New Ventures

Slipka and Huston Launch New Capital Finance Company

Brian Slipka, the former senior vice president and head of TCF Technology Finance at TCF Capital Solutions/Winthrop Resources, along with Shea Huston, former regional vice president of the central and western U.S. for Winthrop, launched Honour Capital. read more

Ryder Launches $50MM Corporate Venture Capital Fund

Ryder launched RyderVentures, a new corporate venture capital fund to invest in and partner with startup companies that are developing new technologies and business models that deliver advancements and automation in the logistics and transportation industries. read more

Encina Launches Lender Finance Platform, Graham and Thomas to Lead

Encina Capital Partners launched Encina Lender Finance, a new independent lender finance platform targeting commercial and consumer specialty finance companies in the U.S. and Canada. Luke Graham and John Thomas will lead the new platform. read more

PIMCO and GECAS Create $3B Aviation Leasing Investment Platform

PIMCO, a fixed income investment manager, and GE Capital Aviation Services reached a preliminary agreement to develop an aviation leasing platform to support up to $3 billion in aircraft asset financings. read more

MUFG to Launch Capital Markets Strategy Group, Joyce to Lead

Mitsubishi UFJ Financial Group will launch a capital markets strategy group. Tom Joyce, who joined MUFG from Deutsche Bank, will lead the new group. read more

Hunter Street Partners Acquires All-Star, Launches Equipment Rental Investment Platform

Hunter Street Partners has launched a scalable platform to invest in equipment rental companies. Hunter Street has acquired All-Star Equipment Rental of Naples, FL and will work closely with the company's management team to evaluate other opportunities for expansion in the region. read more

Mack Trucks to Open Orders for Mack LR Electric in Q4/20

Mack Trucks plans to commercialize the Mack LR Electric, its revolutionary refuse model equipped with a fully electric integrated Mack drivetrain. Orders for the Mack LR Electric will open in Q4 2020, with deliveries beginning in 2021. read more

Truist Unveils Venture Capital Division, Vreeland to Lead

Truist Financial launched Truist Ventures, a corporate venture capital division, and appointed Vanessa Indriolo Vreeland, an executive with more than 20 years of private equity, venture capital and banking experience, to lead the new venture. read more

Old Point National Bank Opens Commercial Lending Office in Richmond, VA

Old Point National Bank opened its first commercial lending office in the Richmond, VA, area, with Philip Hager and Linnett Fortner leading the new team. read more

ENGS Commercial Capital Launches Floor Plan Finance Program

ENGS Commercial Finance’s working capital subsidiary, ENGS Commercial Capital, is now offering floor plan financing to qualified dealers and equipment manufacturers. read more

Financial Partners Group Hires Ascentium Vet Mabee and Team to Support Rebrand

Financial Partners Capital has restructured and rebranded as Financial Partners Group (FPG). Josh Mabee joined as COO along with his team from Ascentium Capital. Under the new structure, FPG plans to originate $300 million of volume in its first year. read more

Travelers Financial Group Launches Alternative Capital Lending Division

Travelers Financial Group launched Travelers Restructuring Capital (TRC), a transitional capital initiative designed to support small and mid-market businesses that operate in asset-intensive industries. TRC works with companies at each stage of the corporate life cycle, allowing them to better understand their... read more

GAT Forms GA Telesis Rotorcraft, Acquires Seven Bell 206L4 Helicopters

GA Telesis formed GA Telesis Rotorcraft to provide lease and finance solutions in the helicopter sector. GATR closed its first transaction with Bell helicopters. read more

Six Agtech Startups Selected for Wells Fargo Innovation Incubator

The Wells Fargo Innovation Incubator selected six new startups focused that support agriculture technology solutions while reducing environmental impact. read more

Wells Fargo Provides $900K to Cleantech Startups Impacted by COVID-19

The Wells Fargo Innovation Incubator accelerated its awards program to provide $900,000 to cleantech and sustainable agriculture startups impacted by COVID-19. read more

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