Mitsubishi HC Capital’s Corporate Asset Finance Group Surpasses $1.5B in Originations

Mitsubishi HC Capital (U.S.A.) recently surpassed $1.5 billion in lease and finance originations through its corporate asset finance group (CAF). Launched six years ago, the CAF group has transacted with more than 200 new customers and recorded more than $4.5 billion in funding since inception.

The CAF group originates new business through its direct leasing, capital markets and trade finance divisions. In 2021, the CAF group closed $250 million of new portfolio volume, with assets split between commercial and governmental obligors.

The group’s transactions for commercial obligors involved various assets and industries, including technology equipment for several internet services firms and an industrial conglomerate, material handling equipment for a car manufacturer, medical equipment for a hospital and specialized printers for a clothing manufacturer. The group’s government investments were focused primarily on technology assets for various federal government agencies.

“Although we routinely fund hard collateral deals, large investments in essential use, specialized assets are another core investment thesis for us,” Brian Rosa, managing director and co-founder of the CAF group for Mitsubishi HC Capital, said. “We also focus on substantive high-growth technology firms and strategic hospitals with reasonable cash flow prospects.”

Led by Matt Ross, the CAF group’s direct leasing division works with both corporate lessees and OEMs to provide customized lease and loan products to help clients meet their annual capex needs and sales solution goals. Meanwhile, the CAF group’s indirect business is active in the capital markets, having transacted with more than 40 different financial partners since inception.

“Quick turnaround and reliable execution are critical for our partners,” Corinne Seton, who leads capital markets for the CAF group for Mitsubishi HC Capital, said. “We pride ourselves on offering flexibility and creative problem-solving capabilities to the banks, captives, independents and hedge funds with whom we work.”

The CAF group’s trade finance team, headed by Richard Coasby, funded more than $1 billion in 2021. The trade finance business has focused mainly on technology, telecommunication and industrial clients, including two sub-investment grade debtor portfolios of more than $100 million. Coasby’s team has funded more than $3 billion of receivables and payables since 2018 for a portfolio of customers in the United States and overseas. The trade finance team transacts on both the buy and sell side with large and mid-market financial institutions.

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