Clarus Capital successfully closed its second asset backed securitization (ABS), CLARUS 2026-1. The ABS issuance is secured by a portfolio of commercial equipment leases and loans originated by Clarus with an aggregate securitization value of over $332 million spanning a diverse set of industries. This transaction brings total issuance across both securitizations to more than $600 million. The senior securities of the issuance earned the highest possible short-term and long-term ratings from Moody’s Investors Service and Kroll Bond Rating Agency (KBRA).
“Our second large-ticket equipment finance securitization marks another important milestone for Clarus,” Mike Eisenstein, chief financial officer of Clarus, said. “This strategic financing provides long-term, cost-efficient matched funding, enhances our capital structure and further reduces our cost of capital, establishing a solid foundation for the firm’s future growth. Execution at this scale is a direct reflection of our institutional-grade infrastructure, driven by outstanding coordination between our Finance, Investment Management and Investment Operations teams. The transaction was met with strong demand from a broad base of both existing and new ABS investors, reinforcing our position as a programmatic issuer and positioning us well for continued access to the securitization market as we grow.”
Jeff Greene, chief investment officer of Clarus, added, “Our second ABS issuance reflects the fundamental quality and strength of our portfolio. Clarus’ core investment thesis relies on disciplined credit selection and a rigorous origination strategy focused on scaled, sponsor-backed enterprises. This securitization transaction not only validates our disciplined approach, but also highlights an outstanding historical track record. By partnering with well-capitalized private equity owned businesses, we continue to build a diversified portfolio that delivers institutional-grade performance across economic cycles.”
Steve O’Leary, CEO of Clarus, said, “Clarus remains focused on supporting private equity sponsors by providing equipment finance solutions that serve as an important component of portfolio company capital structures. Our platform is built to provide flexible, execution-oriented capital across a broad range of industries and equipment types. As we continue to scale Clarus, access to the securitization market remains an important source of funding, with each issuance further broadening our institutional investor base. We were pleased to work with long‑standing partners at Wells Fargo Securities and to welcome Bank of America Securities in this issuance, and we look forward to continuing our collaboration going forward.”
Tim Conway, chairman of Clarus Capital, added, “Our second securitization transaction is another testament to the Clarus team’s demonstrated track record in private credit, built over more than two decades of working together across multiple market cycles. The strength of our investment portfolio, combined with our institutional capital base, positions us as a leader in the equipment finance market. We appreciate the continued support of our sponsor, BharCap Partners, and our strategic partners at Delaware Life, a subsidiary of Group 1001.”
Wells Fargo Securities served as the structuring agent and bookrunner, and Bank of America Securities served as co-manager. Clarus will continue to service the assets, with U.S. Bank designated as backup servicer, administrator and custodian. Moore & Van Allen provided legal counsel to Clarus, Chapman and Cutler represented Wells Fargo Securities, and BDO USA performed the audit services.
