Finance

Finance

Experience

  • Stradley Ronon Advises Yieldstreet in $200M Fintech Powersports Loan Investment Transaction with Octane

    The firm represented Yieldstreet Management, a leading private markets investment platform providing expanded alternative investments access to investors, in a $200 million investment in fintech powersports consumer loans acquired from, and to be serviced by, Octane Lending Inc. and its affiliate Roadrunner Financial. The investment was made with both equity investments from Yieldstreet investors and debt financing provided by JPMorgan Chase Bank NA. This was the third transaction in which Stradley Ronon represented Yieldstreet in making powersports loan purchases from Octane.

    For more information, read Octane’s announcement. 

    David H. Joseph, Kevin P. Kundra, Julie M. Murphy and Michael P. Bonner

  • Stradley Ronon Represents Yieldstreet in Fintech Travel Loan Investment Agreement with Upgrade

    A Stradley Ronon team advised Yieldstreet Management, a leading private markets investment platform providing expanded alternative investments access to investors, in an investment in fintech “buy now, pay later” (BNPL) consumer travel loans acquired from, and to be serviced by, Upgrade Inc., a fintech company offering various credit products to consumers. The travel loans acquired by Yieldstreet were originated using the Flex Pay platform, Upgrade’s BNPL financing solution.

    Read Yieldstreet’s announcement for more. 

    David H. Joseph and Kevin P. Kundra

  • Stradley Ronon Advises Yieldstreet in Life Settlements Investment Collaboration with Coventry

    Stradley Ronon represented Yieldstreet Management, a leading private markets investment platform providing expanded alternative investments access to investors, in an investment in life settlements acquired from, and to be serviced by, Coventry, a pioneer in creating the secondary market for life insurance. The investment involved Yieldstreet funds purchasing structured notes from a newly formed, special-purpose entity (SPE) formed by Coventry. The SPE used the note proceeds as secured debt financing to acquire the portfolio of life settlements from Coventry.

    For more information, read Yieldstreet’s announcement. 

    David H. Joseph, Kevin P. Kundra, Alexandra L. Rice and Thomas K. Durr

  • Stradley Ronon Serves as Oversight Manager for Patent Capital Funding 2025-A

    Stradley Ronon has been appointed oversight manager for the Patent Capital Funding 2025-A transaction. Patent Capital Funding (PCF) is a novel patent litigation finance platform, managed by Tenadio Corp. and Waterford Capital Inc., which marries elements of structured finance and more traditional litigation funding. PCF 2025-A involves $60 million in financing for a portfolio for six patent infringement cases involving claims across a wide variety of technologies. As oversight manager, the Stradley Ronon team performs independent due diligence and provides ongoing case monitoring and transaction management services for the PCF program. Stradley Ronon has partnered with PCF since its inception and has served as oversight manager on all transactions completed to date. 

    Learn more.

    David H. Joseph, Philip J. Foret, David P. Fitzgibbon and Joelle E. Polesky

  • Stradley Ronon Advises CenterSquare in Investment in Aligned Data Centers

    Stradley Ronon represented CenterSquare Investment Management, a global real estate investment manager, in connection with an equity investment in Aligned Data Centers, a fast-growing data center infrastructure technology company offering colocation and build-to-scale data center solutions. The investment, facilitated through CenterSquare’s strategic partnership with Macquarie Asset Management, will support Aligned’s expanding portfolio.

    For more information, read CenterSquare’s announcement.

    David H. Joseph, Kevin P. Kundra, Dean V. Krishna, Katrina L. Berishaj and Alexandra L. Rice

  • NewSpring Capital Provides Debt Financing for Vac2Go Acquisition

    Stradley Ronon client, NewSpring Capital, a private equity firm that partners with high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities, provided mezzanine debt financing and an equity co-investment in connection with the acquisition of Vac2Go, LLC, a leader in the growing vacuum truck industry. The acquisition will allow Vac2Go to grow its business and continue the expansion of its products and services.

    Thomas O. Ix

  • Appellate Court Victory for Hyperion Bank in Significant Title Dispute Litigation

    Stradley Ronon’s client, Hyperion Bank, was victorious in a significant decision for the banking industry. On July 28, 2022, the Superior Court of Pennsylvania affirmed the dismissal of a lawsuit against Hyperion Bank. The suit alleged fraudulent deed transfers and sought to render the transfers and Hyperion’s mortgage and other security interests null and void. The Court held that an action challenging a deed transfer accomplished through a sheriff’s tax sale pursuant to 53 P.S. § 7283, even assuming that such a challenge could survive the “absolute title” conveyed by the sheriff, is subject to a six-year statute of limitations and that the equitable doctrine of laches also precluded the plaintiff/appellant’s claims which challenged the tax sale and the bank’s security interests in the real estate approximately seven years later.

    Jeffrey D. Grossman

Firm Highlights