PrivateCap

The purpose of PrivateCap is to create an investment vehicle fund of high yield small business loans that is not currently well-understood or well-served. Founded by industry executives Bill Phelan and Barry Ripes, PrivateCap is an investment management firm serving the mid-market and small-ticket business credit market. The firm provides the equipment finance industry with a new funding source, creating greater diversity and fueling growth. Today’s capital landscape is shifting from public to private sources. Banks are increasingly challenged by rising capital costs or the need to limit concentrations. Independent finance companies have had to rely on a few sources for capital, such as warehouse facilities or the Asset-Backed Securities markets, which are costly to access. With PrivateCap, we are unlocking a new source of capital to the $1T equipment finance industry.