Algoma Capital, a Chicago, IL-based firm that helps small and middle market companies grow in the beverage space, launched $100M credit fund for whiskey brands and distilleries.
Led by CEO and Founder Brian Rosen, Algoma Capital provides capital to small and middle market companies and suppliers to grow in the beverage space, to own brands, barrels and fixtures ahead of supportive cash flow, and offers flexible loan terms tailored to needs of the whiskey community.
The firm will deploy up toĀ $10MĀ or more in each investment.
Algoma Capital is a sister company to InvestBev, a private equity provider to the alcohol beverage industry with overĀ $250Ā in AUM. Algoma Capital is aĀ Growth BeverageĀ company, which also houses BevStrat, InvestBev and Sprout Beverage. With the addition of Algoma Capital, Growth Beverage is now a one-stop location for the four disciplines a brand needs: acceleration, incubation, sales/marketing and credit/private equity.
Commenting on the news, Brian Rosen said : “The lending environment for distilleries, barrel buyers and brands can be challenging. Banks and other capital providers move slow and bury the supplier in paperwork and diligence. We are from the spirit business and take pride in helping our peers with easy access to capital and a welcoming path into the Growth Beverage eco system. With over $30M in term sheets out already, we know we have tapped a desire for barrel buyers to work with industry veterans.”
FinSMEs
22/08/2023