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Balance Point makes follow-on investment in Concord Servicing

Balance Point Capital Advisors (Balance Point), via the Balance Point Capital Partners V fund, has made a follow-on investment in Concord Servicing Corporation (Concord), a portfolio company of Inverness Graham Investments (IGI).

Balance Point provided a flexible financing solution to support Concord’s acquisition of Equiant.

Founded in 1988 and headquartered in Scottsdale, AZ, Concord is a full-scope loan servicer delivering portfolio servicing and SaaS solutions to meet the demands of loan originators and capital providers across multiple asset classes including home improvement, solar, energy efficiency, and vacation ownership.

Based in Chandler, Arizona, Equiant is a loan servicer in the vacation ownership market with a $1.5bn loan portfolio including more than 175,000 individual consumer loans. Equiant offers software solutions and servicing expertise for loan account receivables, billing, collateral document management, backup servicing, securitisations, debt recovery and disaster recovery.

Balance Point, which has around $2.1bn in total capital commitments, focuses on investments in the lower middle market.

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