Capitala Group, an investment firm based in North Carolina, has set up a new office in Midtown Manhattan, New York. The office will be the firm’s sixth location in the US.

At the same time, the firm appointed Kelly Stotler as its director. Stotler will be responsible for sourcing, executing, and monitoring the firm’s new transactions.

Stotler has an experience of more than 15 years in middle market loan origination, underwriting and portfolio management. He most recently served as the managing director – head of loan originations at Czech Asset Management.

He formerly also served as the principal at H.I.G. Whitehorse and vice president at GE Capital Corporate Lending.

Capitala Group chairman and CEO Joe Alala, III said: “Kelly’s strong background in middle market debt and private equity origination, structuring, and underwriting makes him a key addition to firm as we continue to expand our direct origination platform.”

Capitala Group was founded in 1998 and offers capital to lower and traditional middle market companies. Since its inception, the group’s managed funds have invested in over 145 businesses in various industries across North America.