Eldridge Capital Management has announced the closing of an $869 million equipment asset-backed securitization by Stonebriar Commercial Finance, an Eldridge-managed company. The financing, designated SCFET 2026-1, represents Stonebriar’s 16th equipment asset-backed securitization and expands the firm’s access to capital for financing essential business equipment across multiple industries.
Eldridge Diversified Credit Fund II also participated in the transaction, bringing together two components of Eldridge’s diversified credit platform.
The securitization is backed by leases and loans secured by essential-use assets across the marine, mining, energy, manufacturing, and technology sectors.
These financing arrangements support businesses that require substantial capital investments in specialized equipment and other income-producing assets.
Asset-backed securitizations allow lenders to package financial assets into securities purchased by institutional investors, creating an additional source of funding for their lending activities.
For Stonebriar, the approach has become an established component of its financing strategy.
The latest transaction builds on approximately $11 billion of asset-backed securities placed through the platform since 2016.
Stonebriar’s securitization program supports its ability to originate large equipment financing transactions while managing funding costs and maintaining access to capital markets.
The participation of Eldridge Diversified Credit Fund II represents an additional opportunity to connect the firm’s private credit investment activities with Stonebriar’s established financing infrastructure.
Eldridge believes the arrangement can provide benefits to its diversified credit strategy by leveraging the funding capabilities Stonebriar has developed over the past decade.
The securities issued through SCFET 2026-1 received ratings from Fitch Ratings and KBRA.
Bank of America served as sole structuring agent and lead bookrunner for the transaction.
BNP Paribas, Truist, and Wells Fargo participated as joint lead bookrunners.
The financing highlights continued institutional demand for securities backed by equipment loans and leases involving essential business assets.
Since 2015, the broader Eldridge platform has originated more than $19 billion in large-ticket equipment finance transactions on behalf of Stonebriar and Eldridge’s diversified credit funds.
The platform finances assets supporting activities such as manufacturing, transportation, electricity generation, chemicals, and other capital-intensive operations.
According to Monitor’s 2026 rankings cited by Eldridge, the firm operates North America’s largest private, independent equipment finance platform by both assets and origination volume.
Eldridge manages a broader portfolio of businesses and investments spanning asset management, infrastructure, insurance, defense and security, minerals, and media.
The latest securitization provides Stonebriar with additional funding capacity while demonstrating how Eldridge can coordinate its equipment finance and private credit activities.
As companies continue investing in essential industrial and technology infrastructure, the transaction reinforces Stonebriar’s position as a provider of financing for large, mission-critical assets.
KEY QUOTE:
“Bringing EDCF II into Stonebriar’s financing technology is an innovative step for us. The EDCF program gets the benefit of Stonebriar’s cost-effective funding, built over a decade, and we remain grateful to the funding partners who have supported us in placing almost $11 billion of ABS bonds since 2016.”
Nicholas Sandler, Co-President And Co-Head Of Diversified Credit At Eldridge Capital Management
