Encina Lender Finance Provides $25 Million Senior Credit Facility to Lago Innovation Fund I, L.P.

Encina Lender Finance, LLC (“ELF”) announced today that it has provided a $25 million senior credit facility to an affiliate of LAGO Innovation Fund I, L.P. (“LAGO”), which provides venture debt financing to a range of high-growth companies participating in the “Innovation Economy”.

The facility will be used by LAGO to refinance its fund subscription line and to originate new venture debt facilities.

About Encina Lender Finance

Headquartered in Atlanta, Encina Lender Finance (ELF) offers revolving lines of credit and term loans ranging in size from $10 - $40 million to specialty finance companies (sponsored and non-sponsored) across a wide range of asset classes including, but not limited to, asset-based lending, factoring, equipment leasing, floorplan financing, commercial real estate bridge lending, tax lien/deed financing, venture debt lending, SMB lending & merchant cash advance, middle-market private credit, charged-off debt buyers, rent-to-own consumer leasing, unsecured consumer lending and specialized student lending. ELF’s customers use financing proceeds primarily to fund the origination of new finance contracts and to refinance existing debt, and ELF’s loans are secured by portfolios of notes, loans and/or leases. For additional information, please visit ELF’s website at https://lenderfinance.encinacapital.com.

About LAGO Innovation Fund

LAGO Innovation Fund supports the founders and investors of high-growth disruptive companies through bespoke, term loan-based credit facilities and equity co-investments. LAGO typically provides $3- $30MM of capital to fuel the growth of emerging leaders in diverse sectors such as software, tech-enabled services, eCommerce, food and beverage, gaming, health + wellness, online marketplaces and need-based consumer products. LAGO structures its founder-friendly investments to provide incremental, longer-term investable capital to drive market penetration and ultimately the value of the enterprise. For more information, please visit https://lagoinnovation.com.