Experity Ventures gets $65 million credit facility to grow ProMed

By Taylor Fox

New York, Aug. 3 – Experity Ventures, LLC has closed on a structured credit facility for an initial $65 million that can be expanded to up to $100 million to support its growth plan for ProMed Capital, a newly acquired portfolio company for Experity, according to a news release.

“We were able to conclude this transaction under very favorable terms with a partner that sees the value of our platform and is equally excited to help us realize our growth potential,” said Experity chief executive officer Ryan Silverman in a news release.

Experity is the parent company for specialty finance and legal funding related services businesses and is based in Conshohocken, Pa.

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