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White Oak Global Advisors Surpasses $2.5B in Loan Originations

January 17, 2019, 08:00 AM
Filed Under: Industry News

White Oak Global Advisors, LLC announced it funded over $2.5 billion in loans in 2018.

Since the company’s founding in 2007, White Oak has been a pioneer in providing flexible and efficient capital to small and middle market businesses globally. Companies today require more customized working capital solutions from lenders who understand the nuances of their businesses in varying market cycles. To meet this demand, White Oak has continued to innovate its offerings and expertise.

“Over the past decade, White Oak has honed a specialized expertise in developing bespoke lending solutions to small- and mid-sized enterprises that keep our economy running. Our landmark year in 2018 demonstrates the growing need for such flexible capital,” said Andre Hakkak, CEO and Co-Founder of White Oak. “In addition to developing new financing structures and solutions, we expanded our highly experienced team of originators across the U.S. and the U.K., with a commitment to deepening expertise in our clients’ industries.”

In recent months, White Oak added senior personnel focused on Asset Based Lending and Commercial Finance.

“The strength of our platform is greatly supported by our affiliates, each of which has a strong record and years of experience in product- and sector-specific lending such as healthcare, aviation and asset-based lending,” added Darius Mozaffarian, Co-President of White Oak.

In response to strong market demand, White Oak affiliate White Oak Healthcare Finance closed on $1.4 billion* in loans with over 19 clients in 2018.

In September, White Oak announced the close of the White Oak Yield Spectrum Fund (the “Fund”), the firm’s fourth flagship direct lending strategy. At $2.1 billion of total commitments, the Fund and other associated vehicles exceeded its $1.8 billion target, a testament to White Oak’s performance track record and a reflection of the growing appetite from institutional investors for specialty finance lending assets. As of year-end 2018, the Fund has deployed over 60% of the capital raised and expects to be fully deployed by the second quarter of 2019. The firm currently manages over $5.6 billion of committed assets.

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