Salus Capital Partners announced the hiring of Mark A. Deneen who joins Salus as Senior Managing Director, Corporate and Business Development, based in Los Angeles. 

Mark will be leading Salus’ presence in the Western Region of the United States and will be responsible for day to day origination and structuring of new business opportunities across the region.  Mark brings over 33 years of commercial banking and lending experience. He served as a Team Leader in the Marketing Department of PNC Business Credit, where he covered California, the Northwest and Western Canada. Mark is a graduate of the University of California Los Angeles where he received a Bachelor of Arts degree in Business-Economics.

“Further establishing our presence on the West Coast is a significant milestone for Salus that underscores the continuing demand we see in the marketplace for our innovative and forward-looking approach to asset-based lending,” remarked Andrew H. Moser, President and CEO of Salus Capital. “Mark’s depth of experience in both ABL and business development across the Western region will be integral to Salus as we continue to expand the reach of our platform. We are very pleased to welcome him to our team.” 
 
Salus Capital is a direct originator of secured asset-based loans to the middle market across a variety of industries with additional complementary financing throughout the capital structure. Target transaction sizes range from $5 to $50 million, with the ability to hold up to $100 million and to syndicate larger transactions. The Salus Capital platform may also serve as an asset manager for like-minded institutional investors such as community and regional banks, insurance companies, family offices, private equity funds and hedge funds who may lack the infrastructure and dedicated competency within senior secured lending.