Viola Credit score has entered right into a strategic three way partnership with Cadma Capital Companions, an affiliate of Apollo International Administration.
The partnership has a financing capability of as much as $500m (£379m), and can concentrate on executing asset-based lending (ABL) transactions that are originated and managed by Viola Credit score.
“We’re excited to associate with Cadma to ship on our shared mission of supporting progressive know-how corporations which are redefining monetary markets,” stated Ido Vigdor and Ruthi Furman, managing companions and co-heads of Viola Credit score.
Learn extra: State Avenue and Apollo to launch retail non-public credit score ETF
“This is a vital milestone that can deepen our potential to assist technology-enabled lenders with a full suite of asset-based financing options throughout their origination lifecycle.
“Our partnership with Cadma will permit us to extra broadly present compelling choices to portfolio corporations whereas in search of disciplined, enticing returns for our traders.”
Cadma specialises in financing options for high-growth know-how corporations and the funding corporations that sponsor them. In the meantime, Viola Credit score affords versatile credit score options to sponsor-backed know-how corporations in search of asset-based financing and development capital.
“This mutually helpful partnership with Viola Credit score will increase high-quality asset origination for each our corporations,” stated Jon Beizer, chief government of Cadma.
“We imagine that Cadma’s deep understanding of the enterprise and development ecosystem, mixed with Viola Credit score’s international platform and powerful observe file, will allow us to supply extra ABL options to main monetary know-how platforms.”
Learn extra: Fintech backer Viola Credit score closes $700m different lending fund
Viola Credit score is a worldwide credit score asset supervisor with greater than $2.5bn in AUM. Up to now, it has accomplished greater than $2.8bn of ABL transactions throughout the US, UK, Western Europe, and Australia.
“Cadma’s partnership with Viola Credit score demonstrates Cadma’s differentiated method to increasing our attain in asset-backed credit score origination,” added Josh Brody, president of Cadma.
“Viola Credit score’s confirmed observe file, deep experience, and disciplined underwriting align with Cadma’s origination technique and partnership mannequin of working with main enterprise and development corporations. We look ahead to deepening this relationship within the years to come back.”
Learn extra: Apollo names new origination chief