Ansley Park Capital closes $400M ABS
Deals marks largest inaugural ABS in large-ticket equipment finance space
Equipment finance platform Ansley Park Capital has closed its first asset-backed securitization in a deal exceeding $400 million.
The deal marks the largest inaugural issuance in the large-ticket equipment finance market, according to an Ansley Park release today. The transaction was oversubscribed across all tranches, reflecting strong demand.
White Plains, N.Y.-based Ansley Park, a subsidiary of Ares Management Corp., has built a diverse equipment finance portfolio using a credit-focused strategy. The deal highlights Ansley’s ability to scale while maintaining strong underwriting, according to the release.
“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,” Ansley Park President and Chief Executive Eric Miller stated in the release.
Deutsche Bank Securities served as sole structuring agent and joint bookrunner. Truist Securities was joint bookrunner, and an Ares affiliate served as co-manager.
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