Heritage Global Capital Secured $100 Million


Heritage Global Capital , a company of Heritage Global Inc. that specializes in flexible fundings for the Accounts Receivable Management “ARM” business, said today that it has funded financial portfolio acquisitions totaling $100 million to date with its senior lenders.

“Reaching the $100 million mark is an important milestone for us and highlights our ability to utilize the opportunities we’re seeing as the current economic environment continues to drive large increases in charge-off volume.

We’ve built solid client relationships and strategic lending alliances over the years, and these, together with the significant experience and understanding of our HGC management team, position us well in our objective of being a premier lender. As we celebrate this milestone, we look forward to continuing to help our clients and anticipate that the next $100 million in funding is just around the corner,” said Ross Dove, CEO of Heritage Global Insight.

“Despite the recent context of pandemic-delayed transaction flow, our ability to fund $100 million worth of acquisitions exceeds our internal targets and is a credit to the strength of our team and our client relationships,” said David Ludwig, President of Financial Assets.

We are extremely proud of our clients and grateful for their confidence in Heritage Global Capital. Our borrower clients have outperformed collection expectations while maintaining good financial stability and operational integrity. As outstanding consumer credit continues to rise, HGC anticipates rapid growth in 2023 and beyond.”

Heritage Global Capital, LLC.  is a subsidiary of Heritage Global Inc. . HGC operates under the Financial Assets business unit and provides flexible funding structures for all asset classes while specializing in buyers acquiring financial portfolios. A customized one-stop credit solution strategized to deliver cost-effective debt capital, HGC lends to companies across a variety of asset classes and thrives on providing creative solutions to companies with non-traditional business models.

Heritage Global Inc.  values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, account receivable portfolios, and intellectual property through its two business units: Industrial Assets and Financial Assets.

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