Wingspire Capital has provided a senior secured credit facility to Reservoir Communications Group, LLC, a Washington, D.C.-based health care consultancy, to fund its growth initiatives, staff expansion, and technology investments.
The financing was completed in collaboration with a debt and equity investment from Avante Capital Partners, giving Reservoir Communications Group increased liquidity and flexibility to scale its operations. The firm, founded in 2014, advises health care clients on complex industry issues, advocacy challenges, and reputation management.
“Wingspire Capital enjoyed working alongside Avante Capital Partners to provide capital that helps drive growth and value creation for Reservoir Communications Group,” said Ryan Jones, Managing Director at Wingspire Capital.
Reservoir Communications Group is a portfolio company of Periscope Equity, a Chicago-based private equity firm that invests in technology-powered, founder-led business services companies.
Wingspire Capital, a division of Blue Owl Capital Corporation (NYSE: OBDC), provides financing solutions of up to $200 million for middle-market businesses across various industries, including health care, manufacturing, and technology.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!
No tags available