SLR Capital Companions has appointed Mac Fowle as president of asset-based lending (ABL) because the agency expands its specialty finance capabilities.

Fowle, who has already joined SLR, will lead the enlargement of its ABL platform, with a deal with rising SLR’s ABL capabilities past the platform’s present ABL franchise.

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SLR, which is a non-public credit score platform working in specialty finance direct lending to US center market corporations, has been investing in personal credit score verticals since 2012, together with factoring, accounts receivable financing, stock lending, lending towards industrial finance portfolios, tools financing and leasing, and life sciences finance.

Fowle brings his greater than 20 years of expertise within the ABL trade for US center market debtors to the position.

Previous to becoming a member of SLR, he was world head of asset-based lending at JP Morgan Business Banking, the place he was answerable for main the ABL group and supporting consumer financing wants for industrial and funding banking purchasers.

Earlier than this, he served as chief danger officer for ABL at JP Morgan Business Banking and was a managing director in excessive yield and leveraged mortgage capital markets, the place he was answerable for originating and distributing ABL loans, leveraged loans, and high-yield bonds. He joined JP Morgan in 2007.

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“His management, expertise, and experience throughout asset-based lending shall be invaluable as we construct on the agency’s practically twenty years of success, making certain that each debtors and buyers profit from the total energy of our platform,” mentioned SLR co-founders Bruce Spohler and Michael Gross.

“We sit up for working intently with Mac as we capitalise on the engaging setting and substantial addressable marketplace for ABL in North America.”

In his new position, Fowle will report back to Spohler and Gross, in addition to Cedric Henley, chief danger officer of specialty finance.

“SLR has constructed a longstanding and complete platform with a formidable observe file throughout a number of specialty finance asset lessons, and I sit up for working with the staff to additional broaden the agency’s ABL providing for each our buyers and debtors,” added Fowle.

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