Altriarch Asset Management Acquires $30 Million Accounts Receivable Factoring Portfolio

Altriarch Asset Management, LLC (“Altriarch”) is pleased to announce the acquisition of a $30 million accounts receivable factoring portfolio from a fintech-enabled specialty finance platform (the “Seller”). The Seller made a strategic decision to exit trade finance and refocus resources on its core technology platform, creating an opportunity for Altriarch to acquire a select portion of its factoring book.

The acquired portfolio consists of more than 20 factoring accounts spanning a diverse range of industries, including manufacturing and industrial, international trade and commerce, business services, fashion and apparel, and food distribution. The underlying debtors include investment-grade, Fortune 500 companies across the United States, providing Altriarch with attractive credit exposure and a high-quality counterparty base.

The portfolio historically has a less than 1.0% dilution rate across $300 million+ in cumulative purchases, demonstrating a strong and consistent performance track record. With receivables turning on an average cycle of approximately 45 days, the portfolio offers high-yield, low-duration assets that support efficient capital recycling, consistent with Altriarch's disciplined approach to asset selection.

“This acquisition reflects our continued commitment to building a high-quality, diversified portfolio of short-duration credit assets with what we believe provide compelling risk-adjusted returns,” said Danielle Brown, General Partner & CEO at Altriarch. “The strength of the underlying obligor base, combined with an exceptional performance history, made this an ideal fit for our long-term growth strategy.”

Note: This announcement contains forward-looking statements subject to risks and uncertainties. Actual results may differ.