in learning more about Second Avenue Capital Partners can visit www.sacp.com to explore their array of services tailored for the retail and consumer products sectors. This partnership signifies a robust step forward not just for the involved parties but for the expansion of flexible financing solutions essential in the ever-evolving business landscape.