SCOTTSDALE, Ariz. –

DPG Investments — a company that currently has 26 private equity holdings while overseeing $1.5 billion in capital commitments since 2004 — closed on a line of credit on Friday so it can dive deeper into the non-prime auto finance business.

Spring Tree Lending, a portfolio company of DPG, secured the line of credit provided by the Spartan Financial division of American Credit Acceptance.

Spring Tree, based in Atlanta, buys and services non-prime auto loans from small and midsize dealers and finance companies in the southeastern U.S.

DPG chairman Dan Galvanoni said, “This line of credit will further the growth of Spring Tree by providing an additional source of funds to acquire loans from our vast dealer network. We anticipate an excellent relationship with Spartan and look forward to expanding that relationship up to as much as $10 million.

Jerry Hudspeth, managing director of DPG and CEO and managing partner of Spring Tree, added, “The non-prime auto lending market is an important part of the economy. We are now poised for rapid growth in this dynamic segment while providing best-in-business practices.”