Industry

Liventus Ranks 27th in Great Place to Work Chicago and Fortune Magazine Lists

Liventus has been honored as one of this year’s Best Workplaces in Chicago by Great Place to Work and Fortune. This is the first time Liventus has been included on this list, ranking 27th. read more

Castlelake Provides $155MM in Fleet Financing to Provider of Rideshare Vehicles

Castlelake reached an agreement to provide up to $155 million in fleet financing to Voyager Global Mobility for the acquisition of more than 3,200 vehicles for rideshare, car-share and micro-mobility driver-subscribers in the United States and Latin America. read more

Ritchie Bros. Sells $114MM in Equipment in Recent Auctions in Texas and Alberta

Last week, Ritchie Bros. held 24 online auctions across the globe, selling more than 34,000 equipment items over six days. The two largest of these events took place in Edmonton, AB, and Houston, , where Ritchie Bros. sold a combined $114 million of equipment online. read more

Equipment Finance Cares Hosts Attendees from 35 Organizations at Latest Event

Equipment Finance Cares held an event in Roseville, MN, hosted by Honour Capital. The event featured 58 equipment finance professionals from 35 different organizations.  read more

Encina Equipment Finance Provides $8MM Lease Line to Environmental Remediation Company

Encina Equipment Finance provided a $8 million equipment lease line to an environmental remediation company for the purchase of heavy-duty and light-duty trucks. read more

Mitsubishi HC Capital’s Technology Finance Team Reports 40% Growth in Fiscal 2021

Mitsubishi HC Capital America’s technology finance team achieved company record results for fiscal year 2021, ending March 31, 2022, reporting 40% customer volume growth. read more

CLFP Foundation Adds 17 New CLFPs

The Certified Lease & Finance Professional Foundation reported that 17 individuals recently passed the eight-hour online proctored CLFP exam. read more

Beacon Funding Recognized as a Best Place to Work in Chicago

Beacon Funding was recognized with multiple accolades for excellence in company culture and employee benefits, earning recognition on Crain’s Best Places to Work in Chicago (for 2021 and 2022) and Fortune’s Best Workplaces in Chicago for 2022. read more

May New Business Volume in Equipment Finance Rises 16% Y/Y, Falls 10% M/M

According to the Equipment Leasing and Finance Association, overall new business volume in the equipment finance industry for May was $9.4 billion, up 16% year over year but down 10% from $10.5 billion on a month-over-month basis. read more

Dext Capital Ranks No. 5 on Fastest Growing Private Companies List

The Portland Business Journal named Dext Capital one of the 100 fastest growing private companies of 2022. Coming in at No. 5 on the list, Dext Capital achieved more than 800% annual revenue growth over the past two years. read more

Generate Capital Provides $500MM Investment to Pine Gate Renewables

Generate Capital, a sustainable infrastructure investment and operating platform, provided a strategic growth investment of $500 million to Pine Gate Renewables, a renewable energy developer for utility-scale solar and storage. read more

Verdant Commercial Capital Obtains $75MM Subordinated Debt Facility from Värde Partners

Verdant Commercial Capital closed on a $75 million subordinated debt facility provided by Värde Partners, an alternative investment firm.  read more

Financial Firms Are Investing More in Tech to Manage Increasingly Complex Regulatory Landscape

According to SteelEye’s annual Compliance Health Check Report, more than half of U.S. firms (55%) plan to invest more in regulatory technology (RegTech) solutions over the next 12 months to cope with the growing compliance pressures in today’s increasingly complex regulatory and operational landscape. read more

Fifth Third Integrates Celtic Commercial Finance and LaSalle Leasing as Fifth Third Technology Finance

Fifth Third Bank will integrate Celtic Commercial Finance and LaSalle Leasing, which became divisions of Fifth Third in 2019 as part of its merger with MB Financial, as Fifth Third Technology Finance. read more

LeaseQuery Achieves ‘Built for NetSuite’ Status with LeaseQuery for NetSuite Product

LeaseQuery, a provider of lease accounting software, achieved ‘Built for NetSuite’ status with its lease accounting product, LeaseQuery for NetSuite. The new SuiteApp, built using the Oracle NetSuite SuiteCloud Platform, helps organizations manage their lease accounting processes. read more

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Terry Mulreany
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