White Oak Global Advisors, LLC announced that it has formed a new healthcare finance platform in partnership with Isaac Soleimani, former Chairman and CEO of Healthcare Finance Group, LLC. Soleimani has joined White Oak as Managing Director and Partner, White Oak Healthcare Finance. This will enhance White Oak’s current platform which includes direct lending, equipment financing, asset-based lending (ABL), and opportunistic credit.
“We are very excited about this important strategic expansion of White Oak and pleased to have Isaac join our senior management team, especially given his wealth of experience in healthcare lending and his proven track record in building a premier specialty finance organization,” said Andre A. Hakkak, Founder and Managing Partner of White Oak. “With over 26 year of financing experience through various economic and healthcare regulatory cycles, especially his company’s successful navigation of the 2008 financial market crisis, Isaac brings to the table a unique, battle-tested perspective which we value highly at White Oak,” added Hakkak.
“I am thrilled about the opportunity to create a comprehensive healthcare lending platform and to establish White Oak as a leader in middle market healthcare finance,” said Soleimani. He added, “With over $2 billion in capital available for discretionary investment, and an impressive, highly sophisticated existing middle market lending platform, White Oak is the perfect partner with whom to launch this healthcare lending business and to offer a unique value proposition to middle market healthcare companies nationwide.”
Mr. Soleimani previously founded, ran and successfully sold Healthcare Finance Group, LLC (“HFG”), a nationwide commercial finance company specializing in the healthcare industry. He served as the Chairman and Chief Executive Officer of HFG and as a member of its Credit Committee. During Mr. Soleimani’s tenure at the helm of HFG, the firm grew from a start up to become the premier healthcare ABL lender in the country. HFG provided in excess of $21 billion in receivables financing during its history, with zero credit losses.
White Oak Global Advisors, LLC is an SEC-registered investment advisor that directly originates private debt financings to middle-market companies to support their growth initiatives. White Oak’s product suite includes asset-based secured term loans and credit facilities, cash flow based term loans, unitranche facilities, rescue and debtor-in-possession (DIP) financings, in/out of court restructurings, acquisition and capital expenditure facilities and other structured finance instruments. With over $2.5 billion in capital, White Oak has made investments in companies with enterprise values of between $50 million and $1 billion across a diverse range of industries and sectors. Headquartered in San Francisco, White Oak has additional offices in New York City, Denver, Atlanta and Chicago.