Parkfield Capital Advisors announces joint venture with $70 billion investment firm
LOS ANGELES, CA – Parkfield Capital Advisors LLC (“Parkfield”) announced that it has entered into a joint venture agreement with a leading global investment firm with over $70 billion in assets under management. Managed by Parkfield and Acrecent Financial Corporation of San Juan, Puerto Rico, the joint venture will create a new investment platform providing financing to middle market companies in Puerto Rico.
The JV will originate senior loans, mezzanine debt, and preferred equity investment to Puerto Rico-based companies across a broad array of industries. Given the challenging bank lending environment in the U.S. territory, Parkfield believes the JV could serve as a valuable alternative source of liquidity for local companies.
“Economic turmoil in Puerto Rico over the last few years has left many local companies with limited access to capital markets,” commented Andres Pinter, Parkfield’s Managing Director and founder. “This new initiative allows us to leverage Acrecent’s experience and relationships in Puerto Rico with our investment partner’s financial resources.”
Parkfield’s investment partner is a highly diversified global investment firm with over $70 billion in assets under management. The firm manages assets on behalf of more than 1,600 institutional clients and private investors worldwide across a range of investment strategies.
Parkfield Capital Advisors LLC is a leading boutique financial advisory firm located in Los Angeles, California. Parkfield focuses on advising stakeholders in balance sheet restructurings and private placements of debt and equity. The firm was founded by Andres Pinter in 2014.
Acrecent Financial Corporation is a leading innovator of commercial finance solutions to businesses in Puerto Rico, the Caribbean and Central America since 2003. Acrecent has completed over 300 transactions across several countries, serving as a critical funding source to businesses needing to acquire equipment and information technology in a wide range of industries.
Some of the statements contained in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as ”may,” ”will,” ”should,” ”expects,” ”intends,” ”plans,” ”anticipates,” ”believes,” ”estimates,” ”predicts,” or ”potential” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions.
The forward-looking statements contained in this press release reflect our current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause actual results to differ significantly from those expressed or contemplated in any forward-looking statement.
Broker/dealer services offered through Edgewater Capital, LLC (member FINRA/SIPC)