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Investments: Current Investments: Brooke Credit Corporation
Brooke Credit Corporation |  Investment Date: NOV 2006  |  Investment Type: Growth Financing

Business Description:
Aleritas Capital, formerly known as Brooke Credit, is a specialty finance company that originates loans to independent and certain captive insurance agencies, managing general agencies and funeral home owners. The company is based in Overland Park, KS.

Falcon Solution:
The company had a complex capital structure consisting of numerous securitizations and various funding sources. Falcon structured its investment to be secured by first and second liens on various distinct pools of assets, creating for the company the liquidity needed to finance its rapid growth. Falcon structured and led the investment of the senior secured notes with warrants.

 

 

 

 

Industry:
Specialty finance
Sponsor:
Management
Securities:
Senior secured notes with warrants
Financing Challenge:
Complex capital structure involving numerous securitizations and capital sources
Exit Date:
March 2008