Stifel Financial Corp. (NYSE: SF), a financial services holding company headquartered in St. Louis, Missouri, launched a venture banking and lending business.
Led by a group of industry veterans led by Brad Ellis (Managing Director) and Nathaniel Stone (Director), the new initiative is dedicated to providing debt capital financing and commercial banking solutions to growth companies and their backers.
With a national coverage focus, the Stifel Venture Banking and Lending Group is targeting early stage startups through mature growth companies, with specific focus on the technology, healthcare, and life sciences industries.
Based in New York City, the new program offers senior secured loans up to $40m for working capital and growth capital needs, with the ability to syndicate larger opportunities.
Stifel is also focused on fund-level banking and lending for private investment firms of all types including private equity, venture capital, private credit, real estate, fund of funds, and others.
The Fund Banking group offers capital call/subscription lines of credit in excess of $100m, treasury management tools, and relationship management with a single point of contact. This business is already working strategically with Stifel’s investment bank, wealth management platform, and the fund placement services provided by Stifel-owned Eaton Partners.
Brad Ellis brings 13 years of experience banking and lending to businesses and investment funds in the technology and life sciences industries. Most recently, he was Managing Director at Square 1 Bank with responsibility for the firm’s New York region, including all lending and portfolio management operations.
Nathaniel Stone has spent his entire career working with technology businesses in advisory, investing and operational capacities. He was most recently a Senior Lender at Square 1 Bank, where he led sourcing, underwriting, and relationship management for the New York region.
The team also includes
– Managing Director Philip Gager, who heads up the Healthcare and Life Sciences team out of Boston, a role he previously held at Square 1 Bank
– Director Alan Faulkner, who is responsible for coverage of the Southeastern United States
– Director Mike Breaux, who leads the Fund Banking effort
– Senior Vice President Jim D’Elisa, who focuses on the treasury and cash management needs of commercial customers.
FinSMEs
19/07/2019