CHICAGO, June 27,
2023 /PRNewswire/ -- Aequum Capital recently expanded
its revolving line of credit led by Texas Capital Bank to $60
million by adding Wells Fargo & Company to the bank
lending group. This new financing will further augment
Aequum's significant equity base led by Castlelake, LP. With
the addition of Wells Fargo, Aequum is well-positioned to execute
on portfolio acquisition opportunities, as well as the continued
organic growth of its portfolio.
About Aequum Capital
Aequum Capital is a technology
enabled rapidly growing specialty finance lender that provides
senior asset-backed and cash flow debt facilities that range
between $2MM and $15MM to small and medium-sized businesses
throughout the U.S. Aequum's proprietary technology platform allows
for efficient underwriting, funding, servicing, and portfolio
management to ensure a quick loan closing process and hassle-free
experience during the loan lifecycle for their borrowers.
Find out more at www.aequumcapital.com
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading
financial services company that has approximately $1.9 trillion in assets, proudly serves one in
three U.S. households and more than 10% of small businesses in the
U.S., and is a leading middle market banking provider in the U.S.
Wells Fargo provides a diversified
set of banking, investment and mortgage products and services, as
well as consumer and commercial finance, through their four
reportable operating segments: Consumer Banking and Lending,
Commercial Banking, Corporate and Investment Banking, and Wealth
& Investment Management. Wells Fargo ranked No. 41 on Fortune's 2022 rankings
of America's largest corporations. In the communities they serve,
the company focuses its social impact on building a sustainable,
inclusive future for all by supporting housing affordability, small
business growth, financial health and a low-carbon economy.
About Castlelake
Castlelake, L.P. is a global alternative investment manager focused
on investments in real assets, specialty finance and aviation
across the risk spectrum, from value-oriented to income and
investment grade credit. Founded in 2005, Castlelake manages
approximately $21 billion of assets. The Castlelake team comprises
more than 250 experienced professionals, including 95 investment
professionals, across six offices in North
America, Europe and Asia. For more information, please
visit https://www.castlelake.com/.
About Texas Capital Bank
Texas Capital Bank is a
full-service financial services firm that delivers customized
solutions to businesses, entrepreneurs, and individual customers.
Founded in 1998, the institution is headquartered
in Dallas with offices
in Austin, Houston, San Antonio, and Fort
Worth, and has built a network of clients across the country. With
the ability to service clients through their entire lifecycles,
Texas Capital Bank has established commercial banking, consumer
banking, investment banking and wealth management capabilities. For
more information, please visit www.texascapitalbank.com.
Member FDIC.
Please reach out to John
Stanfield of Aequum Capital for additional details.
johnstanfield@aequumcapital.com
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SOURCE Aequum Capital Financial LLC