ATEL Capital Secures $500MM of Institutional Equity

ATEL Capital Group launched several new private institutional funds
generating commitments of $500 million of equity to be invested in low-tech
equipment operating leases.“This increased equity capital will allow us to double our funding of true
leases to our customers over the next 18 months,” said Dean Cash, Chairman
and CEO of ATEL Capital Group. “As the economy has gone through economic
ups and downs over the last 40 years, ATEL has been and remains a
consistent funding source for American industry during all business cycles.”In advance of this new capital, ATEL Leasing Corporation expanded its lease
origination and syndication teams with experienced, high-level producers in
Q1 and Q2 of this year.“Our momentum with direct customer relationships and through capital
markets perfectly aligns with the growth of our institutional investor
programs allowing us to increase the size of our equipment lease
portfolio,” said Ken Fosina, EVP of ATEL Leasing.