Congratulations to Meredith for being named amongst ABF Journal’s “Top Women in ABL Leadership”
With an untraditional beginning to her finance career, Meredith Carter has depended on one central pillar throughout her professional life: a growth mindset. Carter’s path to the asset finance industry started in law, so she approaches asset-based lending the same way she approached new cases in her private practice. For example, in 2012, a client of her previous firm wanted to create a patent/commercial litigation funding business. Carter took a chance and joined that fund, a decision she says she has never regretted.
Taking chances such as that, combined with her desire to learn from others possessing complementary skills and talents, has been instrumental for Carter throughout her career and aided her on her journey to become president and CEO of Context Business Lending.
But before reaching her current CEO position, she had to climb the ranks. When the litigation funding business was sold to a UK-based funder, she recognized the unique culture of learning provided by the family office model and wanted to stay with it rather than moving on with the litigation funding company. That same family office had another investment in an asset-based lending business and turned to Carter to help it grow, leading her to become general counsel of Context Business Lending.
Working her way up to CEO meant Carter needed to take initiative. This was nothing new, as she has actively sought different ways to evolve and improve each firm she’s worked with, frequently presenting ideas to company management and executing on initiatives. By constantly aiming to improve, she embraces her weaknesses and addresses them head on.
“The older you get, the more you realize how little you know,” Carter says. “This thought process allows me to be very open with my team about my strengths and blind spots.”