Cascadia Capital, one of the nation's most active independent middle-market investment banks, announced today the formal launch of its Capital Markets Advisory practice and expansion to the Atlanta market with the hiring of Managing Director Carle Felton.

Under Felton’s leadership, Cascadia’s Capital Markets Advisory practice will focus on sourcing flexible debt and equity for the firm’s sponsor and privately held business clients with concentrated expertise and high-touch execution. The firm’s expansion to Atlanta marks its continued geographic growth and anchors Cascadia’s presence in the increasingly active Southeast market.

"The Capital Markets Advisory practice is an important expansion of our sponsor coverage and middle-market company advisory offerings, delivering a competitive, thorough process with outstanding execution while allowing our clients to remain focused on their core opportunities," said Cascadia Chairman and CEO Michael Butler. "Carle and the growing team in Atlanta will be supported by our deep network of relationships, as well as the differentiated industry expertise brought to the table by the whole of Cascadia’s sector-focused banking team nationwide."

Felton joins Cascadia from Goldman Sachs Private Credit and Hybrid Capital, where he served as a senior member of the team originating debt and equity investments for middle-market clients. His deep experience on the buyside — investing up and down the balance sheet on sponsored and non-sponsored transactions — uniquely equips him with the tools to serve as a close advisor to Cascadia’s clients throughout the duration of a transaction. Cascadia’s Capital Markets Advisory team will not only be heavily involved in the beginning marketing and term sheet phases, as is standard in the market, but will also remain actively engaged in the negotiation, legal documentation, and closing phases to foster better outcomes for its clients.