In mid-March, Encina Capital Partners, an investment firm focused on specialized lending and leasing platforms, and an affiliate of certain funds managed by Oaktree Capital Management, L.P. (“Oaktree”) announced the launch of Encina Business Credit, LLC (“EBC”), a new independent asset-based lending platform targeting middle-market borrowers in the U.S. and Canada.
Newly formed boutique lender Encina Business Credit LLC is looking to fill the void in asset-based financing as major players have stepped back from the space. The Chicago-based lender, which opened last month with funding from Los Angeles private-equity firm Management and Encina Capital Partners, has hired William Kearney to lead its retail finance division.
Encina Capital Partners, an investment firm focused on specialized lending and leasing platforms, and an affiliate of certain funds managed by Oaktree Capital Management, L.P. (“Oaktree Investor”) announced today that they have launched Encina Business Credit, LLC (EBC), a new independent asset-based lending (ABL) platform targeting middle-market borrowers in the U.S. and Canada that cannot obtain required financing from traditional banks.
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