In 2017, SLRC acquired a portfolio of equipment financings and the equity of Nations Equipment Finance ("NEF"), a commercial finance company that specializes in providing mission critical equipment financing solutions to small and mid-size companies. SLRC's equity investment produces current income from NEF's commercial finance investment activities and is expected to generate net long term capital gains.
NEF was founded in 2010 by former GE Capital equipment finance professionals whose team has collectively over 200 years of experience and has worked together for nearly 20 years. The team has extensive experience in valuing fixed assets and structuring transactions allowing them to provide customers with quick, creative and straightforward solutions to their financing needs.
Since inception, the management team has originated and underwritten over $1.2 billion of multi-million dollar portfolios of equipment-secured lease and term loan investments to companies in North America that operate primarily in manufacturing, construction and transportation industries with various collateral types.
In Q1, 2021, Nations Equipment Finance was renamed "SLR Equipment Finance" in conjunction with a rebranding initiative in which SLR Capital Partners ("SLR"), the listed BDCs advised by SLR (SLRC and SUNS), and the affiliate commercial finance poertfolio companies owned by SLRC and SUNS, respectively, adopted a single go-to-market brand under the SLR moniker.