Wingspire Equipment Finance

What Wingspire Equipment Finance does

Wingspire Equipment Finance is a privately held specialty equipment finance lender focused on the U.S. and Canadian middle market, with particular emphasis on private equity-backed companies. The company was originally founded in 2017 as Liberty Commercial Finance, acquired by Wingspire Capital Holdings (backed by Blue Owl Capital, which manages $315B+ in AUM) in 2022, and rebranded under its current name. It operates from a recently expanded headquarters and serves 450+ unique obligors across 1,000+ equipment schedules, with $3B+ in cumulative funded volume since inception.

The company's core products include sale-leaseback transactions, equipment lines of credit, and large transaction financing typically sized $5 million to $100 million+. It has built a capital markets platform, executing an inaugural equipment ABS (WEF 2024-1, $201M) in September 2024 and a follow-on issuance (WEF 2025-1, $292M+) in October 2025, alongside a $350 million warehouse facility from Bank of America and Wells Fargo. The company has expanded into GPU and AI infrastructure financing (including NVIDIA Blackwell-based systems) and into SaaS/IT MSP financing, complementing its traditional verticals across aviation, manufacturing, healthcare, technology, transportation, mining, food & beverage, aerospace & defense, energy, retail, and marine.

The business model is balance-sheet lending combined with capital markets distribution: Wingspire originates and holds equipment leases and loans, then refinances and distributes exposures via warehouse lines and securitization. Revenue is generated from net interest spreads on funded volume plus origination, structuring, and capital markets fees. The company reports a 66% repeat customer rate and receives roughly half of its new clients via referrals, reflecting a relationship-driven origination model supported by a leadership team with 250+ combined years of equipment finance experience and broad coverage of PE sponsor channels.

Name

Wingspire Equipment Finance

Legal name

Wingspire Equipment Finance LLC

Website

https://ef.wingspirecapital.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Wingspire Equipment Finance is a U.S. and Canadian specialty equipment finance lender serving middle-market and private equity-backed companies with sale-leasebacks, equipment lines of credit, and $5M-$100M+ transactions, backed by Blue Owl Capital.

Ownership category

akta.pro rank

Product category

Equipment Finance / Commercial Lending

NAICS

Sales Financing (52222), Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing (532411)

SIC

Finance Lessors (6172), Asset-Backed Securities (6189)

akta.pro primary industry

SME Equipment & Asset Finance (Leasing, Fleet, Capex) (FSABABAH)

akta.pro secondary industries

Large-Cap / Sponsor Finance Direct Lending (FSANADAJ), Equipment & Asset Finance Brokerage (FSAEAEAJ)

Keywords

• Equipment financing
• Middle market lending
• Sale-leaseback
• Capital markets
• Private equity lending

Headquarters

HQ city

Tustin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Equipment Lease Financing: Provides capital leases, equipment finance agreements, sale-leasebacks, and equipment lines of credit for acquiring new and used equipment, generating interest income and transaction fees from financing arrangements ranging from $5MM to over $100MM.
2. Capital Markets: Buy-side and sell-side capital markets activities including acquiring equipment finance portfolios and syndicating transactions, earning fees on portfolio acquisitions and sales.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Wingspire Equipment Finance is a direct lender that provides large-ticket equipment financing (typically $5MM to over $100MM) to private equity-backed and middle-market companies across capital-intensive industries in the US and Canada. Core offerings include sale-leaseback financing, equipment lines of credit, equipment finance agreements (EFAs), FMV/TRAC leases, and a Capital Markets desk that supports buy-side and sell-side transactions for third-party originators. The platform is backed by Blue Owl Capital with $315B+ AUM and supported by a $350M warehouse facility and two completed equipment ABS issuances.

Product overview

Wingspire Equipment Finance is a leading provider of comprehensive equipment financing solutions for middle market and private equity-backed companies. The company offers a unified platform of financing products including Sale-Leaseback, Equipment Lines of Credit, and Large Transaction Financing (ranging from $5MM to $100MM+), complemented by Capital Markets services for third-party originators. Wingspire serves diverse industry verticals including Aviation, Manufacturing, Healthcare, Technology, Transportation, Construction & Mining, Food & Beverage, Aerospace & Defense, Energy, Retail, and Marine. The platform is backed by Blue Owl Capital (NYSE: OWL) with over $315B in AUM, enabling large-ticket financing capabilities and permanent capital availability for complex transactions.

