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Legacy Corporate Lending – Newly Launched and Positioned for Success

Date: May 20, 2023 @ 04:00 PM
Filed Under: Industry Insights

In this exclusive video, Clark Griffith, CEO of newly launched Legacy Corporate Lending, meets with Michael Toglia, Publisher of ABL Advisor, to discuss the launch of this new middle-market asset-based lending platform with a focus on providing creative financing structures to “near bank” commercial borrowers. Griffith also discusses the relationship with Bain Capital Credit, which has made a significant equity investment in this new company, and he also shares why launching in the current economic and banking environment presents unique opportunities for his team as they embark on growing this platform on a national scale.

Sponsored By:
Clark Griffith
Chief Executive Officer | Legacy Corporate Lending
Clark Griffith started his ABL career in 2000 as a Risk Manager, as part of a fast-track management program at GE Capital’s Head Office in Stamford, CT (Risk Management Leadership Program), after completing his graduate studies at Columbia University in NYC. His initial years at GE included stints at Global Risk Management (in Stamford), and the Capital Markets Group (in both Stamford & Tokyo, Japan). In 2003 he was relocated to Northern CA, for a Portfolio & Underwriting role at GE Commercial Finance, where he underwrote and managed both asset based and cash flow Loans. In the Summer of 2005, GE relocated Clark to their Beverly Hills office, to support ABL Sales Originations, which ultimately led to him being relocated to Tokyo in 2010 to support ABL efforts in Japan. In 2013 he was put in charge of both the ABL and Sponsor Finance teams at GE Capital Japan, as Senior Managing Director of Structured Finance, and also became an Officer of General Electric Japan. Clark was later requested to support the wind down GE Japan’s Structured Finance unit in conjunction with GE’s disposition of most of their financial service businesses worldwide. He returned to Los Angeles, CA in 2015 to establish an ABL lending division for top-ten factoring lender, Hana Financial, Inc., as Founder and President of Hana Business Capital, LLC. In the summer of 2017, Clark married his wife Yumi, and joined Encina Business Capital (currently Eclipse Business Capital) as the head of West Region Originations and slightly over a year later joined a former GE colleague at White Oak Global Advisors, LLP as part of a lean six-person team doing large special situation ABLs, where he sourced, structured, and managed loans for White Oak ABL, LLC. While at White Oak, Clark and his wife welcomed their daughter Alexia in 2020 and shortly thereafter relocated from California to Texas. In Jan of 2022, at the request of a New York City based private equity firm, Clark left White Oak to establish a middle-market ABL lending platform (a business he led through approval/funding, that later launched in June of 2022). Clark established Legacy Corporate Lending, LLC in the summer of 2022 and finalized the Executive Management Team in late July.
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