NEW YORK — NOV. 17, 2020 — Wingspire Capital LLC (“Wingspire”) is honored to be named one of the “25 Most Innovative Companies in Commercial Finance” by ABF Journal.
Companies selected for inclusion on the inaugural list were chosen for their innovative business models, forward-thinking philosophies and ability to adapt in a fast-changing environment, ABF Journal’s editorial team wrote.
In an accompanying feature about the formation of Wingspire in 2019, ABF Journal Managing Editor Phil Neuffer writes that Wingspire combines the creativity and discipline of a cycle-tested proven leadership team with the growth ambitions of alternative asset manager Owl Rock to offer a strategic source of capital for the middle market.
“I felt that if I found an investor with a long-term vision and a compatible credit culture which focused on long-term returns, we could bring something from the ground up that would enable profitable growth, rather than moving forward with an acquisition,” Wingspire Chief Executive Officer David Wisen says in the article.
As an asset-based lender that specializes in revolving lines of senior credit secured by receivables, inventory and other assets, Wingspire is in a solid position for the late stage of the credit cycle, Neuffer wrote. It also doesn’t have the baggage of “vintage transactions” that often require intense attention during an uncertain economy such as the one created by the COVID-19 pandemic, he said.
The Owl Rock sponsorship, deep industry relationships and credibility of its leadership team — which in addition to Wisen includes President and Chief Operating Officer John Rosin and Chief Credit Officer Ken Wendler — put Wingspire on a rapid growth trajectory, Neuffer observed.
“We have the capacity to grow,” Wisen said. “Owl Rock thinks big and they are interested in commercial finance through Wingspire because of our capacity to evolve.”
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ABOUT WINGSPIRE CAPITAL
Wingspire Capital focuses on the upper tier of the senior secured asset-based lending market by providing revolving credit lines and term loans ranging from $20 to $200 million. The Atlanta-based company serves mid-sized public and private businesses across numerous industries including manufacturing, distribution, retail, logistics, automotive, energy, consumer products, hospitality, lender finance and business services. Wingspire’s loans are secured by assets such as accounts receivable, inventory, equipment, real estate and intellectual property. Wingspire is a portfolio company of Owl Rock Capital Corporation (NYSE: ORCC). ORCC is externally managed by Owl Rock Capital Advisors LLC, an SEC-registered investment adviser. Owl Rock Capital Advisors LLC, together with its affiliates, is a New York based direct lending platform with approximately $20 billion of assets under management as of September 30, 2020. For more information about Wingspire, please visit wingspirecapital.com.