December 20, 2024 – New Canaan Funding Mezzanine VII SBIC, LP (“NCF VII SBIC”) provided financing to support the recapitalization of Associated Luxury Hotels International (“ALHI” or the “Company”) by Boathouse Capital Partners (“Boathouse”). NCF provided debt as part of this recapitalization to support growth initiatives and accretive acquisitions.
ALHI, headquartered in Orland, Florida, works with meeting professionals, association managers, incentive/recognition specialists and business executives across North America and around the world to create effective solutions for tens of thousands of programs and events. ALHI is the premier global sales organization in North America and is dedicated exclusively to its member portfolio of Four and Five Diamond hotels and resorts worldwide.
New Canaan Funding (“NCF”), with offices in Naples, Florida, New Canaan, Connecticut and Wheaton, Illinois, is a mezzanine firm focused on the middle market private sponsor community. Since its beginnings in 1995, NCF has targeted acquisitions, recapitalizations and growth financings in conjunction with its private equity clients. NCF is currently investing out of its seventh fund. The investment in ALHI represents NCF VII SBIC’s fifteenth investment in the fund. This financing represents the first investment with Boathouse in NCF VII SBIC.
Boathouse Capital, based outside of Philadelphia, Pennsylvania, is a multi-strategy investment firm focused on investing in lower middle-market companies across the United States. The firm’s experienced team of investment and operating professionals have successfully created long-term collaborative partnerships with software and tech-enabled services businesses. Boathouse provides significant strategic and operational resources, empowering management teams to accelerate growth. Boathouse has completed more than 100 transactions and invested over $1.5 billion.
Contact and additional information for Boathouse Capital Partners can be found at https://www.boathousecapital.com/.
Contact at New Canaan Funding:
Brad Ament
bament@newcanaanfunding.com 630-690-7768