Great Rock Capital Partners Launches as Middle Market Lending Firm
Aims to Close Funding Gap for Asset-Rich Companies
NEW YORK, Dec. 15, 2015 /PRNewswire/ -- Great Rock Capital Partners (Great Rock), a Connecticut-based investment management firm, today announced the launch of its lending platform that will provide asset based and asset backed loans for middle market companies whose financing needs are not being served by traditional bank lenders. Commercial finance and banking veteran Stuart Armstrong will serve as Great Rock's Chief Executive Officer and Chief Investment Officer.
Great Rock will meet the changing needs of middle market companies looking for liquidity in a wide variety of situations, whether driven by desire for growth or operational and/or financial stress. Great Rock will provide a range of secured lending products and focus on refinancings, growth capital, bridge loans, rescue capital, bank replacement financings, acquisition and restructuring financings. Great Rock is being formed in partnership with Two Sigma Private Investments, which is also anchoring the specialty lending platform.
"We're pleased to be partnering with Stuart in creating Great Rock and look forward to working with the company to provide alternative customized financing solutions to companies in the middle market," said Jeff Nemanick, Senior Vice President, Two Sigma Private Investments. "Stuart brings a combination of significant business leadership experience, deep credit underwriting expertise and long-standing relationships to Great Rock, and we're confident in the company's potential."
Stuart Armstrong has over 25 years of commercial finance and banking experience. Most recently, he served as President of Great American Group's specialty lending division, GA Capital, and Chief Investment Officer of Great American Capital Partners. Mr. Armstrong was also a co-founder and Executive Vice President of Tygris Commercial Finance, President of Tygris Corporate Finance and President and CEO of Black Diamond Commercial Finance. Prior to that, Mr. Armstrong spent over 12 years at GE Capital, where he served as Senior Managing Director and leader of GE Corporate Lending's Vertical Industries.
"The current and long-term investment opportunity to support the middle market sector is significant, and we are excited Two Sigma sees this sector's investment potential as well," said Mr. Armstrong, CEO of Great Rock Capital Partners. "We are confident that our team's extensive experience in providing liquidity-driven financing solutions, paired with our deep industry relationships, will allow us to provide our middle market customers with the capital that they need to thrive in the current environment."
About Great Rock Capital Partners
Great Rock Capital Partners is an investment management firm focused on serving the needs of middle-market companies with a wide variety of secured lending products. Great Rock provides fast, flexible and creative financing solutions to maximize its customers' liquidity to enable them to better execute their business plans. To learn more, visit http://greatrockcapital.com/.
About Two Sigma Private Investments
Two Sigma Private Investments (TSPI) is the private markets investment division of Two Sigma. TSPI focuses on making investments in private equity, credit and special opportunities, real assets and venture capital primarily on behalf of Two Sigma's proprietary capital. The TSPI team is comprised of experienced professionals investing both directly and in partnership with other successful investment managers. TSPI seeks to capitalize on advantages afforded by its flexible capital approach and the strengths of the Two Sigma platform, while benefiting from Two Sigma's highly disciplined, institutional management. For more information please visit: http://www.twosigmapi.com/
SOURCE Two Sigma
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