Capteris, a provider of mid- and large-ticket equipment finance solutions, reported a 200% year-over-year increase in funded volume in Q1/24, resulting in the company’s strongest quarter since inception.

Given continued market uncertainties, the company said it experienced a “significant increase” in the number of clients and financial sponsors interested in its solutions versus traditional equipment finance providers. With certain banks reassessing their equipment finance business and pivoting more toward deposit and fee business, Capteris also said it experienced an uptick in buy desk opportunities as financial institutions attempted to fund their clients’ leases and loans while maintaining customer relationships.

“Our first quarter reflects our continued commitment to be the reliable and attractive alternative source of capital for the mid-market, sponsor finance and large corporate segments, as well as to our capital markets partners,” Eric Dusch, president and CEO of Capteris, said. “Despite the current lending environment, Capteris remains very active, recently providing over $400-plus million in lease and loan commitments across 25-plus different sponsors and nearly 50 customers, with many more in our pipeline.

“Our seasoned team of experts bring an average of 20-plus years of equipment finance knowledge to each client experience. Customers, sponsors, partners and advisors witness first-hand how we craft solutions tailored to their individual financial and operational objectives, all while ensuring certainty of execution. With full capital markets capabilities, we can provide a one-stop, simplified approach to equipment financing, which financial sponsors and capital- intensive businesses are looking to leverage more often. In addition, we are becoming a more meaningful source of capital to our banking partners and peer group as well.”