Finitive, a financial technology platform providing institutional investors with direct access to alternative lending investments, is pleased to announce that FirePower Capital, a Canadian investor in mid-market private debt and private equity, as well as a provider of M&A advisory services, secured a multi-year capital arrangement from an institutional investor via the Finitive platform. The capital, up to several hundred million, will be deployed in the form of co-investments in FirePower Capital’s recently launched Private Credit loan solution.
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FirePower Capital’s Private Credit loan program includes secured term loans to “asset-lite” mid-sized Canadian businesses with capable management teams, strong fundamentals and clear visibility into their future cash flows. The loans will support companies with acquisitions, working capital, bridging financing milestones or other special situations. FirePower may also use the capital to fund distressed companies or to purchase loan portfolios from distressed secondary sellers.
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Institutional investors are currently seeking exposure to high-yield corporate term debt issued by Canadian companies. After extensive research and due diligence into the Canadian marketplace, Finitive identified FirePower Capital based on its lending track record and strategy as a highly attractive channel to deliver that exposure.
“FirePower Capital relies on a rigorous, bottom-up fundamental analysis that emphasizes strong cash flow and enterprise-value coverage,” said Jon Barlow, Founder and CEO of Finitive. “That disciplined approach to lending resonated with our investor network.”
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