Newsletter | January 2022

Dear Friends and Colleagues,

As 2022 begins, we are excited about what the new year will bring. We wrapped up 2021 with the closing of our inaugural equipment leasing ABS transaction and the end of an active year closing deals. As we ring in the new year, our team shares what they love about spending the holiday season in New York City, as well as a few of their favorite holiday traditions. We hope you've enjoyed a wonderful holiday season and wish you a happy and healthy 2022! 

As always, if you or your clients have transactions that require an immediate or alternative investor, we are ready with substantial capital and flexible, transparent structuring alternatives. We provide details below on select recent transactions and links to our investment parameters and inquiry form.

 

Our Inaugural Securitization

We recently announced the securitization of equipment leasing assets from its Atalaya Equipment Leasing Fund I (“AELF”). The ABS issuance was significantly oversubscribed and meaningfully improved expected returns for the fund’s investors.

AELF is an approximately $300 million fund dedicated to originating and acquiring leases typically backed by mission-critical equipment. Atalaya’s equipment leasing effort has a long history of financing equipment for both small-middle market companies as well as much larger, well-known counterparties. AELF invests across industries and equipment types, offering diversification for investors seeking asset-based strategies with current income.

The ABS issuance, which priced at a weighted average yield of 1.64%, achieved a AAA-rated structure for the senior-most tranche of the securitization.

We are excited to have closed our inaugural equipment leasing ABS transaction,” said Rana Mitra, head of Atalaya’s equipment leasing strategy. “This issuance is a testament to the growth of our dedicated platform and hard work by our team, and we are thrilled to have been able to bolster returns for our fund investors through this transaction. Importantly, this transaction allows us to broaden the leasing solutions we can provide for our counterparties. We look forward to future issuances and furthering our relationships within the equipment leasing and ABS market.”

Holiday Recap from the Atalaya Leasing Team

Rockefeller Plaza HolidaysTo get to know the Atalaya Leasing team better, we asked them what they love about New York City during the holiday season and to share their favorite holiday traditions. 

What is the best part of being in New York City for the holidays? 

Aneesh Kelkar: Our office in Rockefeller Plaza gives us the best seats in the house for the Rockefeller Plaza Christmas Tree lighting ceremony. It is great to see the city decorated for the holidays and stores with their displays. 

If someone was visiting New York City during the holiday season for the first time, what would you encourage them to do with their time?

Jean Cutting: I would suggest taking in a show. The live performances and talent on Broadway are incredible, especially the musicals. Follow this up with a great dinner and make sure you get to Central Park for the contrast of the city streets and the park experience. 

What are your favorite holiday traditions? 

Rana Mitra: Going overboard with Christmas decorations at my house and having the whole family work on a volunteer project.  

What did you do for New Year's Eve or New Year's Day?

Steve Scheuble: On New Year’s Eve, my wife and I had a date night and made dinner together. New Year’s Day was dedicated to college football, bowl pools, and more wings than anyone should eat.

Deal Spotlight

~$7 Million

Education Platform Secures Financing to Serve Students
$20 Million

Sale-Leaseback of Air Medical Transport Helicopters
~$6 Million

Pharmaceutical Manufacturer Secures Financing for Automation Equipment

Stay in Touch

Want to know what we’re working on, get to know our team, and read some interesting industry insights? Follow us on LinkedIn to stay connected.

 

Example deals are determined in good faith reflecting a reasonable picture of Atalaya’s recent investment activity.

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