White Oak Commercial Finance said it had funded over $600m (£486m) in credit facilities in 2019, the company said in a statement.
The business has also funded over $300m (£243m) year-to-date to diversified enterprises in North America, the UK, Europe, and Australia.
White Oak has actively bolstered its US and international teams and credit offerings to service deals of increasing size and sophistication over the past year.
It deployed asset-based credit facilities across industries and regions in the US, including a third-party logistics provider in Texas, a New-Jersey based jewellery company, and a petroleum distribution company in California.
Globally, the firm provided a stretch-FILO credit facility to a UK-based steel production & distribution company, a stretch-ABL term loan to an Australian iron ore mining firm, and invoice discounting financing to an automotive manufacturer in Mexico.
White Oak global portfolio
This year, White Oak has further expanded its global portfolio by funding two receivables purchase facilities in Europe and the UK totalling $175m, as well as, $50m in acquisition financing and inventory purchase facilities to companies in the UK, France, and Australia.
Andy McGhee, the vice-chairman of White Oak Commercial Finance, said: “Collectively, these deals demonstrate White Oak’s breadth of expertise across industries, and ability to nurture long-term engagements with a growing suite of financing solutions.
“The firm’s deep client and partner relationships allowed us to successfully fund companies in a variety of markets and business cycles.
Robert Grbic, president and chief executive of White Oak Commercial Finance, said: “Our results validate our ability to serve clients with ready liquidity and complex financing solutions to meet their working capital and growth objectives.”
Tom Otte, chairman of White Oak Commercial Finance, said: “As an affiliate of White Oak Global Advisors, we are able to effectively combine our capabilities and are confident that we will further increase our global presence and meet our clients’ diverse and growing needs in the second half of the year.”
White Oak Commercial Finance is an affiliate of White Oak Global Advisors, a US-based SEC-registered investment firm and private credit firm established in 2007.