A single purpose entity, Agrifact Capital, LLC, issued $7,260,000 to factor accounts receivable in the food, produce and agriculture industry (”Factoring”). The Company focused on the perishable agricultural market, which was generally underserved by conventional sources of financing.
Brasstown Funding, LLC, an SPV, issued $1,652,700 in redeemable preferred membership units for the benefit of Brasstown Beef & Cattle Company to purchase, feed and care for hormone and antibitic-free cattle from U.S. farms through Brasstown Management, Inc. The cattle were fed and managed at Ridgefield Farm, LLC of Brasstown, North Carolina.
A single purpose entity, AgLease, LLC (“AgLease”) issued $3,000,000 to acquire agricultural storage bins for immediate lease to Wayne Bailey, Inc., to facilitate a repayment of Bailey's term loan, and to provide working capital.
Salem Investment Partners III Funding, LLC provided investors with unique access to a compelling investment strategy and asset class, issuing $1,710,000 to grow its porfolio of lower middle market companies in the Sunbelt and Mid-Atlantic regions in select industries.
A single purpose entity, 737 Funding, LLC, issued $1,250,000 to finance a single purchase of Boeing 737-800 commercial aircraft parts (expendable and rotable parts, all traceable) by DSC Trading, LLC (“DSC Trading”).
Rehabilitation Support Services, LLC (“RSS”) issued $1,730,000 in senior subordinated convertible debentures primarily to finance the acquisition of the SCRAM ankle bracelet and modem devices from AMS.
Lispenard Street Credit Fund, a bottom-up, value-driven credit fund, sold $35,000,000 in limited partnership interests, employing multiple strategies to invest across the entire credit spectrum.
KBI BioPharma, Inc. (“KBI” or the “Company”) was a rapidly growing contract biopharmaceutics, process development, and biomanufacturing services company that issued over $7,000,000 in convertible preferred stock to fund working capital, applications development, and commercialization activities.
San Diego-based Aperio Technologies, Inc. (“Aperio”) was the leading provider of scanners and related software in the field of digital microscope slide imaging (“virtual microscopy”). The Company issued $10,475,000 to complete the build-out of the sales and marketing organization, develop software, and obtain FDA 510k approval.
Fivex, LLC (“Fivex” or the “Company”), a CT LLC, issued more than $3,000,000 in limited liability interests primarily to pursue gas exploration, development and acquisition projects.
Universal Savings Banc Holdings, Inc. ("USB Holdings" or the "Company"), a Milwaukee, Wisconsin-based financial services company, issued preferred shares to increase its balance sheet capacity.
