Alliance Partners Helps Banks Help Business
The Friendship Heights asset management firm's new equipment finance lending team will focus on loans ranging from $5M to $100M.
It's an exciting month for Alliance Partners, an asset management and services firm in Friendship Heights. Last week, the firm wrapped up a $150 million capital raise, and on Monday it announced "the addition of an established equipment finance lending team to complement [its] existing corporate finance lending platform," according to a news statement. Alliance Partners (at 4445 Willard Ave., Chevy Chase) manages the assets of BancAlliance, a nearly 2-year-old "consortium of leading community and regional banks organized to evaluate and fund corporate commercial and industrial (C&I) loans and related services designed to improve the safety, profitability, and competitiveness of community banks," according to the statement. The addition of…
