Pathlight Capital Agents Senior Secured Term Loan Facility for Second Avenue Capital Partners

BOSTON, Oct. 6, 2025 /PRNewswire/ -- Pathlight Capital LP ("Pathlight" or "Pathlight Capital") today announced that it is serving as the Administrative Agent on a senior secured term loan facility for Second Avenue Capital Partners ("SACP" or the "Company"), a provider of senior secured asset-based loans to corporate borrowers in the US and Canada, focused primarily on middle market retail and consumer product businesses. 

Proceeds from the credit facility will be used to support ongoing working capital needs for growth purposes.

"We're proud to support Second Avenue Capital Partners with term loan financing as they continue to scale their asset-based lending platform," said Kenny Smith, Managing Director at Pathlight Capital. "This transaction reflects our commitment to backing experienced management teams focused on building high-quality financial asset portfolios.  We're pleased to expand our partnership with SACP by providing capital to support their continued growth."

"Pathlight Capital has long been a trusted partner within our broader organization, and this new facility is a natural extension of that relationship," commented Aaron Miller, President of SB360 Holdings. "Their continued support enables us to scale thoughtfully and deliver meaningful impact to our clients. With more than $2 billion in originations since SACP's inception, we're excited to build on this foundation as we pursue new opportunities for growth."

Mark Gallivan, Founding Member and Head of Investments and Operations at Second Avenue Capital Partners, added, "SACP's creative capital and partnership-driven lending solutions have been well received by the market, fueling over seven years of unprecedented growth. As we enter our next stage of expansion, the partnership with Pathlight will help us meet the ever-increasing demand for our brand of flexible capital."

About Pathlight Capital
Pathlight Capital is a private credit investment manager dedicated to meeting the needs of companies that operate across a broad range of industries by providing asset-based loans secured on a first or second lien basis against tangible and intangible assets. Pathlight aims to provide creative financing solutions to allow management teams to access incremental liquidity for the purposes of funding working capital, debt refinancings, growth, acquisitions, dividends and turnaround strategies. For more information, please visit  www.pathlightcapital.com. 

About Second Avenue Capital Partners
Second Avenue Capital Partners, LLC, the lending arm of Schottenstein Affiliate SB360 Holdings, is a finance company specializing in asset-based loans for the broader retail and consumer products industry. Focused on serving middle-market companies, SACP leverages the experience of retail operators, product merchants, and lenders to provide an array of customized, capital solutions for businesses. This unique merchant perspective gives SACP the ability to recognize and unlock value in assets other capital providers often overlook or don't understand. For more information, please visit www.sacp.com.

The information presented in this release is the opinion of Pathlight Capital LP and does not reflect the view of any other person or entity. The above is for information purposes and should not be construed as an investment recommendation. 

This release may contain an endorsement from an individual who may be supporting or recommending the activities of Pathlight Capital LP. Such individual has not been compensated directly or indirectly by Pathlight Capital LP for the use of his statements. The statements represent endorsement by that individual only and may not represent the experience of all counterparties.

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SOURCE Pathlight Capital