- Over $4.5 billion in financing
commitments across Wingspire Equipment Finance and Wingspire
Corporate Finance
NEW
YORK, Oct. 22, 2024 /PRNewswire/ -- Blue Owl
Capital Corporation (NYSE: OBDC) announced the five-year
anniversary of its investment in Wingspire Capital ("Wingspire"), a
premier asset-backed direct lender that operates two business
units, Wingspire Equipment Finance and Wingspire Corporate
Finance.
Blue Owl Capital Corporation launched Wingspire in the fall of
2019 and has increased its support steadily since then. Since
inception, Wingspire has closed over $4.5 billion in financing commitments. Blue Owl
Capital Corporation is keen to continue supporting both Wingspire
Equipment Finance and Wingspire Corporate Finance through a
combination of organic growth, acquisitions, and new product
offerings. Blue Owl Capital Corporation was an early leader in the
growing trend of private credit firms venturing into asset-backed
lending, answering the increasing demand for flexible financing
solutions in the marketplace.
Wingspire has made its mark as a provider of a range of
specialized financing solutions, primarily focusing on the needs of
middle-market businesses for bank-adjacent credit profiles that
require swift access to capital. Wingspire Equipment Finance
exemplifies this by providing tailored financing solutions designed
to meet the needs of companies relying on specific equipment to
execute their operations effectively.
Craig W. Packer, CEO of Blue Owl
Capital Corporation, said: "Our continued support of Wingspire is a
testament to the firm's world-class management team and their
exceptional work in equipment financing and asset-based lending.
Over the past five years, Wingspire has grown profitably and
developed into a well-respected brand. We were especially pleased
with the successful completion of its inaugural equipment finance
asset-backed securitization (ABS), WEF 2024-1, which represented
the first inaugural large-ticket equipment ABS to receive ratings
from a major rating agency."
David Wisen, CEO of Wingspire
Capital, said: "As the private credit market continues to evolve,
the demand for flexible, timely capital solutions will grow. The
support of Blue Owl Capital Corporation enables us to enhance our
offerings and respond to our clients' unique needs more
effectively."
"With the continued support of Blue Owl Capital Corporation, we
are set to scale our operations and offer our clients access to
capital in a way that is both efficient and effective," said
Eric Freeman, the CEO of Wingspire
Equipment Finance. "Our expertise in equipment finance combined
with OBDC's extensive resources position us to remain a leader in
this space."
ABOUT WINGSPIRE CAPITAL
Wingspire Capital provides senior secured credit facilities of
up to $200 million, and currently has
over $1 billion in assets under
management. It operates as two divisions: Wingspire Corporate
Finance, which provides senior secured revolving lines of credit
and term loans, and Wingspire Equipment Finance, which provides
standalone equipment loans and leases.
Industries financed include automotive, business services,
consumer products, distribution, e-commerce & retail, financial
services, food & beverage, healthcare, industrial,
transportation & logistics, and technology applications.
Wingspire Capital is a portfolio company of Blue Owl Capital
Corporation (NYSE: OBDC). OBDC is externally managed by Blue Owl
Credit Advisors LLC, an indirect affiliate of Blue Owl Capital,
Inc. (NYSE: OWL). Blue Owl Capital, Inc. is a global alternative
asset manager with over $192 billion
of assets under management as of June 30,
2024. For further information about Wingspire Capital,
visit www.wingspirecapital.com.
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SOURCE Wingspire Capital
