CrowdOut Capital Announces Closing $20 Million Facility to Lane Gate Advisors, LP
CrowdOut Capital LLC, a pioneering non-bank lender for lower middle-market businesses, announced today the initial funding of a $20 million facility to Lane Gate Advisors. "We are thrilled to add a great borrower to our loan portfolio," stated Alexander Schoenbaum, Chief Executive Officer of CrowdOut Capital. "Lane Gate has a team of experienced life settlement investors with a differentiated, niche strategy. CrowdOut is excited to be invested in such a quality, non-correlated asset space."
Founded in 2015, CrowdOut utilizes both a traditional fund, as well its proprietary tech-enabled marketplace, to finance corporate loans that range from $4 million to $50 million. Individuals and institutions are given the opportunity to invest as little as $25,000 directly into a single deal. Companies rely on CrowdOut to help reduce lending costs by streamlining the underwriting process and drastically reducing fees; a stark contrast to financial institutions and other non-bank lenders. CrowdOut's underwriting process includes extensive due diligence to ensure the company understands their borrowers' businesses and is consequently able to construct each loan accordingly.
"Life settlement investors are having a difficult time finding traditional financing," said Bryan Cooper, Co-Founder, Managing Principal and Co-Chief Investment Officer of Lane Gate Advisors, LP. "CrowdOut has been a great partner and provided flexible growth capital that can scale with us as we grow our portfolio."
About CrowdOut Capital
CrowdOut Capital is a leading private lender to lower middle-market companies. CrowdOut's network of experienced owner-operators and industry veterans provide exclusive deal opportunities and key insights during underwriting and diligence. In addition to access to needed capital, borrowers benefit from the proprietary knowledge of CrowdOut's connected network of investors. Family offices, institutional and accredited investors have the opportunity to invest through the CrowdOut Credit Opportunities Fund or on a deal-by-deal basis. CrowdOut has led more than $315 million in originations since inception.
To learn more, please visit www.CrowdOut.com or follow @CrowdOutCapital on LinkedIn, Instagram and Twitter.
About Lane Gate Advisors, LP
Lane Gate Advisors, LP is a boutique investment management practice focused on certain segments of the specialty finance market. The principals of Lane Gate have deep experience in all sides of the capital and life settlements markets, ranging from product structuring, development and marketing to raising and deploying capital. Our industry background and relationships are deep and complementary. Lane Gate works with both HNW and institutional investors to tailor investment strategies that best fit their goals.
To learn more, please visit www.lanegateadvisors.com
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