SLR Capital Partners hires president of ABL

SLR Capital Partners has appointed Mac Fowle as president of asset-based lending (ABL) as the firm expands its specialty finance capabilities.

Fowle, who has already joined SLR, will lead the expansion of its ABL platform, with a focus on growing SLR’s ABL capabilities beyond the platform’s existing ABL franchise.

SLR, which is a private credit platform operating in specialty finance direct lending to US middle market companies, has been investing in private credit verticals since 2012, including factoring, accounts receivable financing, inventory lending, lending against commercial finance portfolios, equipment financing and leasing, and life sciences finance.

Fowle brings his more than 20 years of experience in the ABL industry for US middle market borrowers to the role.

Prior to joining SLR, he was global head of asset-based lending at JP Morgan Commercial Banking, where he was responsible for leading the ABL group and supporting client financing needs for commercial and investment banking clients.

Before this, he served as chief risk officer for ABL at JP Morgan Commercial Banking and was a managing director in high yield and leveraged loan capital markets, where he was responsible for originating and distributing ABL loans, leveraged loans, and high-yield bonds. He joined JP Morgan in 2007.

“His leadership, experience, and expertise across asset-based lending will be invaluable as we build on the firm’s nearly two decades of success, ensuring that both borrowers and investors benefit from the full strength of our platform,” said SLR co-founders Bruce Spohler and Michael Gross.

“We look forward to working closely with Mac as we capitalise on the attractive environment and substantial addressable market for ABL in North America.”

In his new role, Fowle will report to Spohler and Gross, as well as Cedric Henley, chief risk officer of specialty finance.

“SLR has built a longstanding and comprehensive platform with an impressive track record across multiple specialty finance asset classes, and I look forward to working with the team to further broaden the firm’s ABL offering for both our investors and borrowers,” added Fowle.