NEW YORK — Dec. 1, 2020 — Wingspire Capital (“Wingspire”) announced that Allison Adornato has joined as Managing Director and National Head of Underwriting. Ms. Adornato will oversee the underwriting of Wingspire’s asset-based lending (“ABL”) products, which range from $20 million to $200 million in transaction size and include revolving lines of credit, fixed asset term loans and cash flow stretch term loans.
Before joining Wingspire, Ms. Adornato was a Managing Director and Underwriting Manager at Garrison Investment Group in New York, where she focused on direct lending. She was previously responsible for due diligence and execution of cash flow and ABL transactions. She also served on the Investment Committee at Garrison and the Board of Directors of various portfolio companies. Earlier in her career, Ms. Adornato was an underwriter in the Restructuring Group of CIT Business Credit.
“We are excited to add Allison’s critical thinking and creative mindset to Wingspire. Her experience in evaluating and structuring senior secured credit transactions will be immediately accretive,” said John Rosin, President & Chief Operating Officer of Wingspire.
ABOUT WINGSPIRE CAPITAL
Wingspire Capital focuses on the upper tier of the senior secured asset-based lending market by providing revolving credit lines and term loans ranging from $20 to $200 million. The Atlanta-based company serves mid-sized public and private businesses across numerous industries including manufacturing, distribution, retail, logistics, automotive, energy, consumer products, hospitality, lender finance and business services. Wingspire’s loans are secured by assets such as accounts receivable, inventory, equipment, real estate and intellectual property. Wingspire is a portfolio company of Owl Rock Capital Corporation (NYSE: ORCC). ORCC is externally managed by Owl Rock Capital Advisors LLC, an SEC-registered investment adviser. Owl Rock Capital Advisors LLC, together with its affiliates, is a New York based direct lending platform with approximately $20 billion of assets under management as of September 30, 2020. For more information about Wingspire, please visit wingspirecapital.com.