The transaction paves the way for Nexseer to continue its growth plans as a well-capitalized independent equipment finance platform
COSTA MESA, CA, June 07, 2022 /24-7PressRelease/ — Nexseer Capital announces that the management team of W. Scott McCullum (President), Jonathan Albin (Chief Operating Officer) and Robert Davis (Executive Vice President) have acquired majority ownership of the company. The senior management team purchased the majority of common stock from funds managed by Atalaya Capital Management LP.
The transaction paves the way for Nexseer to continue its growth plans as a well-capitalized independent equipment finance platform while moving to the next stage of the company’s expansion after realizing on a partnership with an excellent institutional partner.
“We’ve built an exceptional team that has thrived for over twenty years with an entrepreneurial spirit and commitment to our clients and partners. We will continue on this path as we develop our next generation of leaders. All of us at Nexseer are extremely grateful for all of the support we’ve received from Atalaya over the years and appreciate the mutually beneficial strategic partnership,” said W. Scott McCullum.
About Nexseer Capital
Nexseer Capital solves critical and complex equipment and project financing challenges for America’s middle market and large corporates. We leverage our decades of experience in structuring, project management, and expertise across a range of asset classes and economic cycles to solve problems and deliver execution success. In other words, we help you move from complexity to clarity. Nexseer is majority owned by its senior management along with a minority investment by Atalaya Capital Management LP.
About Atalaya Capital Management
Atalaya is a privately held, SEC-registered alternative investment advisory firm primarily focused on making asset-based private credit and special opportunities investments across three principal asset classes – specialty finance, real estate, and corporate. Founded in 2006, Atalaya is headquartered in New York City and has more than $8 billion in assets under management.
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