Structured trade financier Lat20 secures additional funding

Structured trade financier Lat20 secures additional funding

Loans Structured Finance

Structured trade finance unit Latitude20 Capital Partners (Lat20) has secured additional funding from Corrum Capital Management after the pair inked a partnership to aid Latin America's small- and medium-sized enterprises (SMEs).

The private investment firm will commit up to $250m towards the partnership with Lat20, enabling the latter to serve as Corrum Capital's trade finance platform in the region.

Lat20 also closed a senior secured credit facility with Tennenbaum Capital Partners, which has now been acquired by BlackRock, Lat20 said in a statement.

Founded in 2014, Lat20 provides senior structured trade facilities to agriculture, aquaculture-based SME exporters and processors.

 

Image: Charlotte Hearst Tower - Corrum Capital Management HQ. By Valerie/ Flickr