MIAMI – October 30, 2024 – eCapital Corp. (“eCapital”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., has closed a $100 million increase to its existing secured junior capital facility with Ares Management Credit funds (“Ares”), bringing the total facility size to in excess of $330 million.
This latest increase supports eCapital’s continued growth and investment strategy, enabling eCapital to deepen its commitment to providing working capital solutions to a broad spectrum of SMBs. With a focus on leveraging technology to deliver timely and flexible financing solutions, eCapital is well-positioned to address the evolving financial needs of its customers while driving its own growth strategy.
“This increase in financing reflects the strong relationships we’ve developed with Ares and other financial institutions, highlighting their confidence in our trajectory and strategic vision,” said Marius Silvasan, CEO of eCapital. “The additional liquidity enables us to continue investing in technology and expanding our portfolios, ensuring we remain agile in a dynamic market and able to capitalize on emerging opportunities.”
“We are excited to continue expanding our relationship with eCapital and further support their strategic growth initiatives,” said Scott Rosen, Partner in Ares’ Credit Group. “We believe our scale, coupled with our flexible mandate, makes Ares a strong capital provider for growth-oriented companies like eCapital.”
About eCapital Corp
eCapital is committed to accelerating access to capital for companies in the United States, Canada, and the United Kingdom. By leveraging a team of over 800 experts and proprietary, industry-leading technology, eCapital is creating the future of business funding. With a full suite of products such as freight factoring, invoice factoring, healthcare receivables financing, asset-based lending and payroll funding, eCapital ensures that businesses have the funds they need to do more. Through its Healthcare, Transportation, Staffing, Consumer Goods, Factoring, and ABL divisions, eCapital delivers customized funding solutions for over 80 industries. To learn more about eCapital, visit eCapital.com.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2024, Ares Management Corporation’s global platform had over $447 billion of assets under management with more than 2,950 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.