Premium Financing Funding

Patriot Group Provides $45 Million Credit Facility to Peachtree Settlement Funding

DARIEN, Conn.–(BUSINESS WIRE)–The Patriot Group, LLC, an emerging leader in specialty finance solutions for businesses at all growth stages, today announced that it has provided a $45 million, three-year, senior secured credit facility to Peachtree Settlement Funding. Peachtree Settlement Funding is a specialty finance company that purchases and finances life settlements, life insurance premiums, structured settlements, lottery awards and a variety of other annuity streams. The credit facility developed by Patriot will provide financing for life insurance premium finance loans made by Peachtree.

Patriot has the experience and resources to provide flexible capital solutions to businesses of every type and size, even in challenging credit environments, said Charles A. Forbes, Jr., Managing Partner and President of Patriot’s Asset Funding Solutions division. We are very pleased to have the opportunity to work with Peachtree, an industry leader in the life insurance premium finance space.

The credit facility provided by Patriot will enable us to continue to grow Peachtree’s premium finance business into the next decade, said James Terlizzi, CEO of Peachtree Settlement Funding. We have known Patriot’s principals for over ten years and have enormous faith in their capabilities. We are heartened by the confidence they have demonstrated in Peachtree by choosing to work with us.

About The Patriot Group, LLC

Founded in 2002, The Patriot Group, LLC is a leading specialty finance, investment, and asset management company that provides funding solutions to clients across a wide variety of asset types. With its streamlined infrastructure, Patriot provides flexible, custom-tailored capital that benefits clients that are underserved by traditional financing sources. Patriot serves clients with a broad range of products across the capital structure, including senior and mezzanine financing, asset purchase facilities, repurchase financing, working capital loans and equity financing.

About Peachtree Settlement Funding

Peachtree Settlement Funding, a subsidiary of Peach Holdings, Inc., is a specialty factoring company that purchases high-quality deferred payment obligations. Through its group of affiliated companies, Peachtree caters to clients seeking to sell structured legal settlements, life settlements, annuity payments, lottery prize payments, sweepstakes awards and sports contract payments. In addition, Peachtree provides cash advances to people with pending personal injury claims. Peachtree has purchased over $4 billion of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on underserved markets.

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For more information about Life Insurance Premium Financing, call toll free 1-888-973-8377.