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.
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