First Citizens Bank Provides $100 Million Upsize to WhiteHawk Capital Partner Funds

Both funds are managed by WhiteHawk Capital Partners, which sources and structures asset-based loans for private and public companies. These credit facilities leverage the funds' existing portfolios and provide capital for future growth.

“By right-sizing the credit facilities, we’ve aligned our capital with the current pace of deployment and portfolio needs, strengthening our ability to execute our direct lending and asset-based strategy,” stated Robert Louzan, Managing Partner of WhiteHawk Capital Partners. " We are excited to continue our relationship with First Citizens Bank and appreciate their expertise and commitment in organizing the expanded financing for these funds."

“WhiteHawk has a strong track record in providing asset-based financing to select borrowers,” said Chris Esposito, Managing Director and Group Head for First Citizens’ Asset-Based Lending business. “We were pleased to collaborate again and right-size these facilities to best support WhiteHawk’s objectives while providing flexibility for future opportunities.”

First Citizens Asset-Based Lending business meets clients' working capital needs by offering innovative structures that reduce funding costs and lower operational risks while improving earnings by leveraging accounts receivable, inventory or fixed assets as collateral.