SQN Capital Management provided a $10 million equipment lease to a 45-year-old, Gulf states-based offshore platform commercial services company.

The equipment, including more than five remote operated underwater vehicles, will be used to support the company’s strategic contracts with both off shore oil and gas companies and wind farm service companies.

SQN Capital Management is an SEC-registered investment advisor which provides 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. SQN has nine active funds under management or advisement.