Investments

Forging long term relationships with our portfolio companies is core to our investment philosophy.

Q3 2018

Bastion portfolio company introduces Sezzle, a consumer point of sale finance company

logo

Q4 2018

Bastion closes $15mm facility

Q1 2019

Bastion introduces Sezzle to a Bastion LP. The LP invests in Sezzle’s pre-IPO equity round

Q2 2019

Sezzle goes public and Bastion increases facility to $30mm

Q4 2019

Bastion facility increases to $100MM. Two syndicate partners engaged

Q2 2020

The Chairman of Zebit, who was an original Sezzle equity investor, asks Bastion to look at a financing for Zebit

Q3 2020

Bastion provides Zebit with $15mm facility

logo

Q4 2020

Zebit goes public

Q1 2021

Bastion and a partner provide Sezzle with a $125mm facility

Q2 2021

Bastion upsizes Zebit to $30mm facility 

Q3 2022

The largest equity holder in Zebit is also the largest equity investor in UK-based GAIN Credit. Bastion provides Gain Credit with $30mm facility

logo

Q4 2022

Bastion leads new $100mm facility for Sezzle 

Q1 2015

Bastion provides $17.5mm in two facilities to MoneyKey

logo

Q2 2017

MoneyKey facilities increase to $35MM

Q2 2019

Bastion leads new $35mm facility for CreditFresh, a new subsidiary

logo

Q4 2020

CreditFresh facility increases to $45.0mm

Q1 20121

CreditFresh facility increases to $120mm

Q4 2021

Company lists on the TSX under a new name, Propel Holdings

logo

Q3 2022

CreditFresh facility increases to $160MM

Q4 2022

Bastion participates in $20mm facility to finance the Company’s new Canadian product

logo

Q1 2023

Bastion leads syndicate of lenders in new $250mm Facility for CreditFresh

Q4 2015

Bastion provides $15.0 mm facility to ECG

logo

Q2 2018

Bastion provides $21.0 mm facility to support a new product

Q3 2018

Original ECG facility upsize to $20.0mm

Q1 2020

Bastion makes facility modification to help ECG weather the impact of COVID

Q1 2021

Original ECG facility increases to $27mm

Q3 2021

Facilities combine and size increases to $60mm

Q1 2022

Facility size increases to $65mm

Bastion Ecosystem Adds Value for Companies & Investors

AN INTRODUCTION BY AN EXISTING PORTFOLIO COMPANY LED TO

2018

Q3 2018

Bastion portfolio company introduces Sezzle, a consumer point of sale finance company

logo

Q4 2018

Bastion closes $15mm facility

2019

Q1 2019

Bastion introduces Sezzle to a Bastion LP. The LP invests in Sezzle’s pre-IPO equity round

Q2 2019

Sezzle goes public and Bastion increases facility to $30mm

Q4 2019

Bastion facility increases to $100MM. Two syndicate partners engaged

2020

Q2 2020

The Chairman of Zebit, who was an original Sezzle equity investor, asks Bastion to look at a financing for Zebit

Q3 2020

Bastion provides Zebit with $15mm facility

logo

Q4 2020

Zebit goes public

2021

Q1 2021

Bastion and a partner provide Sezzle with a $125mm facility

Q2 2021

Bastion upsizes Zebit to $30mm facility 

2022

Q3 2022

The largest equity holder in Zebit is also the largest equity investor in UK-based GAIN Credit. Bastion provides Gain Credit with $30mm facility

logo

Q4 2022

Bastion leads new $100mm facility for Sezzle 

Bastion Provides Capital Across a Company’s Lifecycle

Bastion has provided financing for several Propel product lines

2015

Q1 2015

Bastion provides $17.5mm in two facilities to MoneyKey

logo
2017

Q2 2017

MoneyKey facilities increase to $35MM

2019

Q2 2019

Bastion leads new $35mm facility for CreditFresh, a new subsidiary

logo
2020

Q4 2020

CreditFresh facility increases to $45.0mm

2021

Q1 20121

CreditFresh facility increases to $120mm

Q4 2021

Company lists on the TSX under a new name, Propel Holdings

logo
2022

Q3 2022

CreditFresh facility increases to $160MM

Q4 2022

Bastion participates in $20mm facility to finance the Company’s new Canadian product

logo
2023

Q1 2023

Bastion leads syndicate of lenders in new $250mm Facility for CreditFresh

Longevity of Relationships Provides Built-in Portfolio Growth

A significant portion of Bastion’s portfolio growth comes from legacy investments

2015

Q4 2015

Bastion provides $15.0 mm facility to ECG

logo
2018

Q2 2018

Bastion provides $21.0 mm facility to support a new product

Q3 2018

Original ECG facility upsize to $20.0mm

2020

Q1 2020

Bastion makes facility modification to help ECG weather the impact of COVID

2021

Q1 2021

Original ECG facility increases to $27mm

Q3 2021

Facilities combine and size increases to $60mm

2022

Q1 2022

Facility size increases to $65mm

Contact Us

STAMFORD HEADQUARTERS

Bastion Management
281 Tresser Blvd, Suite 1505
Stamford, CT 06901

P: 1.203.594.9264

Contact us today. We can help.