NEW YORK, Feb. 19, 2019 /PRNewswire/ -- SQN Capital
Management, LLC, the New York and
London based asset finance fund
specialist, confirms that it funded over a quarter-billion dollars
of unlevered new business across its investment fund platforms in
2018.
During 2018, SQN successfully closed two funds and recently
launched a third fund as part its US focused, Sharia compliant
equipment financing platform. "The platform had a strong start –
closing more than 118 transactions and deploying more than $140MM
of equipment lease and lease participation transactions across a
wide array of industries, sectors and equipment types in sizes
between $1MM and $10MM" reported Andrew
Carman, SQN's US Head of Originations and Investments.
SQN's growth continued with the launch of the SQN Secured Loan
Fund, a Dublin, Ireland based
private pan-European offering, in January
2019. The SQN Secured Loan Fund, which is anticipated to add
€75MM to €100MM of new business volume this year, is SQN's first
large scale fund that combines broader asset finance with equipment
leasing. The new program is being offered outside of the UK and
with a cost of capital lower than any of the existing SQN programs,
which should further expand market opportunities for the group.
To date, non-equipment, asset-based financing was provided
through the publicly-traded SQN Secured Income Fund which, in the
4th quarter of 2018, announced an expansion and
intention to raise up to an additional £100M by the end of 2019.
The SQN Secured Income Fund currently pays a monthly dividend of
more than 7% annualized.
SQN is also pleased to report that "SQN Asset Finance Income
Fund, the asset leasing fund, delivered a share price total return
of 16%" for 2018 making it one of the "Largest Price Risers"
according to Stifel's Fund Sector Review 2018 released on
January 8, 2019.
About SQN Capital Management, LLC
SQN Capital Management is an SEC registered investment advisor
providing alternative asset management services to a diverse array
of clients including insurance companies, hedge funds, private
wealth managers, retail investors, family offices, pensions, and
funds of funds. SQN has nine active funds under management or
advisement in three regions (the US, UK, and Middle East), with funds domiciled in the US,
UK, Channel Islands, and
Cayman Islands. Across the funds,
SQN has over $1bn of unlevered
capital currently invested. SQN manages the world's only
publicly-traded diversified equipment leasing and asset finance
fund, the SQN Asset Finance Income Fund Limited which is traded on
the Main Market, Premium Segment of the London Stock Exchange under
the ticker symbols SQN and SQNX.
Contact Information:
Andrew Carman
SQN Capital Management, LLC
100 Wall Street, 28th Floor
New York, NY 10011
(212) 422-2166 - Office
(203) 312-3311 - Direct
acarman@sqncapital.com
www.SQNCapital.com
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SOURCE SQN Capital Management