LOS ANGELES, June 09, 2026 (GLOBE NEWSWIRE) -- Raven Capital ("Raven"), an alternative investment firm specializing in asset-based, non-sponsor private credit, today announced the successful arrangement of a $655 million refinancing for Elevate, a leading provider of innovative online credit solutions for underserved consumers in the United States.

The refinancing extends Raven Capital's longstanding relationship with Elevate. The firm initially became involved with Elevate nearly a decade ago and has continued to support the company through its latest phase of growth and operational expansion. Hudson Cove Capital Management also participated in the financing.

This latest transaction further expands Raven Capital's activity within specialty finance and broader asset-based finance markets, sectors that have attracted increasing institutional investor interest in recent years. It reflects Raven's ability to originate, structure and execute large-scale credit opportunities in highly competitive markets traditionally dominated by significantly larger alternative asset managers.

"We are pleased to deepen our long-standing partnership with Elevate and its exceptional management team through this refinancing," said Jeremy Tucker, Founding Member and Principal at Raven Capital. ...