Eldridge Announces Closing of $869 Million Equipment Asset-Backed Securitization for Stonebriar

NEW YORK--(BUSINESS WIRE)--Eldridge Capital Management (“Eldridge”) today announced the close of SCFET 2026-1, a $869 million asset-backed securitization by Stonebriar Commercial Finance (“Stonebriar”), an Eldridge-managed company. SCFET 2026-1 is Stonebriar’s 16^th equipment asset-backed securitization. In addition to Stonebriar, the Eldridge Diversified Credit Fund II (“EDCF II”) participated in the financing.

SCFET 2026-1 is secured by leases and loans on essential-use assets across the marine, mining, energy, manufacturing, and technology industries. The transaction was rated by Fitch Ratings and KBRA.

“Bringing EDCF II into Stonebriar’s financing technology is an innovative step for us,” said Nicholas Sandler, Co-President and Co-Head of Diversified Credit at Eldridge Capital Management. “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.”

Bank of America served as Sole Structuring Agent and Lead Bookrunner. BNP Paribas, Truist, and Wells Fargo served as Joint Lead Bookrunners on the financing.

Since 2015, the Eldridge platform has originated over $19 billion of large ticket equipment finance transactions on behalf of Stonebriar and Eldridge’s Diversified Credit funds. The platform provides loans and leases secured by mission-critical, income-producing assets, from manufacturing and transportation assets to power and chemicals. Eldridge operates the largest private, independent equipment finance platform in North America by both assets and origination volume as of 2026, as ranked by Monitor.

About Eldridge

Eldridge manages a diversified set of businesses and investments across Asset Management, Culture & Media, Defense & Security, Infrastructure, Insurance, and Minerals. To learn more, please visit eldridge.com.