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Quasar Capital Secures $12.5MM Subordinate Debt Facility from Haversine Funding

February 29, 2024, 07:36 AM
Filed Under: Lender Finance

Quasar Capital Partners announced a new chapter in its growth story with the closure of a $12.5 million subordinate debt facility. This strategic financial injection complements the company's robust $40 million senior facility, signalling a new era of growth and opportunity for Quasar Capital.

The acquisition of this latest funding from Haversine is a testament to a profound partnership based on mutual trust, unwavering support, and deep respect. Since the very beginning, Haversine has been a foundational pillar in Quasar Capital's narrative, playing a critical role in our evolution and success.

Brian Center, Partner at Quasar Capital, shares his heartfelt gratitude towards Haversine's unwavering support: "Haversine's contribution to our journey has been transformative. They've been with us since day one, guiding, advising, and believing in our vision. Their involvement has been nothing short of revolutionary, providing us with the insights and counsel needed to navigate crucial decisions and seize opportunities."

Sam Tork, Partner at Quasar Capital, added, "The people at Haversine are the best in the business.  Honestly, there would be no Quasar without the support and involvement of Gen, Cheryl, and the entire Haversine team. They have made it possible for us (Quasar) to focus on our primary goal of improving the lives of others… from our clients and referral sources to our employees."

This latest milestone is more than just a financial achievement; it's a reaffirmation of Quasar Capital's mission to enhance and empower the businesses we serve, facilitated by the enduring support and partnership of Haversine.

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