New Ventures

Former CIT Group Exec Launches ALCS Capital

Commercial lending expert Patrick McMullan has launched ALCS Capital to provide business owners with alternative sources for capital. Previously, McMullan served as a commercial loan officer at CIT. read more

Walter Owens to Lead New Middle Market Lending Venture

Varagon Capital Partners announced the formation of an asset management firm that will focus on direct lending to middle market companies. Varagon is led by CEO, Walter Owens, who held leadership positions with GE Capital, CIT and TD Bank. read more

Willis Lease, CASC Announce Engine Leasing JV

Willis Lease Finance and China Aviation Supplies Import & Export announced the launch of CASC Willis Engine Lease Company Limited, a new 50/50 joint venture dedicated to supplying Chinese airlines with engine support solutions. read more

Full Circle Capital Launches Healthcare Strategies

Full Circle Capital announced the appointment of Michael Gervais and Jonathan Burklund as managing directors of Full Circle Advisors. Previously, Gervais was founder and CEO of Gemino Healthcare Finance. read more

Sasser Launches Ground Support Equipment Finance Unit

Sasser Family Holdings announced the launch of its aviation ground support equipment finance and asset management subsidiary Xced Aviation Services. read more

AllianceBernstein Hires Barclays Team for Middle-Market Lending

Bloomberg reported that AllianceBernstein Holding has hired a team from a Barclays unit that was divested last ear to start a middle-market lending business. read more

Hudson Valley Bank Launches HVB Equipment Capital

Hudson Valley Bank announced that it launched HVB Equipment Capital, which will be led by Steven A. Orenstein. Previously, Orenstein was SVP of the Sterling National Bank Leasing Division. read more

BBVA Compass Expands Loan Production Offices

BBVA Compass announced it plans to open new loan production offices from coast to coast to introduce more commercial banking clients to the bank’s loan products including working capital, equipment finance and international trade services. read more

KPMG, BWise Announce Joint Solution for Leasing Companies

Software provider BWise announced it has developed a solution with KPMG specifically for leasing companies that enable chief financial officers and risk & compliance teams to be financially and operationally in control. read more

Renasant Bank Forms Equipment Finance Division

Renasant Bank announced the formation of its equipment financing division, which will be based in Birmingham, AL. The unit will be led by Patti Reid, SVP and manager of equipment finance. read more

Hitachi Launches New Government Finance Division

Hitachi Business Finance launched Hitachi Government Finance, which provides working capital to businesses that serve federal agencies and select local governments. The division will be led by Joe Bennett and Gayle Dorsey. read more

First South Leasing Opens Office in Charlotte

First South Bank announced the opening of a new leasing production office by its First South Leasing subsidiary in Charlotte, NC. Sharon Barrett, formerly with Springs Leasing, will serve as leasing consultant for the new LPO. read more

Perella, Hawke Aerospace Launch Helicopter Leasing Venture

Perella Weinberg Partners Asset Based Value Strategy and Hawke Aerospace Holdings said they have launched Infinity Helicopter Leasing, a new helicopter equipment leasing venture. read more

Equipment Finance Veterans Form Regents Capital

Equipment finance industry veteran Don Hansen announced he joined fellow industry veteran Dennis Odiorne to form Regents Capital. Hansen will serve as CEO and Odiorne as Regent’s president. read more

Former ORIX USA CEO Launches Preston Hollow Capital

Jim Thompson, former president and CEO of ORIX USA, announced the launch of Preston Hollow Capital. Thompson serves as the founder, president and CEO of the new investment company. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com