Legacy Corporate Enhances Leadership Team with Appointment of David Smith as Managing Director of Originations
September 5, 2024
Source: Legacy Corporate Lending, LLC
PLANO, TX – September 4, 2024 – Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the appointment of David Smith as Managing Director of Originations. Mr. Smith will be based in New York and will be responsible for leading the origination and structuring of new transactions in the Northeast region.
Mr. Smith has more than two decades of ABL and restructuring experience across a wide array of industries. Most recently, he served as a Director in Citi’s Asset Based and Transitional Finance group. Since joining Citi in 2005, Mr. Smith has held various credit and risk management roles of increasing seniority. He is a graduate of St. Lawrence University.
“Dave brings to Legacy over 20 years of experience at a leading commercial bank and we are delighted to welcome him as the newest addition to our best-in-class leadership team,” said Clark Griffith, Chief Executive Officer of Legacy. “His deep industry expertise in financing and credit, as well as his strong network of relationships further enhances our capabilities and business development footprint as we move upmarket and offer larger credit facilities to our clients.”
Established in May 2023 through a strategic partnership with Bain Capital Credit, L.P., Legacy Corporate Lending specializes in providing revolving credit facilities and term loans to businesses across diverse industries. The firm aims to facilitate access to capital for companies seeking alternatives to traditional bank lending or the syndicated lending market.
About Legacy Corporate Lending
Legacy Corporate Lending is an independent asset-based lending company providing revolving lines of credit and term loan commitments up to $40 million in transaction size. to middle market companies, private and public companies, across a wide spectrum of industries including automotive, business services, consumer products, distribution & wholesale, e-commerce & retail, food & beverage, manufacturing, transportation & logistics. Legacy is a portfolio company of Bain Capital Specialty Finance, Inc. and Bain Capital Private Credit, which are externally managed by BCSF Advisors LP, an SEC-registered investment advisor. For more information, visit legacycorporatelending.com.
Mr. Smith has more than two decades of ABL and restructuring experience across a wide array of industries. Most recently, he served as a Director in Citi’s Asset Based and Transitional Finance group. Since joining Citi in 2005, Mr. Smith has held various credit and risk management roles of increasing seniority. He is a graduate of St. Lawrence University.
“Dave brings to Legacy over 20 years of experience at a leading commercial bank and we are delighted to welcome him as the newest addition to our best-in-class leadership team,” said Clark Griffith, Chief Executive Officer of Legacy. “His deep industry expertise in financing and credit, as well as his strong network of relationships further enhances our capabilities and business development footprint as we move upmarket and offer larger credit facilities to our clients.”
Established in May 2023 through a strategic partnership with Bain Capital Credit, L.P., Legacy Corporate Lending specializes in providing revolving credit facilities and term loans to businesses across diverse industries. The firm aims to facilitate access to capital for companies seeking alternatives to traditional bank lending or the syndicated lending market.
About Legacy Corporate Lending
Legacy Corporate Lending is an independent asset-based lending company providing revolving lines of credit and term loan commitments up to $40 million in transaction size. to middle market companies, private and public companies, across a wide spectrum of industries including automotive, business services, consumer products, distribution & wholesale, e-commerce & retail, food & beverage, manufacturing, transportation & logistics. Legacy is a portfolio company of Bain Capital Specialty Finance, Inc. and Bain Capital Private Credit, which are externally managed by BCSF Advisors LP, an SEC-registered investment advisor. For more information, visit legacycorporatelending.com.
