Capital Business Credit has been renamed White Oak Commercial Finance.
White Oak Commercial Finance continues to provide asset-based loans, factoring and trade finance facilities between $1 million to $100 million for small and middle-market firms. Capital Business had been part of Richard Perry’s hedge fund empire for over a decade, but was put up for sale when Perry moved to close his hedge fund in September. CBC was acquired by White Oak Global Advisors in December 2016. The combined entity has provided more than $7 billion to over 500 companies, White Oak said. At the time of the transaction, CBC had over $300 million in loans out.
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