FrontWell Capital Partners Announces Launch of Private Credit Fund Focused on Middle-Market Companies in U.S. and Canada
September 21 2020 - 7:00AM
Business Wire
New Company is Led by Industry Veteran Patrick
Dalton
USD $350 Million in Committed Seed Capital
FrontWell Capital Partners (“FrontWell”) today announced its
launch as a private credit fund focused on providing transitionary
senior debt financing to middle-market companies in the United
States and Canada. FrontWell will begin operations immediately with
committed seed capital of more than USD $350 million from a group
of international investors.
Headquartered in Toronto, FrontWell offers creative, value-added
financing solutions, including asset-based (ABL) and cash flow
loans, to maximize liquidity support for borrowers that are looking
beyond traditional sources of capital. FrontWell plans to lend
across industries to a variety of private companies that display
balance sheet capacity, leveraging the team’s deep experience and a
rigorous investment process to assess cash flow sustainability and
net asset value. FrontWell principally lends to companies requiring
liquidity to support business transitions, including turnarounds,
restructurings, acquisitions and changes in ownership or control.
FrontWell’s product offering includes senior secured term loans and
revolving credit facilities. In addition, the current economic
environment provides FrontWell with a unique opportunity to offer
solutions in special situations that complement its core business,
including bridge loans, rescue financings, secondaries, portfolio
acquisitions, debtor-in-possession (DIP) financings, liquidity
relief loans and structured loans.
FrontWell is led by Patrick Dalton as CEO, a credit industry
veteran who previously served as Founder and CEO of Gordon Brothers
Finance Company and managed several businesses as Senior Partner of
Apollo Global Management’s credit platform. John Ho, a finance
executive with a proven 15-year track record, is CFO. Mr. Dalton
and Mr. Ho are supported by a deeply motivated and committed team
of credit professionals with decades of diverse experience lending
across many industries and through multiple market cycles.
“We are thrilled to launch FrontWell and to capitalize on the
significant market opportunity in front of us,” said Mr. Dalton.
“As middle-market companies increasingly struggle to access credit
amidst economic uncertainty, FrontWell is well positioned to
provide flexible and responsive lending solutions through our true
partnership approach, comprehensive product offering, and deep
understanding of cash flows and net asset values. We look forward
to begin deploying our capital thoughtfully and profitably and
providing borrowers with the differentiated solutions required to
sustain and grow their businesses.”
Mr. Ho said, “We are eager to partner closely with management
teams looking beyond traditional sources of capital to address the
unique cash flow demands of their businesses. We are pleased with
our developing pipeline of new lending opportunities. Looking
ahead, we are focused on executing our strategy with focus and
discipline and expect to expand our investor base as we accelerate
our firm growth.”
Patrick Dalton Biography
Patrick Dalton, a founder and the CEO of FrontWell, is an
accomplished investment management executive with 30 years of
investing experience, primarily in private credit markets. He has
held senior leadership positions at leading financial institutions
and overseen the origination and underwriting of more than $8
billion in loans.
In addition to founder and Chief Executive Officer roles at
Gordon Brothers Finance Company and Senior Partner and Chief
Investment Officer roles at Apollo Investment Management, Mr.
Dalton was also interim CEO at Fifth Street Capital Corporation
prior to its sale to Oaktree and a senior underwriter for Goldman
Sachs’ Mezzanine Funds.
John Ho Biography
John Ho, a founder and the CFO of FrontWell, is a finance
executive with more than 15 years of public company experience in
roles of increasing responsibility with a focus on corporate
finance, financial reporting and internal controls. He was
previously CFO of an ABL and specialty finance company and prior to
that, held senior roles in the Brookfield Asset Management family
of operating companies and Barrick Gold Corporation. John is a
Chartered Accountant in Ontario and obtained his designation while
articling at Ernst & Young LLP.
For further information on FrontWell’s origination and
investment teams, please visit frontwellcapital.com.
About FrontWell Capital Partners
Headquartered in Toronto, FrontWell Capital Partners
(“FrontWell”) provides transitionary senior debt financing to
middle-market companies in the United States and Canada. With
committed seed capital of more than USD $350 million, FrontWell
offers financing solutions, including asset-based (ABL) and cash
flow loans, to maximize liquidity support for borrowers that are
looking beyond traditional sources of capital. FrontWell’s rigorous
approach to origination, underwriting and risk management generates
current income while prioritizing the preservation of principal
over the chase for yield. FrontWell partners with private companies
across several industries that display balance sheet capacity and
that require liquidity to support a transition in their business,
including turnarounds, restructurings, acquisitions and changes in
ownership or control. For more information, please visit
frontwellcapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200921005240/en/
Sard Verbinnen & Co. Paul Scarpetta/Brandon Messina/Hayley
Cook FrontWell-SVC@sardverb.com
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