Kilo Capital

Kilo Capital, founded in 2017 by CEO Wade Brennan and CFO Pieter Van Schaick, operates as a specialty finance firm targeting a gap in the North American commodity market. The founders identified that traditional banks often lack the specific expertise or focus to serve mid-market companies dealing with price-volatile commodities, typically concentrating on larger multinational corporations. Brennan brings approximately two decades of experience from ScotiaMocatta, once the world's largest bullion bank, where he held leadership roles in sales, trading, credit analysis, and corporate banking. Van Schaick contributes over 25 years of experience in finance, accounting, and credit risk management, having previously served as a Principal and Portfolio Manager at Kingsland Capital.

The firm's business model is centered on providing tailored capital and operational solutions for commodity-intensive businesses, specifically those that process, store, or consume metals, food, agricultural, and energy inventories. Kilo Capital addresses the challenge companies face when significant cash is tied up in inventory, offering services that conventional banks may not, such as higher advance rates on commodity inventories. Revenue is generated through several structured financing solutions. These include borrowing base loans and working capital lines, sale and repurchase (repo) agreements, and warehouse financing, where Kilo owns the commodity until the client is ready to take delivery. The company also offers metal leasing, which allows clients to effectively rent the metal for their business operations, thereby transferring the price risk to Kilo Capital.

A significant milestone was the 2019 launch of the Kilo Hedged Commodity Credit Fund, designed to give investors exposure to the commodity finance sector, though this fund is currently closed to new investors. In February 2025, Kilo's fund management division announced the extension of a $50 million asset-backed senior secured revolving credit facility, enhancing its capacity to serve its target market. This facility is backed by Cordillera Investment Partners and led by East West Bank, underscoring confidence in Kilo's strategy and five-year track record.

Keywords: commodity finance, inventory financing, private credit, metals trading, agricultural commodities, energy inventories, working capital solutions, risk management, supply chain finance, mid-market lending