Differentiator

Problem solved

Functional benefit

Products and services

• Sale-Leaseback Financing A financing structure where a company sells its existing equipment to Wingspire and then leases it back, freeing up capital while retaining use of the assets. Designed for middle-market companies seeking liquidity.
• Equipment Line of Credit A revolving credit facility that provides on-demand access to capital for ongoing equipment acquisition needs, with no non-utilization fees. Built for PE-backed and middle-market companies to fund multiple equipment purchases over time.
• Large Transaction Equipment Financing Big-ticket financing solutions for transactions ranging from $5 million to over $100 million, supporting complex, high-value equipment acquisitions across industries.
• Capital Markets Financing Buy-side and sell-side capital markets services that enable third-party debt originators to fund customer transactions, sell single transactions, and acquire or sell equipment finance portfolios, serving as both buy-side and sell-side intermediary for transactions $5MM to $100MM+.
• Private Equity Firm Equipment Financing Specialized equipment financing solutions for private equity sponsor-backed companies operating in capital-intensive industries, including FMV leases and equipment lines of credit to support portfolio companies.
• Portfolio Company Equipment Financing Equipment acquisition financing tailored for sponsor-backed portfolio companies, offering operating leases and Equipment Finance Agreements (EFA) to support growth strategies and capital preservation.
• GPU and AI Infrastructure Financing Specialized financing for AI infrastructure including high-performance GPUs (Blackwell architecture), servers, storage, and related IT equipment for artificial intelligence companies.
• Equipment Finance Agreement (EFA) A structured financing agreement that enables acquisition of equipment with flexible terms and payment schedules tailored to client needs, including options for capital leases, FMV leases, and TRAC leases.

Quantifiable outcome

• 66% year-over-year funding volume growth in 2025
• +2 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• DLL Group: Global vendor and direct equipment finance lender serving middle-market and large-ticket equipment transactions across multiple asset classes. Comparable to Wingspire in large-ticket focus, capital-markets capabilities, and multi-vertical industry coverage.
• Ascentium Capital: PE-backed (LLR Partners) non-bank equipment finance lender focused on middle-market equipment financing and leasing across the US. Comparable business model, sponsor backing, and middle-market customer profile to Wingspire.
• Key Equipment Finance (KeyBank): Bank-owned equipment finance division providing capital leases, equipment finance agreements, and sale-leasebacks to middle-market and large corporate clients. Directly comparable to Wingspire's product set, ticket size range, and middle-market focus.
• Verdant Commercial Capital: Specialty equipment finance company focused on middle-market commercial equipment transactions including sale-leasebacks. Comparable to Wingspire in deal size, structure flexibility, and middle-market direct-lending model.
• GreatAmerica Financial Services: Large independent equipment finance provider offering leasing and financing solutions to middle-market businesses across multiple industries. Comparable direct-lending model, product breadth, and middle-market orientation.
• CIT (First Citizens Bank Equipment Finance): Major US equipment finance platform (formerly CIT) providing leases, loans, and capital markets services for middle-market equipment acquisitions. Direct competitor in large-ticket equipment finance and capital markets distribution.
• Encina Equipment Finance: Independent middle-market equipment finance lender providing capital leases, loans, and sale-leaseback structures. Comparable deal sizes, customer segment, and direct-lending approach to Wingspire.
• Crestmark Equipment Finance (Bank First): Equipment finance division of Bank First (formerly Crestmark) providing middle-market equipment leasing and financing solutions. Comparable middle-market focus, transaction structures, and growth trajectory in equipment finance.

Regional players

• Hanmi Bank Equipment Finance: Bank-affiliated equipment finance platform serving small and middle-market businesses primarily across the Western US. Comparable in equipment finance products but smaller ticket focus and more regional concentration than Wingspire.

Broad incumbents

• BNP Paribas Leasing Solutions: Large European-headquartered equipment finance platform serving vendors, corporates, and middle-market companies globally. Comparable in product range and vertical coverage but operates at much larger scale with broader geographic footprint than Wingspire.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/liberty-commercial-finance
• Xx.com/libertycommfin

Revenue estimate

Valuation estimate

Number of profiles

Profiles29 records

Funding overview

Funding rounds5 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wingspire Equipment Finance