Alliance Funding Group Forms New Middle-Market Equipment Leasing Unit; Hicks to Lead

Alliance Funding Group appointed Randy Hicks senior vice president to lead the company’s middle-market equipment leasing balance sheet strategy. Hicks also recruited Todd Greenberg to lead the risk management duties of the new strategy as senior vice president and chief risk officer.

Hicks has more than 30 years of experience in middle-market equipment leasing and finance. Prior to joining Alliance Funding Group, he served as executive vice president and co-founder of Nations Equipment Finance, now SLR Equipment Finance, and spent 14 years in different leadership positions at GE Capital.

Greenberg has more than 14 years of experience in risk management. Prior to joining Alliance Funding Group, he served as senior vice president of risk at Post Road Equipment Finance and spent more than 10 years at Nations Equipment Finance in different risk and analyst positions.

“Being active in the middle-market space as a syndicator, we’ve noticed that both banks and private credits have pulled back or moved upstream in their transaction minimums,” Brij Patel, president, CEO and founder of Alliance Funding Group, said. “Leveraging our balance sheet and with continued commitment by our bank partners, we feel that we can fill the void and provide access to competitive capital for our customers and vendor partners.”

“I am very excited to be joining the AFG team, where experience matters. As one of the largest independents in the market, AFG is well positioned to take this next step and I look forward to contributing to the success of this strategy,” Hicks said.

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