Oxford Finance LLC Announces Management Succession

J. Alden Philbrick, IV Assumes Role as Executive Chairman; Timothy A. Lex Appointed Chief Executive Officer

ALEXANDRIA, Va.--(BUSINESS WIRE)--Oxford Finance LLC (“Oxford” or the “Company”) today announced its Board of Managers has appointed Timothy A. Lex as President and Chief Executive Officer. J. Alden Philbrick, IV, who founded the company and has served as the Company’s Chief Executive Officer since inception, will assume the role of Executive Chairman and continue as Chairman of the board.

Mr. Lex has served as the Company’s Chief Operating Officer since 2007 and as a member of the board since 2016. Mr. Lex will continue to serve on the board alongside Mr. Philbrick.

“I am excited to step into the role of Executive Chairman and to continue to provide strategic guidance to Oxford’s management team. I have worked with Tim Lex for almost 20 years and look forward to Oxford’s growth and continued success under his leadership as chief executive officer,” said Mr. Philbrick.

Mr. Lex added, “I am delighted to be named Chief Executive Officer of Oxford Finance. I look forward to growing the Oxford platform, while maintaining the credit success the Company has enjoyed over the last two decades.”

About Oxford Finance LLC

Oxford Finance LLC is a specialty finance firm providing senior secured loans to public and private life sciences, healthcare services, healthtech, business services and SaaS companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to over 700 companies, allowing borrowers to maximize their equity by leveraging their assets. Since 2002, Oxford has originated more than $14 billion in loans. Oxford is headquartered in Alexandria, Virginia, with additional offices serving the greater San Diego, San Francisco, Boston and New York City metropolitan areas. For more information, visit https://oxfordfinance.com.