Owl Rock-backed Wingspire Capital invests in Liberty Commercial Finance

• Since its inception in 2017, Liberty has originated over $1.3 billion in total equipment finance volume
• Wingspire Capital provides asset-backed credit facilities to businesses across all industries
• Liberty Commercial Finance was founded in 2017

Wingspire Capital, a portfolio company of Owl Rock Capital, has agreed to acquire Liberty Commercial Finance LLC, a provider of commercial equipment financing to middle-market companies. No financial terms were disclosed.

The deal is expected to close on June 30, 2022.

“We are excited to announce the agreement to acquire Liberty, a company that complements our existing business and our growth strategy,” said David Wisen, co-founder and CEO of Wingspire Capital, in a statement. “This acquisition will integrate best-in-class originations and syndication teams to our existing equipment finance offering and broadens our reach within the middle market customer base.”

Since its inception in 2017, Liberty has originated over $1.3 billion in total equipment finance volume and built a diversified portfolio across industries. Liberty provides both direct financing and syndications, allowing it to offer flexible, customer-centric solutions and dynamically respond to changes in market conditions.

The company’s underwriting, originations and capital markets teams are all headed by veterans under the direction of founder and CEO Eric Freeman. Freeman will continue to run Liberty Commercial Finance under the Wingspire Equipment Finance platform, with a headquarters office based in Tustin, California.

Wingspire Capital is a middle market-focused, specialty finance firm that provides asset-backed credit facilities to businesses across all industries. The commitments for credit facilities range in size from $20 million to $200 million.

Liberty Commercial Finance was founded in 2017.