Wingspire Capital Holdings has launched as an independent diversified direct lender focused on providing ABL financing and related senior secured loans to U.S.-based middle market borrowers.
Based in Atlanta, Wingspire focuses on the upper tier of the senior secured ABL market by providing senior secured revolving credit lines and term loans ranging in size from $20 to $200 million. The company will serve public and private businesses in an array of industries, including manufacturing, distribution, retail, logistics, automotive, energy, consumer products, hospitality and business services. Its loans will be secured by assets such as accounts receivable, inventory, equipment, real estate and intellectual property.
Wingspire, a portfolio company of Owl Rock Capital, is led by David Wisen, a 25-year commercial finance industry veteran who previously served as group president of Textron Financial, a $12 billion diversified commercial finance company.
“We are excited to launch an asset-based lending platform that seeks to differentiate itself by delivering versatile capital solutions with speed, certainty and transparency,” said Wisen.
“With deep and diverse experience in the senior secured credit market, our team of commercial finance professionals has the ability to provide a wide variety of asset-based financing options with surety of transaction execution. We look forward to partnering with borrowers, sponsors and intermediaries and becoming their go-to provider for transitional and growth capital.”
Wisen is joined by a seasoned team of professionals with experience in the ABL market from leading commercial finance lending institutions including MidCap Financial, Wells Fargo Foothill, SunTrust, Bank of America, GE Capital and Textron Financial.