Harbor Point Equipment Finance, an affiliate of AIP Capital, an equipment finance platform specialized in providing capital to the equipment finance industry across a variety of asset types, announced the acquisition of a seasoned loan portfolio secured by a pool of commercial transportation assets. The portfolio consisted of approximately 800 individual contracts and is valued at approximately $17 million.
“This acquisition demonstrates Harbor Point’s ability to be a flexible solutions provider for a seller of assets within a tight timeframe”, said Gary Silverhardt, CEO of Harbor Point. “We believe our strategy of acquiring seasoned assets paired with our ability to purchase portfolios across diverse asset types, credit profile and size positioned Harbor Point as a reliable counterparty” noted Josh Rothman, COO of Harbor Point.
Harbor Point is a specialty finance company providing lease and equipment financing to small and mid-cap companies with a strategy to build its organization through selective acquisitions of seasoned lease portfolios. Harbor Point is a full-service platform, with the capability to underwrite, acquire, service and manage portfolios of performing and non-performing assets.
AIP Capital (AIP) is a global alternative investment manager focused on opportunities in asset-based finance with approximately $6.25 billion of assets under management.
