Monroe Capital, on behalf of its investment funds, led a $100 million minority equity investment in NFS Capital.
Founded in 2006, NFS is a provider of flexible equipment financing and asset-backed loans to small and mid-sized businesses across the U.S. and Canada. Since inception, the company has deployed over $1.5 billion in leases and loans, building a diversified portfolio across a wide range of industries including manufacturing, healthcare, construction, industrial automation, information technology and life sciences. Formerly known as NFS Leasing, with its roots as an IT equipment lessor, NFS brings deep expertise in information technology, data centers and digital infrastructure leasing.
“We are excited to partner with NFS Capital to support its next phase of growth in the large and high-demand equipment leasing market,” said Kyle Asher, Co-Head of Monroe’s Alternative Credit Solutions Group. “NFS is a well-established, independent financing provider with a strong track record and a differentiated approach to leasing and asset-backed lending.”
“We are very pleased to welcome Monroe Capital as strategic partners,” said Ashley Whyman, President of NFS. “Their vision for the future of the business aligns with ours, and their capital, resources, and deep expertise in capital markets will help accelerate our growth and expand our reach.”
This transaction is representative of Monroe’s Specialty Finance division within the Alternative Credit Solutions Group. The group focuses on asset-backed finance (ABF), complex and special situation structured debt and equity financings that cover all asset types and geographies. In 2024, the Alternative Credit Solutions Group closed 19 debt and equity transactions. The team has a broad investment mandate, flexible capital and prides itself not only on its “bottoms up” expertise but also on its ability to move quickly and efficiently and provide confidence of execution on complex transactions. For over 20 years, the firm has been investing in asset-backed transactions with attractive collateral, as well as cash flow and enterprise value-based loans.
