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JPalmer Collective Raises $72 Million in Series of Deals

Nov 03, 2024over 1 year ago

Contract Type

partnership

Financial ServicesLending

Description

JPalmer Collective (JPC) announced a series of deals raising $72 million in gross proceeds, comprising of a senior revolving credit facility provided by Texas Capital Bank, a mezzanine credit facility from a New York-based institutional alternative asset manager, and a common equity infusion. This funding round will accelerate JPC’s growth trajectory and fund new loans to JPC borrower clients, allowing the company to expand its portfolio and support innovative companies poised to make a significant impact in their industries.

Company Information

Company

JPalmer Collective

About

JPalmer Collective (JPC) is an asset-based lending company committed to funding high-growth women-led and natural products companies. The company was founded in March 2023 by ABL industry veteran Jennifer Palmer and specializes in high-growth businesses that do not fit traditional lenders’ criteria. It has committed 51% of its portfolio to women-owned and -led companies and those that prioritize sustainability and inclusivity.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months