News
Summit Launches It's First Public Fund
Date:
30/05/2011
- Category:
Project leasing
Summit, in partnership with it's long standing business partner SQN Capital, has launched it's first SEC regulated public fund.
SQN Public Fund to be Launched Imminently
Date:
23/03/2011
- Category:
Project leasing
The SEC had granted regulatory approval for SQN and Summit to launch a public fund, which will be open to investors in the near future.
Summit continues to expanded its US business.
Date:
19/10/2010
- Category:
Project leasing
Summit has identified an opportunity to expand into a new market, funding a series of operating leases in the United States.
Nordic Coverage added by Summit
Date:
14/05/2010
- Category:
Project leasing
Summit Asset Management has addeded to it's portfolio the ability to support transactions in parts of Scandanavia.
Second Investment Fund Launched
Date:
24/04/2009
- Category:
Project leasing
Summit has launched it's second 2009 investment fund to provide additional debt and equity investment capacity for the UK and North American markets.
Second Investment Fund Launched
24/04/2009
Summit has successfuly launched the second of its SQN Alternative Investment funds, completing the first closing of a transaction during the week that Fund II was launched. Summit launched the first of its SQN Alternative Investment funds ("Fund I") in 2008, prior to the onset of the recession. Fund I has been successfully used to raise and provide alternative funding lines for a combination of new and established businesses since the markets tightened in the Summer of 2008.
The launch of the second of these asset backed funds will provide on-going facilities that will enable Summit to further increase its credit capacity at a time when many businesses continue to experience difficulty obtaining access to capital either for equipment leases or for residual/equity investments.
To date, the revenues raised from historic and the new investment funds have been used to provide facilities for exisiting clients, allowing them to continue to aquire those assets critical to their businesses and also to support demand from new customers looking for credit capacity within Summit's core medical, technology and environmental asset utilising sectors in the United Kingdom, Europe and in North America.
Given demand so far, Summit plans to launch a further investment fund in 2010, with enhanced lending capacity.