Stellify Capital, a specialty finance platform exclusively serving the third-party originations channel, closed a $75 million credit facility with SLC Management, a global institutional and alternatives asset manager.
Stellify Capital is led by the former full leadership team of Pawnee Leasing. This new facility strengthens Stellify’s balance sheet and provides additional capacity to support the firm’s growing portfolio and expanding originations activity.
“We have been both pleased and humbled by the support and reception from all of our prior business relationships in the equipment finance industry,” Gary Souverein, president of Stellify Capital, said. “Complementing the significant equity investment of our ownership group, this facility substantially underpins our ability to once again serve our third-party partners with our operating team’s signature underwriting, service and relationship standards that defined our platform over many years. We are very thankful for the confidence in Stellify that SLC Management’s commitment represents.”
Brian Walmsley, managing director of specialty finance and securitization at SLC Management, said, “We were pleased to renew our partnership with Stellify for this new venture launch. With Stellify’s experience and strong ownership group, they are well positioned to support the third-party channel, and we’re excited to work with the team as they enter the market under a new banner.”
