Funds managed by the alternative credit strategy of alternative investment manager Ares Management launched Ansley Park Capital, a newly-formed lending and specialty finance company that will deliver financing solutions for essential-use, large-ticket equipment. Ansley Park Capital’s management team and integrated operating platform were added from BciCapital, a top 50 Monitor 100 company and the equipment finance business of regional bank City National Bank of Florida.
Ansley Park Capital will offer scaled equipment-based capital solutions ranging from $5 million to more than $100 million to an array of industries, including manufacturing, rail, construction, marine, infrastructure, energy, healthcare and corporate air travel. Ares Alternative Credit funds have committed approximately $400 million in initial equity capital to support originations, which the team expects to be in excess of $3 billion.
Eric Miller, Mark Trollinger and Robert Seltzer, all former executives from BciCapital, will lead Ansley Park Capital. The members of the firm’s executive team have worked together for more than 20 years and bring combined experience of more than 150 years in commercial, risk, finance and operational executive roles.
Miller will serve as Ansley Park Capital’s president and CEO. He most recently served as CEO at BciCapital, where he led the company’s equipment finance business. Prior to that, Miller served as president of CIT Asset Finance, where he led CIT’s large-ticket asset-backed finance businesses, and as a managing director at GE Capital.
Trollinger will serve as Ansley Park Capital’s chief investment officer and head of capital markets. He has more than 40 years of experience in banking and equipment finance and has held various senior positions with direct involvement in all aspects of operations, underwriting, portfolio and asset management, structuring and marketing. Trollinger most recently served as chief investment officer and head of capital markets at BciCapital. Prior to that, Mr. Trollinger was co-head of Wachovia’s (now Wells Fargo) equipment finance platform.
Seltzer will serve as Ansley Park Capital’s executive vice president and head of direct originations. He most recently served as the chief commercial officer for BciCapital and was responsible for leading equipment finance origination efforts. Prior to that, he held leadership positions at CIT Capital Equipment Finance and GE Capital.
“We are excited to launch Ansley Park together with this talented and experienced team,” Joel Holsinger, partner and co-head of Ares Alternative Credit, said. “The equipment finance landscape is rapidly evolving, and the team’s deep industry expertise across a wide range of asset classes will enable Ansley Park to effectively deploy capital critical to supporting the financing needs of companies driving the U.S. economy.
“In addition to direct financing originations, Ansley Park is uniquely positioned to partner with banks in executing capital markets transactions, acquire equipment finance portfolios, develop structured flow programs and design equipment-focused balance sheet optimization and capital relief solutions.”
“We are thrilled to announce the establishment of Ansley Park through our partnership with Ares,” Miller said. “We could not have chosen a better partner than Ares to launch, build and grow a leading independent equipment finance company.”
