Stonebriar Commercial Finance is celebrating its sixth anniversary this week after closing another company record year, with new funded volume of $1.43 billion in structured leases and loans and a 36% year-over-year increase in operating income. Stonebriar also completed its sixth consecutive year with zero credit losses.

In 2015, Stonebriar’s leaders and the company’s primary investor, Eldridge, launched the business with a management team with an average of 25 years of experience in the industry, including two prior de novo startups. Stonebriar’s team has grown the company’s portfolio to $3.4 billion since inception.

“This has been the most challenging and rewarding six years of my career. We started with an initial equity investment, six employees and temporary office space,” Dave B. Fate, president and CEO of Stonebriar Commercial Finance, said. “Six short years later, we have a profitable, well-performing, diversified portfolio; 48 employees; eight asset-backed securitizations totaling $4.5B with over 70 institutional investors comprised of the world’s largest asset managers, pension funds and insurance companies; and a Monitor 100 ranking as the largest independent commercial finance company. Stonebriar’s success is driven by the contributions of its employees, its valued client relationships, and the steadfast support of its investors and strategic partners. To each, we thank you for the past six years and are looking forward to shared success in the years to come.”

Since inception, Stonebriar has deployed $6 billion in capital to 274 clients in the U.S., Canada and select foreign jurisdictions. Stonebriar remains capitalized with a $1 billion revolving credit facility, $240 million aggregate in unsecured notes and the recent closing of its eighth securitization, which is secured by its largest pool to date, with an aggregate discounted contract balance exceeding $1 billion.

“Despite the global health pandemic, we remain focused on our disciplined approach to client and asset selection, structuring fundamentals, and portfolio management,” Fate said. “The positive performance of the portfolio, coupled with a record-setting volume of new business during a period of worldwide market dislocation, is a testament to Stonebriar’s strength to weather inevitable storms and its commitment to provide capital to businesses when they need it most. We are excited about the strong momentum moving into 2021 and beyond.”