White Oak Commercial Finance Provides $81MM Asset-based Credit Facility to Sydney-based Family Office

NEW YORK--(BUSINESS WIRE)--White Oak Commercial Finance LLC, an affiliate of White Oak Global Advisors LLC announced it provided an $81MM asset-based credit facility to the Aspire 42 group of companies; majority owned by Moss Ridge, a Sydney-based family office that manages a diverse portfolio of holdings across public and private markets.

"We are very pleased to partner with Moss Ridge and the Aspire 42 team in providing a bespoke acquisition facility and look forward to working with the company through the next phase of its growth and beyond," said White Oak Commercial Finance Managing Director of ABL, Kenneth Pereira.

White Oak Commercial Finance further broadened its global presence and industry scope through this recent facility, which enabled Moss Ridge to expand its specialty finance platform through the acquisition of a $100MM lease portfolio.

“The team at White Oak has developed a deep understanding of our business and we look forward to working with them going forward," said Wayne Richardson, Managing Director of Aspire 42. "During a volatile time in the global markets, we appreciated White Oak's commitment and partnership, and we're very optimistic that our relationship will develop in the years ahead.”

ABOUT WHITE OAK COMMERCIAL FINANCE, LLC

White Oak Commercial Finance, LLC is a global financial products and services company providing credit facilities to companies of varying size and complexity. WOCF’s solutions include asset-based lending, full-service factoring, invoice discounting, government contract financing, supply chain financing, inventory financing, US import/export financing, trade credit risk management, account receivables management and credit and collections support. The firm has offices and personnel throughout the US, UK, and Australia, including San Francisco, Charlotte, Washington D.C., Atlanta, Los Angeles, London, Glasgow, and Sydney. WOCF is an affiliate of White Oak Global Advisors, LLC, and its institutional clients. More information can be found at www.whiteoaksf.com/commercialfinance.

About White Oak Global Advisors

White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with our borrowers. For more information, visit www.whiteoaksf.com.