KKR launches equipment finance subsidiary
Akrapoint Commercial Capital to focus on financing solutions for SMBs
Global investment firm KKR has launched Akrapoint Commercial Capital, a mid-ticket equipment finance company.
Akrapoint is backed by $350 million in investment funds managed through KKR’s asset-based finance business, according to a KKR release today.
Akrapoint finance vocational vehicles and industrial equipment for small and mid-size businesses across the United States, serving industries including manufacturing, energy, waste management, construction and transportation.
Nate Smith will lead the company as co-founder and chief executive. Previously, Smith spend nearly a decade at transformation finance company Trans Lease, where he led credit, portfolio management, funding and compliance teams.
KKR established its asset-based finance strategy in 2016 and has since grown the platform to more than $91 billion in assets under management.
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