LeasePoint Funding Group secured $40 million of incremental funding from Altriarch Asset Management. Westlake Securities, an Austin-based investment bank, played a part in orchestrating the capital raise. The facility will support LeasePoint’s goal to expand in the equipment financing industry, providing capital to sustain its growth and meet increasing demand.
“We’ve made significant additions to our executive team in 2024 and continue to develop our proprietary origination platform,” Jeff Markim, founder and CEO of LeasePoint, said. “Demand for structured vendor finance programs with LeasePoint has never been higher. This strategic partnership with Altriarch will accelerate our continued growth and improve our overall capabilities.”
“We’re thrilled to be a part of LeasePoint’s growth story,” Danielle Brown, managing partner and co-CEO of Altriarch, said. “Their impressive pace and commitment to innovation in equipment financing align perfectly with our focus on empowering non-bank commercial lenders. This facility ensures that LeasePoint has the capital it needs to continue its rapid expansion.”
