Worldfab established an equipment leasing investment program with alternative investment advisory firm Atalaya Capital Management to fund equipment leases and other transactions originated by Worldfab.
“We are excited to establish this programmatic relationship with Atalaya. Their client-centered business philosophy closely matches our own, and the new program will allow us to accelerate the growth of our client relationships,” said Bob Ragland, co-founder and managing partner of Worldfab. “The partnership with Atalaya allows us to provide equipment financing products to more businesses with expanded funding capabilities. With Atalaya’s support, we will continue to improve our marketing and administrative infrastructure, as well as our equipment management tools, to drive value for businesses, equipment manufacturers, and other stakeholders.”
“Atalaya values Worldfab’s expertise in the leasing market and is enthusiastic about the possibilities of this new program,” said Rana Mitra, a managing director who leads Atalaya’s equipment leasing strategy. “Atalaya has substantial experience investing in equipment finance and collaborating with specialty finance partners and we look forward to helping Worldfab scale its innovative equipment financing solutions to meet an increasing market demand.”
Worldfab was introduced to Atalaya by the Vice-Chairman of The Roosevelt Investment Group, Steven Wasserman, who serves on Atalaya’s strategic advisory board.
Worldfab provides direct lease funding for an array of new and used equipment. It serves end-user clients, equipment vendors and original equipment manufacturers, and owners/lessors of existing lease portfolios. Worldfab focuses on asset and equipment quality rather than balance sheet and cash flow credit metrics, which allows the company to monetize equipment value more efficiently and provide flexible solutions for clients not otherwise able to access the capital markets.
Founded in 2006 and headquartered in New York, Atalaya Capital Management is a privately-held, SEC-registered, alternative investment advisory firm which focuses on making credit and special situation investments in three principal asset classes – specialty finance, real estate and corporate.
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