April 17, 2024
Leading impact investor, Advantage Capital, today announced the expansion of its senior leadership team, naming Brian Anderson, Tom Bitting and Franchesca Lorio as the firm’s newest Managing Directors.
“As we continue to grow and expand the scope of our operations and impact, strong leadership is essential,” said Steven Stull, President, Advantage Capital. “We are thrilled to name and announce these new additions to our senior leadership team, as each will play a prominent part in advancing and accelerating our investment strategy.”
Brian Anderson will continue his role as a leading member of the firm’s Investment Group, helping to guide deal sourcing efforts, and provide strategic oversight, due diligence and valuation analysis for current and prospective investments. Anderson is also the investment lead for the firm’s Empower the Change Fund—a growth equity fund dedicated to investing in underrepresented entrepreneurs and low and moderate income communities.
As a founding member of Advantage Capital’s renewable energy investment platform—which raised $1.2 billion in capital commitments last year—Tom Bitting leads on all aspects of investments, origination, and the asset management process for renewable energy funds. Bitting also serves as a member of the renewables Investment Committee.
Franchesca Lorio provides leadership in all aspects of the firm’s accounting and financial management across all business lines. Additionally, she directs the firm’s information management systems and has overall responsibility for periodic reporting to the firm’s investors, lenders and other various stakeholders.
Anderson, Bitting and Lorio have all held previous leadership positions within the firm. As Managing Directors, they will help shape the strategic direction of the firm going forward, bringing their leadership and valuable expertise to support small businesses, finance affordable homes and expand access to renewable energy solutions.
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About Advantage Capital
Advantage Capital is a leading impact investment firm with an emphasis on driving capital to underserved areas. The firm provides flexible financing to growth-ready entrepreneurs and industries located in communities that often lack access to conventional sources of capital. Since 1992, the firm has invested more than $4 billion in more than 900 companies to support more than 67,000 quality jobs. The firm also invests with intention in affordable housing developments and renewable energy solutions to grow economies and communities. Learn more at Advantagecap.com.
Contacts
AdvantageCapital
Joe Stosberg, Communications Manager
jstosberg@advantagecap.com
Advantage Capital is an Investment Adviser registered with the U.S. Securities & Exchange Commission. Such registration, however, does not imply a certain level of skill or training. This release has been prepared for informational purposes and to announce a prior event, and nothing herein should be construed as an offer of investment advisory services or as an offer to sell or a solicitation of an offer to purchase any securities or investment product. All offers of investment interests in any fund or investment vehicle managed directly or indirectly by Advantage Capital are and will be made only to qualified prospective investors pursuant to separate and definitive offering and subscription documents in accordance with applicable federal and state securities laws. Advantage Capital is an equal opportunity provider.
