Alliance Partners Closes $75 Million Equity Raise, Enters into $200 Million Warehouse Credit Facility and Names Steven A. Museles Executive Vice President

CHEVY CHASE, Md.--(BUSINESS WIRE)--

Alliance Partners, an asset management and advisory firm, announced today that it has:

• Closed a $75 Million equity round with existing investors BlueMountain Capital and BlackRock, bringing the company's total paid-in-capital to $245 million;
• Entered into a $200 million warehouse credit facility led by Wells Fargo Bank, NA as administrative agent; and
• Hired Steven A. Museles, former Co-CEO of CapitalSource CSE, as Executive Vice President and General Counsel.

“This funding positions our company for further growth and deepens our capacity to execute loan transactions on behalf of our expanding client base, including our BancAlliance network,” said Lewis A. (Lee) Sachs, CEO of Alliance Partners.

The Company's BancAlliance network has grown to over 135 banks in 34 states with over $142 Billion in assets. “As our growth continues, having someone with Steve's legal and lending background on our management team will be invaluable in helping us further develop and execute our business strategy,” Sachs concluded.

About Alliance Partners

Alliance Partners is an asset management and advisory firm focused on helping regulated financial institutions and other investors optimize their asset strategies and build more profitable and more balanced loan and investment portfolios. Learn more at www.alliancepartners.com.

About BancAlliance

The BancAlliance network is a shared corporate and specialty lending platform that identifies, evaluates, and refers loan and lease opportunities to its community bank members. In addition, members have access to ongoing monitoring of all loans and leases sourced through the network. Our mission is to enable our members, the banks that direct our activities, to prudently diversify into high-quality corporate and specialty loans and leases in a manner consistent with the highest commercial and regulatory standards – without changing the nature or mission of the traditional community bank. BancAlliance has over 135 member banks located in 34 states. Learn more at www.bancalliance.com.