SG Credit Partners, through its Consumer Products division, has provided a $20 million asset-based credit facility to Ring Concierge, a luxury jewelry retailer founded by Nicole Wegman. The revolving credit facility refinances an existing bank facility to provide enhanced liquidity and covenant flexibility in support of the company’s growth initiatives.
Ring Concierge is the leading luxury jeweler committed to designing products for women, by women. Founded by Nicole Wegman in 2013, Ring Concierge has consistently scaled its growth year-over-year by strategically utilizing social media to redefine the traditional relationship between retailer and influencer.
Through a customer-centric approach rooted in transparency and trust, Ring Concierge has built a loyal and growing clientele. By prioritizing authentic connections and actively listening to its customers, the brand has positioned itself as both a trendsetter and a trusted partner in fine jewelry. A commitment to exceptional craftsmanship and uncompromising customer service further solidifies its reputation, ensuring long-term loyalty and continued leadership within the luxury market.
“Partnering with innovative, founder-led companies is core to our mission at SG,” says Charlie Perer, Head of Originations at SG Credit. “The Company offers an immersive and tactile shopping experience fueled by its strategic use of social media that resonates well with the preferences of Millennials and Gen Z consumers, who crave memorable shopping experiences. We are excited to support their next phase of growth with a flexible financing solution.”
“We’re excited to partner with SG Credit Partners. This facility provides the liquidity and flexibility to invest ahead of demand—expanding our core collections, deepening inventory of bestsellers, and further elevating the client experience—as we enter our next stage of growth,” says Nicole Wegman, Founder and CEO of Ring Concierge.