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Montfort Capital Announces Launch of Nuvo Financial
Montfort Capital Announces Launch of Nuvo Financial Canada NewsWire ~Montfort...
About this update from Montfort Capital Corp
[{"type":"text","content":"\n \n \n \n Montfort Capital Announces Launch of Nuvo Financial\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n ~Montfort launches new subsidiary to enter the large and expanding net asset value lending market offering loans to Canadian investment funds~\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Jan. 17, 2024\n \n \n /CNW/ -\n \n Montfort Capital Corp. (\"Montfort\" or the \"Company\")\n \n (TSXV: MONT) (OTCQB: MONTF), a trusted provider of focused private credit strategies for institutional investors, family offices, and wealth managers, today announced the launch of a new strategic growth initiative, Nuvo Financial (Nuvo), which is focused on providing net asset value (NAV) loans to small and mid-sized investment funds in\n \n Canada\n \n . The new private credit growth initiative has received up to\n \n $50 million\n \n of funding from a Canadian chartered bank.  Nuvo will leverage the core capabilities, resources, and infrastructure of\n \n Montfort\n \n , which currently manages a diversified collection of consumer and commercial private credit strategies.\n \n \n \"Nuvo is adding to\n \n Montfort's\n \n private credit business by offering net asset value-backed loans, known as 'NAV loans', primarily to small and mid-sized private market fund managers.  This is a specialized and fast-growing market in\n \n Canada\n \n and elsewhere,\" said\n \n Sam Hall\n \n , Vice President of Nuvo. \"The new business reflects our commitment to growth and strategic innovation in scalable private credit products and underscores our deep sector knowledge and ability to develop new business  opportuniti...