Wingspire Capital announced several changes to its executive leadership team, including the retirement of Josh Rosin, the company’s president and chief operating officer, and the promotion of James Garlick to the newly created role of head of Wingspire Corporate Finance.
Rosin will retire in Februrary but continue to be involved with Wingspire as a consultant, while Garlick, who was previously head of originations for Wingspire Corporate Finance, will oversee all originations, new product development, marketing and relationship management for Wingspire Corporate Finance.
“James is a founding member of Wingspire and has been a leader in our success to date. I am looking forward to working with him in this new role as Wingspire continues to grow and to expand its product offerings,” David Wisen, founder and CEO of Wingspire Capital, said. “John Rosin is also a founding member of Wingspire and we would not be in this position of strength without his contributions and leadership. He has been a great colleague and friend, and we are happy we will be able to continue to benefit from his involvement with Wingspire going forward.”
“I have cherished my time at Wingspire and am incredibly proud of what we’ve been able to accomplish,” Rosin said. “I look forward to watching the company continue to grow as a leader in middle-market financing.”
In addition, Wingspire Capital appointed Ray De Palma to chief operating officer of Wingspire Capital and Dustin Lee to general counsel of Wingspire Capital. De Palma was previously CFO and treasurer for the company, while Lee was previously general counsel for Wingspire Equipment Finance. DePalma will now assume operational responsibility for technology and various other administrative functions at the firm, while Lee will with his responsibilities at Winspire Equipment Finance in addition to overseeing companywide initiatives such as compliance, licensing and acquisitions.
“Ray and Dustin have each played key roles in Wingspire’s evolution since joining the firm and we are excited to announce their promotions,” Wisen said. “We are confident their appointments will fuel Wingspire’s next phase of growth as we continue to support the capital needs of U.S. middle-market companies.”
Since inception, Wingspire has originated more than $4 billion in senior secured financings and currently has more than $1 billion in assets under management. Wingspire Capital operates in two divisions: Wingspire Corporate Finance, which provides asset-oriented structured revolving and term loans, and Wingspire Equipment Finance, which provides purchase money and related equipment financing solutions.
