Stonegate Capital announced that it has hired Garett Figueroa as a Vice President in its Chicago office.  

“At Stonegate we pride ourselves on bringing debt structuring sophistication to the lower middle market,” said Andrea Hedrick, Stonegate’s Head of Originations, “and Garett's originations background both in the UK and here in the states aligns perfectly with our goal of becoming the go-to lender for the sponsor backed market." 

Stonegate is seeing significant activity in its three investment niches of i) asset based, ii) high-growth consumer product, and iii) recurring revenue software. Garett’s credit experience and his connectivity to the private equity market will immediately be additive to business development efforts. He will be responsible for sourcing senior debt facilities ranging from $2-$15 million within the private equity community across Stonegate’s nationwide footprint, and will instantly be a huge asset to the Stonegate team. 

Before joining Stonegate, Garett spent the past seven years at PNC’s Asset Based Lending group, leading due diligence engagements of prospective middle market and large corporate borrowers, most recently in the private equity coverage group. Garett holds a BS in Business Administration & Management from the University of Southern California’s Marshall School of Business.

“I am extremely excited to join the Stonegate team,” said Figueroa. “The momentum they are experiencing in their business is tremendous, and I’m looking forward to contributing to the growth and success of their investment platform going forward.”