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Equipment Finance News Stonebriar launches sponsor finance platform Published: 26th November 2018 Share Stonebriar Commercial Finance (SCF) has launched a new sponsor finance platform. It will be led by industry veteran Michael Gay as executive vice-president and senior managing director. Since inception, Texas-based SCF has focused on developing strategic relationships within the private equity community, providing asset-based finance solutions to sponsors and their portfolio companies. Of the approximate $3 billion of large-ticket leases and loans funded by SCF to date, sponsor related deals represent more than $1 billion. Dave Fate, SCF CEO, said: “Sponsors have been a valuable source of new business for SCF and we expect continued robust growth from this strategically important segment of the market. “SCF’s unmatched funding capacity and proven ability to deliver large-scale, sophisticated solutions to non-investment grade companies will enable the platform to build upon Stonebriar’s momentum in the sponsor segment and continue to address the unique needs of private equity-owned companies throughout the US and select foreign jurisdictions.” Prior to joining SCF, Gay launched NXT Capital’s equipment finance unit, which focused on large-ticket equipment financings to both sponsor and non-sponsor backed, non-investment grade corporations. He has also held various leadership roles at GE Capital and Banc of America Leasing. Pat Sweet Correspondent - Asset Finance Connect Sign up to our newsletter Featured Stories Corporate Member NewsGrenke partners with IUI Global to strengthen service offerings NewsTransport UK London Bus expands electric fleet NewsPACCAR reports strong Q3 revenues and profits Equipment Finance
