Fairfield Capital closed the first $50 million tranche of a contemplated $150 million project financing for one of its manufacturer clients. Approximately $13.4 million was drawn in the first closing in early July.

The client is a late-stage venture company involved in the manufacture of clean energy equipment for the logistics industry. The financings take the form of sale-leaseback transactions supported by power purchase agreements with various of the client’s customers. The lease investor was one of the largest U.S. bank-owned leasing companies.

Dana Pasternak, a managing director and founder of Fairfield Capital, said, “We are extremely proud to have been instrumental in structuring, arranging, placing negotiating and closing this financing for our client. This financing, which was 15 months in the making, will enable our client to truly move to the ‘next level.’ We are extremely appreciative of their cooperation, and the creativity and commitment of our lease investor in making this deal happen.”

Fairfield Capital, which was founded in 2004, provides investment banking services and capital markets solutions for the equipment finance and leasing industry.