SQN Capital Management, LLC, the New York- and London-based asset finance fund specialist, confirmed it funded over a quarter-billion dollars of unlevered new business across its investment fund platforms in 2018.

During 2018, SQN successfully closed two funds and recently launched a third fund as part its U.S.- focused, Sharia-compliant equipment financing platform.

"The platform had a strong start – closing more than 118 transactions and deploying more than $140 million of equipment lease and lease participation transactions across a wide array of industries, sectors and equipment types in sizes between $1 million and $10 million," said Andrew Carman, SQN's US Head of Originations and Investments.

SQN's growth continued with the launch of the SQN Secured Loan Fund, a Dublin, Ireland-based private pan-European offering, in January 2019. The SQN Secured Loan Fund, which is anticipated to add $85 million to $113 million of new business volume this year, is SQN's first large scale fund that combines broader asset finance with equipment leasing. The new program is being offered outside of the UK and with a cost of capital lower than any of the existing SQN programs, which should further expand market opportunities for the group.