Bringing you live news and features since 2006 

Kawa Capital Management funds USD11.25m loan to ExcelCredit SAS

RELATED TOPICS​

Kawa Capital Management, Inc. today announced the funding of a USD11.25 million loan to ExcelCredit SAS, an established provider of pension and salary advances to Colombian civilians and employees of certain Colombian federal agencies.

The funding of this loan was accomplished primarily on Kawa’s online investor platform, which allows accredited investors to invest in institutional quality deals. The loan was funded pursuant to loan participations sold by a special purpose vehicle owned by Kawa Capital Management, Inc. 
 
The loan is secured by a pool of roughly 2,600 loan advances made to existing ExcelCredit borrowers, and will broaden the company’s funding sources and boost its origination capabilities. Each advance is repaid by a Colombian federal agency, so Kawa believes the primary credit risk associated with the loan is the Colombian Federal Government, which is investment grade rated (S&P BBB-).
 
Founded in 2007, Kawa is an independent asset manager focused on alternative investments. The firm deploys capital with a focus on long-term growth and capital preservation.
 
“We are pleased to announce this investment in ExcelCredit, a company that is truly filling a market need given the lack of traditional forms of consumer credit available in Colombia,” said Daniel Ades, founder and managing partner of Kawa. “We look forward to helping them bring their valuable offerings to a broader market.”
 
“We are excited to receive this funding from Kawa, as it will allow us to diversify our capital base and access US capital markets,” says Moris Mishaan, head of business development of ExcelCredit.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by