CAC Specialty and Fortress Equipped to Provide Financing Amid COVID-19 Impacts
Mar 19, 2020
CAC Specialty, through its strategic relationship with Fortress, is equipped to provide financing for CAC clients facing liquidity pressure due to the direct and indirect impact from COVID-19
DENVER, CO – March 18, 2020 – CAC Specialty previously announced the formation of a strategic relationship with funds managed by affiliates of Fortress Investment Group LLC (“Fortress”).
The strategic relationship with Fortress allows CAC Specialty to support the capital needs of its clients in connection with acquisitions, recapitalizations, growth capital and other bespoke financing transactions. Through this relationship, Fortress is equipped to provide short-term financing for CAC clients facing liquidity pressure due to the direct and indirect impact from COVID-19.
“During this challenging time, we are confident in our ability to help our clients solve problems,” said Bruce Denson Jr., president of CAC Specialty and Cobbs Allen. “Our relationship with Fortress gives us significant tools to help our clients weather this storm.”