Ascentium Capital Reports 22.3% Y/Y Growth in Funded Volume

January 14, 2020, 07:25 AM

Filed Under: Company Announcements

Related: Ascentium Capital, Funded Volume, Richard Baccaro, Securitization, Tom Depping

Ascentium Capital LLC reported $1.5 billion in funded volume, representing a 22.3 percent increase over last year. Highlights for the company during 2019 included:

Managed $2.43 billion in assets representing 20 percent growth;
Closed a $398 million securitization featuring AAA and Aaa ratings;
Maintained its rank as the largest private-independent equipment finance company;
Achieved $6.2 billion in originations since 2011.

“We had a strong end to another record year. This is the outcome of our intense client focus which produces organic growth as well as repeat business growth across our business. These achievements combined with our leading position in equipment financing sets us up for continued operational success,” said Chief Executive Officer Tom Depping.

Since 2011, to drive growth, Ascentium Capital has been committed to the allocation of resources to support key industries membership in associations. This includes sponsoring efforts for the CLFP (Certified Leasing and Financing Processionals) Foundation. Ascentium currently has 47 employees with the CLFP certification. Additionally, the company facilitates an intensive three-day sales training course for newly hired personnel. This focus on continuous professional advancement assists in recruiting talent and financial sales representatives across the United States. Ascentium will continue to expand its national footprint throughout 2020.

“The company’s ability to achieve consistent performance demonstrates the strength of our finance platform and the deepening of business relationships that clients demand. Looking ahead, we see the continued strength of our offering and a large market opportunity enabling Team Ascentium to reach new milestones in 2020,” said Richard Baccaro, Chief Sales and Marketing Officer.

As a direct lender, Ascentium Capital LLC specializes in providing a broad range of financing, leasing and small business loans. Its offering benefits equipment manufacturers and distributors as well as direct to businesses nationwide. Ascentium Capital is backed by the strength of leading investment firm Warburg Pincus LLC.