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On Sept. 9, 2021, funds managed by the Credit Group of Kramer Levin client Ares Management Corporation (Ares) announced that it has provided a $100 million credit facility to Nuula, a small business focused fintech company. The funding by Ares is in addition to up $20 million in new equity funding by Edison Partners. The $120 million in new funding will be in support of the Nuula mobile app.
Key contacts
David S. Berg
Partner, Head of Private Credit, US, New York
Michael McKay
Counsel, New York