NEW YORK--(BUSINESS WIRE)--
Funding Source, Inc., a leading provider of direct financing to
small and midsize businesses, today announced that it has received a $35
million initial investment as part of a $110.0 million line of equity
financing arrangement from Pine
Brook, an investment firm focused on building businesses in the
energy and financial services sectors. Pine Brook’s investment will
provide the company with access to capital to promote future growth.
Strategic Funding Source’s management team will continue to hold a
significant interest in the company.
“It was important to find a partner that truly understands how we
approach our business,” said Andrew Reiser, Chairman and Chief Executive
Officer of Strategic Funding Source. “Pine Brook's team has a
sophisticated understanding of the financing landscape and of the unique
market position that distinguishes Strategic Funding Source within the
small business lending market. Their investment enables us to continue
our rapid growth and enhance our technology in order to deliver more
capital to small businesses both in the U.S. and internationally. We
look forward to leveraging Pine Brook’s experience and relationships to
accelerate the building of a leading small business lending franchise.”
Since its founding in 2006, Strategic Funding Source has provided loans
and cash advances to small businesses by combining advanced technology
and insight based on years of experience as small business owners and
financial industry experts. The company works directly with small
business owners to identify their capital requirements and create
flexible, tailored financing options that suit their individual business
“Several years ago, Pine Brook identified small business finance as a
critical and underserved component of economic growth, and we’ve been
searching for the right partner to combine with our capital to take
advantage of the significant market opportunity that exists,” said
Robert Glanville, Managing Director of Pine Brook. “Strategic Funding
Source is a perfect fit because Andy and his management team have the
experience and talent, and the established platform necessary to manage
accelerated growth. We believe the company is well positioned to
increase market share while expanding to more businesses that are
underserved by traditional sources of capital.”
Kirkland & Ellis LLP acted as legal advisor to Pine Brook and Proskauer
Rose LLP served as legal advisor to Strategic Funding Source.
About Strategic Funding Source, Inc.
Strategic Funding Source finances the future of small businesses
utilizing advanced technology and human insight. Established in 2006,
the Company is headquartered in New York City and maintains regional
offices in Virginia, Washington state, and Florida. Strategic Funding
Source has served thousands of small business clients across the U.S.
and Australia, having financed approximately $700MM since inception.
to learn more about the Company, its financing products and partnership
About Pine Brook
Pine Brook is an investment firm with more than $5.0 billion of assets
under management that makes “business building” and other equity
investments, primarily in energy and financial services businesses. Pine
Brook’s team of investment professionals collectively has over 300 years
of experience financing the growth of businesses with equity, working
alongside talented entrepreneurs and experienced management teams to
build businesses of scale without relying on acquisition leverage. For
more information about Pine Brook, please visit the company’s web site
Strategic Funding Source
CooperKatz & Co.
Jessica Chen, 917-595-3055
Stanton Public Relations & Marketing
Matt Zales, 212-847-4312
Source: Strategic Funding Source, Inc.