SQN Capital Management funded over a quarter-billion dollars of unlevered new business across its investment fund platforms in 2018.

During the previous year, SQN successfully closed two funds and recently launched a third fund as part its U.S.-focused, Sharia-compliant equipment financing platform.

“The platform had a strong start – closing more than 118 transactions and deploying more than $140 million of equipment lease and lease participation transactions across a wide array of industries, sectors and equipment types in sizes between $1 million and $10 million,” reported Andrew Carman, SQN U.S. head of Originations and Investments.

SQN’s growth continued with the launch of the SQN Secured Loan Fund, a Dublin, Ireland-based private pan-European offering, in January 2019. SQN anticipates the Fund will add €75 million to €100 million of new business volume this year and is SQN’s first large scale fund that combines broader asset finance with equipment leasing. The new program is being offered outside of the UK and with a cost of capital lower than any of the existing SQN programs, which should further expand market opportunities for the group.

To date, non-equipment, asset-based financing was provided through the publicly-traded SQN Secured Income Fund which, in the 4th quarter of 2018, announced an expansion and intention to raise up to an additional £100 million by the end of 2019.

The SQN Secured Income Fund currently pays a monthly dividend of more than 7% annualized.

“SQN Asset Finance Income Fund, the asset leasing fund, delivered a share price total return of 16%” for 2018 making it one of the “largest price risers,” according to Stifel’s Fund Sector Review 2018 released on January 8, 2019.

SQN Capital Management is an investment advisor providing alternative asset management services to a diverse array of clients, including insurance companies, hedge funds, private wealth managers, retail investors, family offices, pensions and funds of funds. It has nine active funds under management or advisement in three regions (the U.S., UK and Middle East), with funds domiciled in the U.S., UK, Channel Islands and Cayman Islands.