Heritage Global Capital reaches $100M milestone

Heritage Global Capital, a division of Heritage Global, announced that to date it has, together with its senior lenders, funded financial portfolio acquisitions of $100M. "Reaching the $100M mark is an exciting milestone for us and demonstrates our ability to leverage the opportunities we’re seeing as the current economic environment continues to drive significant increases in charge-off volume. Over the years, we’ve developed strong client relationships as well as strategic lending partnerships, and these, coupled with the extensive experience and knowledge of our HGC management team, position us well in our goal to become a premier lender. As we celebrate this milestone, we also look forward to continuing to support our clients, and believe our achievement of the next $100M in funding is just over the horizon," commented Ross Dove, CEO of Heritage Global Inc.