SAN FRANCISCO, March 31, 2020 /PRNewswire/ -- Resolute
Capital Partners ("RCP"), announced today the company has joined
Elliott Management, a hedge fund manager, and Soft Bank, a
high-tech funding firm, by investing alongside them in PLUM®
Lending ("PLUM"). Earlier this month, RCP completed a $2 million equity investment in PLUM through its
technology fund, Strategic Technology Assets II ("STA II"). STA II
invests in early-stage technology companies within the healthcare,
financial services, and regulatory sectors. RCP leadership believes
these sectors are defensible due to each sector's immense national
and global demands.
"More often, companies are demanding an investment partner that
can provide operational expertise and support in addition to
capital investments," said Thomas
Powell, senior managing partner and founder of Resolute
Capital Partners. "We are thrilled to make an investment in PLUM,
as they seek to revolutionize the commercial lending market. As our
world continues to evolve with events such as the COVID-19
pandemic, access to alternative forms of funding becomes
increasingly important."
PLUM is a financial technology company that combines data
intelligence with financial expertise to modernize commercial real
estate ("CRE") lending. It operates at the center of CRE finance,
data intelligence, deep expertise, capital sources and industry
relationships. PLUM continues to expand its network of financial
services, wealth managers, brokers and the CRE industry as a whole
to provide property owners with the best options for their
investments.
"I'm honored to partner with RCP, having first worked with Tom
during the early Silicon Valley days of the 1980's," said
Bill Fisher, CEO and founder of
PLUM. "RCP's technology fund promotes leading entrepreneurial
ventures, and we are excited Tom shares our enthusiasm of unlocking
CRE lending in underserved secondary markets."
Through STA II, Resolute Capital Partners' senior executives
seek to identify emerging trends and advancements in the fintech,
healthtech, and regtech fields that present strong investment
opportunities. Its focus on proven or high-potential,
early-stage companies in these three key sectors is aimed at
facilitating each company's growth and maximizing their market
share.
About Resolute Capital Partners
Resolute Capital
Partners ("RCP") is a private equity firm with offices in
San Francisco, Dallas and Minneapolis, that employs a seasoned executive
team which has placed more than $3
billion in institutional-grade and private securities
investments throughout their careers. RCP contributes professional
expertise and multi-level support towards companies that help them
realize their vision in structuring transactions, and offers proven
management techniques that yield flexibility and opportunity. Since
its founding in 2010, RCP has raised over $230 million in its various energy, technology,
and real estate funds. By partnering with issuers beyond Wall
Street, RCP is bringing capital to worthy projects.
For more information, please visit
www.resolutecapitalpartners.com.
Contact:
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Jill
Swartz
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Spotlight Marketing
Communications
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949.427.1389
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jill@spotlightmarcom.com
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SOURCE Resolute Capital Partners