Chicago, IL – Byline Bank (“Byline”) announced today it has hired Jim Kuncl, Dan Delgadillo and Joe Horwath to build a new Sponsor Finance business focused on providing senior secured, cash flow loans to support private equity sponsors in acquisitions, growth capital and refinancing. Based in Chicago, the team will have a national focus, working with private equity sponsors and companies around the country. With over 50 years of combined experience, this tenured team has collectively closed over $500 million in commitments in the lower middle market.
“We will continue to focus our business on the lower middle market, which we define as businesses with $2 to $10 million in EBITDA. Byline provides us a strong platform for growth and the ability to be extremely responsive to our private equity customers. We look forward to sharing our story with the market,” said Jim Kuncl, Senior Vice President and Group Head of Sponsor Finance.
“Something that was really important to us in looking for a partner was a strong cultural fit. Byline has built a winning, entrepreneurial team, and we are looking forward to adding to Byline’s continued success. We feel we are going to be able to bring an elevated level of thoughtfulness to our product and the market under this new platform,” said Dan Delgadillo, Vice President, Business Development..
Joe Horwath, Vice President, Portfolio Management and Underwriting of Sponsor Finance, said, “The entrepreneurial nature of Byline was something that was really attractive to our team. Byline is going to allow us to have greater flexibility to meet our customers’ needs.”
Alberto Paracchini, President and CEO for Byline Bank said, “We are incredibly excited to be adding this experienced team and platform to Byline. It is a strong fit with our strategy and this platform enhances our already strong commercial banking product offerings. Additionally, like our equipment leasing business, Byline Financial Group, the Sponsor Finance platform helps to build out Byline Bank’s national capabilities.”
|Learn more by contacting the Byline Sponsor Finance team at:|
|Jim Kuncl, SVP, Group Head||(312) 660- 5751||[email protected]|
|Dan Delgadillo, SVP, Business Development||(980) 859-4475||[email protected]|
|Joe Horwath, SVP, Portfolio Management & Underwriting||(312) 660- 5753||[email protected]|
About Byline Bank:
Byline Bank is a privately held, Chicago-based bank with approximately $3 billion in assets and over 50+ branch locations. Byline Bank is a full service commercial bank providing retail and business banking, commercial mortgages, and an array of banking products and services to consumer and business customers.
Sponsor Finance Group