Alliance Funding Group (AFG) and Lightbrook launched Alliance Equipment Finance (AEF), a new addition of expertise to equipment financing that specializes in transactions ranging from $5 million to $50 million.
Randy Hicks, president and CEO, Todd Greenberg, chief risk officer and Ryan Elsass, chief revenue officer will lead AEF. Hicks and Greenberg have worked together for over a decade at Nations Equipment Finance. “Todd brings a terrific balance of risk assessment with the ability to deliver thoughtful solutions to our clients,” Hicks said.
Elsass joins AEF from 36th Street Capital, where he developed and fostered deep relationship with large privately held companies as well as many private equity sponsors. “Ryan has enjoyed many years of success originating large ticket transactions across many industries and collateral types. I couldn’t be more excited for him to lead our origination effort,” Hicks said.
Hicks brings over 30 years of experience in equipment leasing, corporate finance and business development. His extensive career includes co-founding Nations Equipment Finance, where he led origination efforts across the U.S. and Canada, as well as holding senior leadership roles at GE Capital. Hicks’ proven expertise in structuring complex financial solutions establishes AEF as a trusted partner for businesses managing sophisticated capital needs. “I hope to impart my experience while empowering my colleagues to take on leadership roles and build a business that delivers for our clients and a portfolio that produces for our partners,” Hicks said.
AEF leverages the support of AFG, founded in 1998 by Brij Patel, a seasoned leader in the equipment financing industry. AEF will be supported by Lightbrook, founded by former Truist Bank investment banking veterans Andrew Carroll and Prashant Upadhyay.
“Andrew and Prashant, I refer to them as our secret weapon, bring unparalleled experience in sourcing and delivering external capital and ABS directly into our business,” Hicks said. “They know exactly how our portfolio can be constructed to provide us access to the most cost-effective capital available in the market. I do not believe this level of in-house experience exists with any other independent equipment finance platform today.”
