Search
 

CapitalSource Opens Finance Business With $540 Mil

WASHINGTON, DC-Finance startup CapitalSource Holdings plans to finance small and mid-sized firms, organizing its business around industry groups. The company has leveraged its $540 million in equity to extend $2.5 billion in lending capacity.

By Mike Cleary | Updated on October 17, 2000

WASHINGTON, DC-Not too many businesses can hang out a shingle boasting the ability to lend $2.5 billion. That’s what the Washington, DC startup CapitalSource Holdings LLC says it can do, leveraging $540 million in equity commitments in an agreement with First Union Capital Partners.

CapitalSource was founded by two financing veterans: John Delaney, who started and last year sold HealthCare Financial Partners for $500 million, and Jason Fish, former general partner with Farallon Capital Management.Based in Washington, DC with offices in Boston, San Francisco and Philadelphia, the company aims to fund small and mid-sized companies that have trouble getting funding. Lenders have focused intensely on companies in hot industries like telecommunications and the Internet.

“Liquidity is much more narrow in its focus since late 1998,” when Russia defaulted on its debts and plunged financial markets into a tailspin around the globe, Delaney says in published reports.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.