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Digital ABL Secures $100MM From 400 Capital Management

September 14, 2016, 07:45 AM
Filed Under: Lender Finance

InterNex Capital ("InterNex"), a digital asset-based lender announced today that it has secured a funding facility up to $100 million from 400 Capital Management ("400 Capital"), a structured credit asset management firm. The facility will allow the company to solve short term working capital needs to an underserved market segment of small and medium sized businesses seeking loans between $250,000 and $5 million.

 "We believe this partnership creates great risk-reward attributes and potential for borrowers and investors alike," said Chris Hentemann, Managing Partner and Chief Investment Officer of 400 Capital.  "We look forward to combining 400 Capital's structured finance expertise with a well-pedigreed and experienced team in an underserved market to capitalize on these significant opportunities."

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