Empire Asset Finance, a new subsidiary of Arena Investors, officially launched. Arena has committed $100 million to grow Empire into a strong equipment finance platform.
Empire is led by CEO Rick Rockhold and chief operating officer/chief credit officer Mike Miroshnikov, seasoned equipment finance executives with a combined 60 years of industry experience.
“Since its founding, Arena has provided creative and flexible solutions for those seeking capital but who cannot be served by conventional institutions,” Vivek Nayar, managing director of Arena, said. “Empire carries that spirit forward, bringing Arena’s resources to the equipment finance space and doing so with a philosophy that creates value for everyone involved.”
“As Arena’s newest investment platform, Empire brings the resources, agility and service to deliver equipment financing that fuels the CapEx needs of middle market companies,” Rockhold said. “For too long, mid- to large-ticket clients have been stuck with a 50-year-old lending model. By pairing advanced technology with direct private credit, we’re changing that dynamic, delivering faster, more efficient and more transparent solutions that actually match the pace of our clients’ businesses.”
