Colford Capital
In October 2010, MCP invested in North Mill Capital ("NMC"),
a commercial finance company based in Princeton, NJ. NMC provides asset-backed loans ("ABLs") to small- and middle-market companies with risk ratings outside the sweet spot of traditional banks and other independent lenders. The transaction was highlighted by the acquisition of a loan portfolio from Summa Capital Corporation, a 30-year-old, low charge-off ABL company with attractive yields, as well as the raising of a sizeable revolving credit facility to fund ongoing loan originations. NMC was founded in 2009 by three former management team members of Business Alliance Capital Corp, a highly successful ABL company that was sold to Sovereign Bank in July 2005.
Date of Investment: October 2010 Website: www.northmillcapital.com MCP Contact: Travis Metz
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