Investment firm Pine Brook will invest $110 million in lending group Strategic Funding Source Inc.

New York-based Strategic Funding provides direct financing, including loans and cash advances, to small and mid-size companies. The group has funded about $700 million since it was started in 2006.

So far, Strategic Funding, led by CEO Andrew Reiser has received $35 million from the equity financing agreement. The company expects the investment to help it grow.

Pine Brook, also headquartered in New York, has about $5 billion in assets under management. The firm focuses on energy and financial services investments. In February, the firm closed a $2.43 billion fund to invest in financial services and energy businesses. For more on the firm, see "3Qs With … Craig Jarchow, Managing Director, Pine Brook Partners." 

Kirkland & Ellis LLP acted as Pine Brook's legal counsel, while Proskauer Rose LLP provided legal advice to Strategic Funding.  

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