Equipment finance platform Ansley Park Capital has closed its inaugural asset-backed securitisation, with it valued at $400m (£303m), making it the largest first-time issuance in the large-ticket equipment finance market, the firm said.
Ansley Park, which is an affiliated portfolio company of certain Ares Alternative Credit funds, has employed a credit-focused strategy to build a diversified portfolio.
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The offering includes more than $400m of rated securities, with Moody’s providing ratings across the full capital stack.
“This milestone transaction is a testament to the innovative vision of our platform, the confidence of our investors, and the dedication of our exceptional team,” commented Eric Miller, president and chief executive of Ansley Park Capital.
“Together, we are building and scaling a company that is setting new industry benchmarks.”
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“Ansley Park Capital has distinguished itself with rapid growth, rigorous underwriting, and a commitment to building a premier equipment finance platform,” added Ankur Patel, partner in alternative credit at Ares Management.
“This inaugural securitisation showcases the strength of the team and the trust the market has placed in the platform. We are excited to support Ansley Park Capital’s continued growth and expansion.”
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