White Oak Global Advisors funded over USD2.5 billion in loans in 2018, providing flexible capital to small and middle market businesses globally.
“Over the past decade, White Oak has honed a specialised expertise in developing bespoke lending solutions to small- and mid-sized enterprises that keep our economy running. Our landmark year in 2018 demonstrates the growing need for such flexible capital,” says Andre Hakkak, CEO and Co-Founder of White Oak. “In addition to developing new financing structures and solutions, we expanded our highly experienced team of originators across the US and the UK, with a commitment to deepening expertise in our clients’ industries.”
In recent months, White Oak added senior personnel focused on Asset Based Lending and Commercial Finance.
“The strength of our platform is greatly supported by our affiliates, each of which has a strong record and years of experience in product- and sector-specific lending such as healthcare, aviation and asset-based lending,” adds Darius Mozaffarian, Co-President of White Oak.
In response to strong market demand, White Oak affiliate White Oak Healthcare Finance closed on USD1.4 billion in loans with over 19 clients in 2018.
In September, White Oak announced the close of the White Oak Yield Spectrum Fund (the Fund), the firm’s fourth flagship direct lending strategy. At USD2.1 billion of total commitments, the Fund and other associated vehicles exceeded its USD1.8 billion target, a testament to White Oak’s performance track record and a reflection of the growing appetite from institutional investors for specialty finance lending assets. As of year-end 2018, the Fund has deployed over 60 per cent of the capital raised and expects to be fully deployed by the second quarter of 2019. The firm currently manages over USD5.6 billion of committed assets.
