After launching the first publicly traded diversified equipment leasing fund, SQN Capital Management ends banner year
SQN places over $80mm of equity investments in December and adds over $250 million in equity raised to its platform for the year.
NEW YORK, Jan. 7, 2015 /PRNewswire/ -- SQN Capital Management, LLC ("SQN" or the "Company"), an independent asset manager and registered investment advisor, announced today that it is coming off the most successful year in the firm's history. Capping off 2014, SQN funded over $80 million in equity investments in the month of December and announced the acquisition of Summit Asset Management Limited to take place in January 2015. Summit Asset Management is a specialist leasing company formed in 1991 and the former joint venture partner of SQN. The acquisition and merger into SQN Capital Management (UK) Limited will give SQN the platform and infrastructure to further expand internationally.
SQN added over $250 million in equity raised to its platform across three fund offerings including the oversubscribed SQN Asset Finance Income Fund Limited. In comments at the opening ceremony at the London Stock Exchange, Jeremiah Silkowski, Chief Executive Officer of SQN, stated, "We believe this to be the first publicly traded equipment lease and asset finance investment company traded on a major exchange. This marks a major achievement for both SQN as a company and for equipment leasing as an investment vehicle."
In 2014, SQN added Claudine Aquillon as Chief Operating Officer who brings over 25 years of operations experience, in both the public and private sectors, to SQN. During her career in the financial services industry, Ms. Aquillon has served in multiple senior management and director positions at independent leasing companies, international banks, and due diligence firms. Ms. Aquillon brings mergers & acquisition experience, having been part of a team that structured several successful acquisitions in the banking and financial services industry.
Also in 2014, it was announced that Michael Ponticello was named President of SQN Securities, LLC, SQN's broker-dealer. Under Mr. Ponticello's leadership, SQN increased new subscriptions agreements by 117%, total equity raised by 130% and the average investment size by 5.7%, as compared to results from 2013.
SQN began 2014 by making a liquidation distribution to SQN Alternative Investment Fund II, LLC investors, which brought investors to a 9.65% IRR over the life of the fund.
About SQN
Headquartered in New York City, SQN is an independent asset manager and registered investment advisor specializing in alternative investments. SQN provides financing for capital asset intensive operations across a diverse array of industries including agricultural, energy, environmental, manufacturing, medical, technology, and transportation industries.
SQN Capital Management, LLC
Phone: (212) 422-2166
Web: www.sqncapital.com
This material may contain forward-looking statements that involve assumptions, uncertainties and risks, some of which are set forth below. These statements are not guarantees and should not be regarded as representations that the results or conditions described in such statements, or that our objectives and/or plans, will be achieved.
SQN Securities, LLC, member FINRA/SIPC, is the exclusive selling agent for U.S. programs sponsored by SQN Capital Management, LLC.
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SOURCE SQN Capital Management, LLC
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