Salus Capital Partners, a subsidiary of Harbinger Group, has surpassed $800 million in new loan commitments since launching in January 2012. The $800 million in loan commitments represents approximately 40 transactions in total, with 15 transactions closed and funded since January 2013.
Salus Capital is a provider of senior secured asset-based loans to the small and middle-market across a variety of industries with additional complementary financing throughout the capital structure. Commitments range from $3 million to $35 million with the ability to hold up to $100 million and to syndicate larger transactions. Industries of interest include specialty retail, jewelry, manufacturing, energy services, transportation, retail & wholesale apparel, and health & wellness. Salus Capital is based in Needham, MA (www.saluscapital.com).
“We take great pride in having worked with many wonderful people since forming Salus Capital while assembling a great team and earning the trust of our investors,” said Andrew Moser, President of Salus Capital Partners. “Above all, Salus creates capital solutions to unlock liquidity for our borrowers with a keen focus on tireless execution while maintaining a unique sense of adaptability.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-27-13