Eldridge Capital Management closed SCFET 2026-1, a $869 million asset-backed securitization by Stonebriar Commercial Finance, an Eldridge-managed company. SCFET 2026-1 is Stonebriar’s 16th equipment asset-backed securitization. In addition to Stonebriar, the Eldridge Diversified Credit Fund II (EDCF II) participated in the financing.
SCFET 2026-1 is secured by leases and loans on essential-use assets across the marine, mining, energy, manufacturing and technology industries. The transaction was rated by Fitch Ratings and KBRA.
“Bringing EDCF II into Stonebriar’s financing technology is an innovative step for us,” Nicholas Sandler, co-president and co-head of diversified credit at Eldridge Capital Management, said. “The EDCF program gets the benefit of Stonebriar’s cost-effective funding, built over a decade, and we remain grateful to the funding partners who have supported us in placing almost $11 billion of ABS bonds since 2016.”
Bank of America served as Sole Structuring Agent and Lead Bookrunner. BNP Paribas, Truist, and Wells Fargo served as Joint Lead Bookrunners on the financing.
