FLOCK Launches Specialty Finance Company for Debt Buyers

Flock Advisors, a leading financing group to middle market debt buyers and collection agencies, has raised a new round of capital with a group of institutional investors that will expand Flock’s ability to offer creative financing solutions for debt portfolio purchases, refinancing, and strategic balance sheet reengineering.  As a result, Flock has launched a new company called FLOCK Specialty Finance, and will expand its staff in the months ahead.

The new capital structure gives founder Michael R. Flock and his team new capabilities for deeper lending relationships typically offered by specialty finance firms.  Middle market debt buyers and collection businesses will now have a financing source that will help them navigate the turbulent changes affecting the industry.

“When industry complexity and government supervision increase, traditional funding sources are no longer adequate to maintain a company’s competitive position, much less grow,” said Flock, who also serves as Chairman and Chief Executive Officer. “A specialty finance company provides not only capital, but also the expertise to ensure that the financing solution meets the financial and strategic needs of a company.   We look forward to developing trusted working relationships with debt buyers to grow their business and maximize their profits and performance in a wide variety of asset classes.”

FLOCK’s relationships, operating experience, investment banking and proprietary funding vehicles provide customized solutions for middle market debt buyers.  According to Donald C. Hilbert, Chief Financial Officer, “Our Specialty Finance Company closed on institutional funding with the potential purchasing power of $350 million over the next three years.  This will allow FLOCK to fund larger deals, invest in more asset classes and provide more flexible funding terms.”

FLOCK’s mission is to provide clients with capital and expertise needed to optimize both portfolio purchases and the company’s financial value.  FLOCK is “more than a transaction.”