Private Equity

Wingspire Equipment Finance has provided over $130 million in equipment financing to six portfolio companies of a major private equity sponsor, including a $40+ million transaction. This partnership highlights the growing trend of private equity firms seeking specialized equipment financing to optimize capital structures. Spanning energy, healthcare, and aerospace, the financing enables these companies to boost capacity and modernize infrastructure. Wingspire’s speed, scale, and alignment with private equity risk profiles are key differentiators, facilitating efficient funding and allowing firms to focus on core competencies.

Morningstar and PitchBook have launched the Morningstar PitchBook US Modern Market 100 Index, blending public and private market performance. The index comprises 90 publicly listed companies and 10 late-stage, venture-backed firms, reflecting the evolving capital markets where companies stay private longer. Utilizing transparent pricing from public exchanges and secondary private market transactions, the index offers investors a unified benchmark to assess both public and private market leaders. It aims to enhance diversification and unlock growth potential by incorporating innovative private companies like SpaceX and OpenAI.

RCP Advisors closed its primary fund-of-funds, RCP Fund XIX, at $314 million. The fund, backed by diverse investors, will maintain RCP’s two-decade-long strategy of investing in buyout fund managers focused on small-cap companies (enterprise value $10-$250 million) with a focus on control-oriented investments. The success of RCP’s established strategy is evidenced by its continued appeal to a broad investor base and approximately $17 billion in committed capital since 2001.