Monroe Capital leads $100m investment in NFS Capital
US-based asset manager Monroe Capital has led a $100m (£74m) minority equity investment in equipment finance company NFS Capital, it announced today.
NFS provides flexible equipment financing and asset-backed loans to small and mid-sized businesses across the US and Canada.
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The company has deployed over $1.5bn in leases and loans across a range of industries including manufacturing, healthcare, construction, industrial automation, information technology and life sciences.
“We are excited to partner with NFS Capital to support its next phase of growth in the large and high-demand equipment leasing market,” said Kyle Asher, co-head of Monroe’s alternative credit solutions group.
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“NFS is a well-established, independent financing provider with a strong track record and a differentiated approach to leasing and asset-backed lending.”
“We are very pleased to welcome Monroe Capital as strategic partners,” added Ashley Whyman, president of NFS.
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“Their vision for the future of the business aligns with ours, and their capital, resources, and deep expertise in capital markets will help accelerate our growth and expand our reach.”
Monroe Capital announced a joint aircraft leasing venture with AIP Capital last month.
