ATLANTA, June 28, 2022 /PRNewswire/ — Wingspire Capital Holdings LLC (“Wingspire Capital”) at this time introduced an settlement to amass Liberty Industrial Finance LLC (“Liberty”). Wingspire Capital is a portfolio firm of Owl Rock Capital Company, a publicly traded enterprise improvement firm that’s externally-managed by an oblique subsidiary of Blue Owl Capital Inc.
The acquisition will present Wingspire Capital with a high-growth direct originations platform that has a nationwide market presence offering gear finance options to middle-market firms. Phrases of the transaction weren’t disclosed, and the acquisition is anticipated to shut on June 30.
“We’re excited to announce the settlement to amass Liberty, an organization that enhances our present enterprise and our development technique. This acquisition will combine best-in-class originations and syndication groups to our present gear finance providing and broadens our attain throughout the center market buyer base,” mentioned David Wisen, Co-Founder and CEO of Wingspire Capital.
Since inception in 2017, Liberty has originated over $1.3 billion in complete gear finance quantity and constructed a diversified portfolio throughout industries. Liberty offers each direct financing and syndications, permitting it to supply versatile, customer-centric options and dynamically reply to modifications in market circumstances. The corporate’s underwriting, originations and capital markets groups are all headed by seasoned veterans underneath the path of founder and CEO, Eric Freeman. Mr. Freeman will proceed to run Liberty Industrial Finance underneath the Wingspire Tools Finance platform, with a headquarters workplace primarily based in Tustin, California.
“We couldn’t have discovered a greater companion in Wingspire. The corporate tradition, sturdy management and institutional values align effectively with Liberty. The following section of our development begins now,” mentioned Eric Freeman, Founder and CEO of Liberty Industrial Finance.
“We’re very happy to see Wingspire’s continued development and success. The mixed firm will create a premier gear finance platform that may ship tailor-made monetary options to center market firms and their non-public fairness sponsors,” mentioned Craig Packer, a Co-Founding father of Blue Owl Capital and the Chief Govt Officer of Owl Rock Capital Company.
ABOUT WINGSPIRE CAPITAL
Wingspire Capital is a center market-focused, specialty finance agency that gives asset-backed credit score amenities to companies throughout all industries. Our depth of expertise throughout all debt merchandise and industries permits our agency to be inventive and versatile in our strategy, and the lender of alternative for firms throughout all phases of development and complexity. The commitments for our credit score amenities vary in measurement from $20 to $200 million.
Wingspire is a portfolio firm of Owl Rock Capital Company (NYSE: ORCC), which is externally managed by Owl Rock Capital Advisors LLC, an SEC-registered funding adviser and a part of Owl Rock. Owl Rock is a division of Blue Owl Capital (NYSE: OWL), an alternate asset supervisor with roughly $102 billion of belongings underneath administration as of March 31, 2022. For additional details about Wingspire, go to wingspirecapital.com.
ABOUT LIBERTY COMMERCIAL FINANCE
Liberty Industrial Finance offers extremely aggressive gear financing, with transactions starting from $1 million to $50 million, and options tailor-made primarily to center market firms throughout quite a few industries nationwide. Liberty was based in 2017 by gear financing veteran Eric Freeman, and is led by a group with greater than 250 years of mixed expertise. Study extra about Liberty at libertycommercial.com.
Media contact for Wingspire Capital
Mary Jane Credeur of The Credeur Group
+1-404-317-2718 | [email protected]
SOURCE Wingspire Capital