JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth women-led and natural products companies, announced a series of deals raising $72 million in gross proceeds. And the capital consists of a strategic combination of financing, including 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. And these deals represent the first time JPC has raised outside capital since its founding in March 2023 by ABL industry veteran Jennifer Palmer. Up to this point, the company was funded by various investments from the founder, friends, and family, and ultra-high-net-worth individuals.
JPC’s financing solutions and white-glove consultative services are designed to help businesses sustainably grow while enabling founders to retain their equity. This approach propelled the company to the forefront of the industry, fostering lasting partnerships and driving meaningful impact for clients.
The company specializes in high-growth businesses that do not fit traditional lenders’ criteria and has committed 51% of its portfolio to women-owned and -led companies and those that prioritize sustainability and inclusivity. So far, JPC has strategically funded a group of hand-selected clients, including 8Greens, Hippeas, Nona Lim, and Peace Coffee.
Texas Capital Securities acted as the exclusive strategic and financial advisor to JPalmer in connection with the capital raise.
KEY QUOTE:
“We’ve built incredible momentum over the first 18 months, and this capital raise will allow us to expand our portfolio and support innovative companies that are poised to make a significant impact in their industries, as well as continue our commitment to making financing more inclusive and meaningful. We are fortunate to have great partners in this raise. We chose Texas Capital Bank as our bank due to our longstanding relationship with key management and their commitment to partnering with lenders. Texas Capital Securities crafted this sophisticated deal, and we are incredibly impressed by the team’s expertise and professionalism.”
– Jennifer Palmer, Founder and CEO of JPC
