A predecessor of Macanta invested in the founding round of financing for Encina Business Credit LLC (www.encinabc.com), a new independent asset-based lending (ABL) platform targeting middle market borrowers in the US and Canada that cannot obtain credit from traditional banks.

Encina is backed by affiliates of Oaktree Capital Management and Encina Capital Partners, a firm founded by a business relationship of Terry.

We believe that many smaller companies in the US are struggling to find appropriate financing for their businesses, and Terry had a successful experience with an ABL facility in Enesco LLC (see under Portfolio). Encina Business Credit was recapitalized in July 2021 for a successful exit.