Chicago Atlantic

“Jumping up in ranking ... is Chicago Atlantic Real Estate Finance. The commercial mortgage REIT has taken advantage of the continuing unavailability of bank financing and the closing of the equity window to most cannabis operators in recent years to build a $356-million portfolio of loans, and grew revenue 17 percent in 2023." https://lnkd.in/gTXHm7mk  

We're #hiring a Vice President, Underwriting and Portfolio Management. Check out the role and apply today!

Thank you, Financial Analysts' Society of Puerto Rico - The group hosted Founding Partner Andreas Bodmeier, Ph.D. to discuss Growth Opportunities and Pitfalls in the U.S. State-Licensed Cannabis Market.

One hears the term "equity kicker" often in the debt financing industry. But what exactly is an equity kicker, and why is it advantageous to investors? The latest article in our Founding Partner series explains this underappreciated value-add in clear and actionable terms: https://lnkd.in/gGp3hAns cc: Tony Cappell John Mazarakis Andreas Bodmeier, Ph.D. Chicago Atlantic

Chicago Atlantic Founding Partner Tony Cappell interviewed on Making Markets, Colossus Media Group’s fastest-growing financial podcast, exploring the structure behind our niche, alternative lower middle market strategies. 𝗟𝗶𝘀𝘁𝗲𝗻 𝗼𝗻 𝗔𝗽𝗽𝗹𝗲, 𝗦𝗽𝗼𝘁𝗶𝗳𝘆 𝗮𝗻𝗱 𝗮𝗹𝗹 𝗺𝗮𝗷𝗼𝗿 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺𝘀: https://lnkd.in/g3eApftd "We find successful borrowers that are challenged by securing funding from traditional lenders. These investments are often in the lower middle market, high growth and technology segments with less private capital allocation, which provides lenders higher spread, overcollateralization, and low loan-to-values.” "Nascent industries are often operationally intensive – Evaluating their success goes beyond traditional credit metrics like free cash flow and fixed charge coverage. The best borrowers are vertically integrated, with multiple state protected licenses, brand recognition, favorable local conditions and built-in upside in correlation with potential policy shifts.”

At SuperReturn International in Berlin, our team seized every opportunity to engage with fellow leaders in private capital while presenting the Chicago Atlantic story. From ever-changing state of the market updates with Centerbridge Partners, L.P.'s Jeff Aronson and The Carlyle Group's David Rubenstein, to a practical overview of AI with Orlando Bravo, it was a privilege to connect and learn.

Another exciting week in the sports tech world 🔥🚀 Here’s some of what went down: • Former Milwaukee Bucks Inc. Owner Marc Lasry secures almost a half billion in funding for sports fund • Liberty Global acquires Formula E stake from Warner Bros. Discovery • Hudl in talks to buy soccer analytics company StatsBomb •AnyCreek raises $1.8M in seed funding • Deemples raises $2M in funding • Chicago Atlantic provides debt financing to GF Sports & Entertainment • United Soccer League (USL) & Peacock announce multiyear agreement • FC Barcelona & Hewlett Packard Enterprise join forces • D3 Sports Tech partners with INSPO Tour - ONEDER SHOT • Sotheby’s & Fanatics Team Up To Offer Rare Sports Trading Card Auctions • Chicago Bears Rookie QB Caleb Williams launches 888 Midas • NY Jets QB Tyrod Taylor purchases a stake in Westchester Elite Soccer Club • MLS Cup-winning superstar Kellyn Acosta invests in TOCA Football • Video Game Football Manager finally licenses The Premier League Subscribe to Vetted Sports to get the latest industry news 📩 ⬇️ #sportstech #sportsbusiness #investing https://lnkd.in/eZh_cuTJ

Our growth and technology finance strategy announces debt financing for GF Sports & Entertainment, owners of the Dallas Open. Thank you Chairman Gary Fuhrman and President Shawn Tilger for the opportunity to partner within this growing alternative asset class. https://lnkd.in/gEvH3S9e cc: Tony Cappell David Enright Kyle Barthel

𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐑𝐢𝐬𝐤𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐔.𝐒. 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐂𝐫𝐞𝐝𝐢𝐭 Chicago Atlantic joined Harbor Ithaka and 90+ general partners and portfolio managers to discuss alternative investing in the current “Golden Age of Credit Allocation.” Key takeaways: ·        𝐋𝐨𝐨𝐤 𝐁𝐞𝐲𝐨𝐧𝐝 𝐭𝐡𝐞 𝐁𝐨𝐨𝐦: The past decade of growth in private credit has made a more diverse range of options available to investors. But look a layer deeper, and you’ll find a vast majority of the increased transaction flow corresponds to sponsored loans, with conditions leaning towards the covenant-lite terms we saw ahead of the 2007 financial crisis. This significantly dilutes credit protections for the lender - A byproduct of high competition in this segment of the market. ·       𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐋𝐞𝐬𝐬 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐒𝐞𝐠��𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐎𝐯𝐞𝐫𝐜𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥𝐢𝐳𝐞𝐝 𝐋𝐨𝐚𝐧𝐬: By focusing on specialized industries and companies that are difficult to underwrite by traditional lenders, we are able to find borrowers with favorable credit profiles and construct loan packages that are attractive to both lender and investors. These loans have strong covenants, a high level of collateral and lower loan-to-values, thereby mitigating risk. It’s this risk mitigation at the deal level, but also at the portfolio level, which can insulate both investor and borrower without sacrificing covenants or credit protections just to win the deal. cc: Tony Cappell Raúl Markos, TEP Rafael A. Alcantara Lansberg Javier Miñana Alonso

Workbox raised $17.5 million in its Series A equity round with a follow-on option to secure an additional $5.5 million. Led by Chicago Atlantic, this round of funding will help Workbox accelerate its growth across the United States.