Blue Owl Capital is celebrating the five-year anniversary of its investment in Wingspire Capital, an asset-backed direct lender that operates two business units, Wingspire Equipment Finance and Wingspire Corporate Finance._x000D_
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Blue Owl Capital 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._x000D_
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“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,” Craig W. Packer, CEO of Blue Owl Capital, said. “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.”_x000D_
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“As the private credit market continues to evolve, the demand for flexible, timely capital solutions will grow,” David Wisen, CEO of Wingspire Capital, said. ”The support of Blue Owl Capital Corporation enables us to enhance our offerings and respond to our clients’ unique needs more effectively.”_x000D_
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“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,” Eric Freeman, CEO of Wingspire Equipment Finance, said. “Our expertise in equipment finance combined with OBDC’s extensive resources position us to remain a leader in this space.”
Forward for Specialty Finance
