Bryant Park Capital, a leading middle-market investment bank with a focus in the specialty finance industry, announced today that Golden Pear Funding, LLC recently closed a new $150 million senior credit facility with a leading lender to the specialty finance sector.
Founded in 2008, Golden Pear has quickly developed into the top pre-settlement funding company in the United States, funding over $215 million in legal advances nationwide.
"This new facility provides us access to significant capital and flexibility to position Golden Pear to take advantage of the market opportunities in litigation finance including buying and/or establishing exclusive joint ventures with other litigation funding companies, purchasing portfolios, expanding our geographic footprint and accelerating our growth," said Jeffrey Cohen, CEO of Golden Pear.
This financing will provide Golden Pear a credit facility with a higher effective advance rate and a longer term to replace its existing credit facility, as well as with access to significant amount of additional capital to fund the Company's continued growth for the foreseeable future. The new senior facility will offer Golden Pear the flexibility to expand into adjacent areas and to effect securitizations of its portfolios going forward.
Bryant Park Capital acted as the exclusive financial advisor to Golden Pear.
Bryant Park Capital is an investment bank providing M&A and corporate finance advisory services to emerging growth and middle market public and private companies.