New Ventures

The Alta Group Forms Asia Pacific Consultancy; Pang to Lead

The Alta Group expanded with the creation of The Alta Group Asia Pacific Region. The new branch is based in Hong Kong and serves the broader Asia Pacific equipment leasing and asset finance market. read more

BlueLine Rental Launches Used Equipment Program

BlueLine Rental launched a used equipment program, offering a selection of used equipment from top-tier manufacturers, with over 52,000 pieces available. read more

ATL Partners, PSP Investments Launch Aviation Leasing Unit

ATL Partners and Canadian pension investment manager PSP Investments are partnering to form SKY Leasing, acquiring certain assets of Sky Holding Company as part of the transaction. read more

TD Bank Expands Healthcare Offerings, Adds Lending Specialists

TD Bank expanded its medical services reach with the introduction of its Healthcare Practice Solutions Group, a specialty lending division that will underwrite loans of up to $12 million for practices with revenues up to $20 million. read more

Sterling Launches Syndication Banking Team; Gelwicks, Cheng to Lead

Sterling National Bank announced the formation of a syndication banking team and hired Jim Gelwicks and Yan Cheng to lead the unit. read more

GE Aims to Increase Energy Efficiency with New Startup

GE announced Current, a new energy startup that will integrate GE’s LED, Solar, Energy Storage and Electric Vehicle businesses with its industrial strength Predix platform to provide efficient energy solution. read more

Sterling Forms Healthcare Finance Unit, Appoints Head of ABL

Sterling National Bank established a commercial banking team dedicated to healthcare finance and hired Dan Chapa, Steven Goldsmith and Carl Scmitt to lead the new team. read more

Eastern Funding Adds Small Ticket Funding Group

Eastern Funding will launch a new service, tagged Small Ticket Group, with the aim of help vendor complete all automatic and single signature transactions more efficiently. read more

Intuit, OnDeck to Launch $100MM Small Business Lending Fund

Intuit is partnering with OnDeck to launch the new QuickBooks Financing Line of Credit to provide faster access to lower-rate small business loans. read more

GreatAmerica, Northpoint Collaborate on Private Label Program

GreatAmerica Financial Services will provide dealer rental fleet and end-user financing, while Northpoint Commercial Finance will supply dealer inventory financing for newly established Wacker Neuson Finance. read more

Ally Corporate Finance Launches Technology Finance Group

Ally Corporate Finance announced the formation of a team focused exclusively on fueling its expansion into the venture-backed technology sector. read more

Red8 Launches Red8 Capital

Red8 launched Red8 Capital, a new division dedicated to offering flexible, on-demand technology financing and leasing options that enable customers to acquire enterprise data center technology. read more

CIT, TPG Special Situations Partners Enter into JV

CIT announced a joint venture with funds managed by TPG Special Situations Partners. The JV will have a target size of $500 million and will provide secured financing to companies in a variety of industries throughout the U.S. read more

Northpoint Launches Private Label Inventory Finance Program

Northpoint Commercial Finance will expand its market focus to include captive and private label inventory finance programs. The initiative will be led by Scott Raymond. read more

Lobo to Open Rio de Janeiro Office

Global helicopter leasing company Lobo Leasing will launch a Latin America office in Rio de Janeiro, which will be led by newly appointed Business Development professional, Gustavo Semeraro. read more

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Terry Mulreany
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