Our Strategy
Through the years, we have converged on a set of attractive asset categories, targeting investments in real estate, consumer finance, commercial finance, and litigation finance.
Our Strategy
Through the years, we have converged on a set of attractive asset categories, targeting investments in real estate, consumer finance, commercial finance, and litigation finance.
Ovation seeks assets that provide:
  • Principal protection
  • Attractive yields
  • Consistent cash flow
  • Moderate duration
  • Minimal correlation to public markets
Real Estate
Collateralized real estate lending and niche property acquisition.
Sub-Strategies:
  • Acquisition, Development, & Bridge Lending
  • Structured Preferred Equity
Transaction Examples
Senior secured, first lien term loan to finance the acquisition and entitlement of commercial property in downtown Austin, TX
Programmatic purchase agreement for Texas tax lien transfers held in an SPV
Preferred equity to finance the acquisition and horizontal development of residential subdivisions
Senior secured, first lien term loan to finance the acquisition and horizontal development of a luxury home and resort development in La Quinta, CA
Consumer Finance
Providing credit to consumers to assist with various spending activities, such as the purchase of a good or service or for other personal uses.
Sub-Strategies:
  • Installment Loans
  • Point of Sale Financing
  • Non-Performing Debt
  • Auto Finance
Transaction Examples
Receivables and inventory-backed, senior secured, first lien revolving credit facility to an auto finance company to support growth
Receivables-backed, junior secured, second lien revolving line of credit to company financing consumer fifth-wheel RVs
Junior secured, second lien term loan and equity investment to support the management buyout of a regional installment loan company
Programmatic purchase agreement for consumer home improvement loans held in an SPV
Commercial Finance
Providing capital to small and medium-sized businesses.
Sub-Strategies:
  • Corporate & Asset-Backed Lending
  • Factoring & Trade Finance
  • Recurring Revenue Lending
  • Receivables Finance
Transaction Examples
Asset-backed, senior secured term loan with profits interest to finance the distressed acquisition and resale of commercial turbine-generators
Receivables-backed, senior secured revolving credit facility to finance the growth of a factoring company and asset-based lender
Government receivables-backed, senior secured revolving credit facility to finance a telecom company’s inventory
Receivables-backed, junior secured term loan to and minority equity investment in a specialty commercial lender
Litigation Finance
Monetizing legal claims by financing various aspects of the litigation process wherein collectability is dependent on the success of the underlying cases.
Sub-Strategies:
  • Personal Injury Medical Claims
  • Intellectual Property Rights
Transaction Examples
Senior secured revolving credit facility collateralized by portfolio of patents and license revenue to finance inventor-owner’s monetization of intellectual property
Receivables-backed, senior secured revolving credit facility to medical lien funding company
Programmatic purchase agreement for medical receivables held in an SPV
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Securities offered through Britehorn Securities, A Registered Broker Dealer (member www.finra.org www.sipc.org)

1401 Lawrence St, Suite 1600, Denver, CO 80202. 720-465-5305. www.britehornsecurities.com. Britehorn Securities and Ovation Partners are Not Affiliate Entities.