ATLANTA, June 28, 2022 /PRNewswire/ — Wingspire Capital Holdings LLC (“Wingspire Capital”) at present introduced an settlement to accumulate Liberty Commercial Finance LLC (“Liberty”). Wingspire Capital is a portfolio firm of Owl Rock Capital Company, a publicly traded enterprise growth 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 tools finance options to middle-market corporations. 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 accumulate 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 tools finance providing and broadens our attain throughout the center market buyer base,” stated David Wisen, Co-Founder and CEO of Wingspire Capital.
Since inception in 2017, Liberty has originated over $1.3 billion in complete tools 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 adjustments in market situations. The corporate’s underwriting, originations and capital markets groups are all headed by seasoned veterans below the path of founder and CEO, Eric Freeman. Mr. Freeman will proceed to run Liberty Industrial Finance below the Wingspire Gear Finance platform, with a headquarters workplace based mostly in Tustin, California.
“We couldn’t have discovered a greater accomplice in Wingspire. The corporate tradition, robust management and institutional values align nicely with Liberty. The subsequent part of our development begins now,” stated 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 tools finance platform that may ship tailor-made monetary options to center market corporations and their personal fairness sponsors,” stated 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 services 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 corporations throughout all levels of development and complexity. The commitments for our credit score services 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), another asset supervisor with roughly $102 billion of belongings below 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 tools financing, with transactions starting from $1 million to $50 million, and options tailor-made primarily to center market corporations throughout quite a few industries nationwide. Liberty was based in 2017 by tools financing veteran Eric Freeman, and is led by a crew 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]
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SOURCE Wingspire Capital