ATEL Securities Corporation Launches First Publically Registered Growth Capital Fund
On August 20, 2012, ATEL Growth Capital Fund 8, LLC was declared effective by the U.S. Securities and Exchange Commission. This first of its kind public fund was formed to provide debt financing to emerging growth and pre-IPO companies. The objective of the Fund is to protect the investor’s downside while offering potential for capital appreciation through warrant participation and private equity.
ATEL Growth Capital Fund 8 will be ATEL’s eighth fund focusing on the venture capital marketplace. ATEL’s prior Growth Capital Funds have provided approximately $300 million in debt financing.
“We are very enthusiastic about the new opportunities that lie ahead for us and our investors,” said Dean Cash, President and CEO of ATEL Capital Group. “The new funds will support talented entrepreneurs who are creating the market-leading companies of the future and will further accelerate ATEL’s rapid growth.”
About ATEL Capital Group
ATEL Securities Corporation is a subsidiary of ATEL Capital Group, an international financial services company that offers its clients a wide array of financial solutions including equipment leasing, asset-based lending, venture finance, lease administration and asset management. Since its inception, ATEL has sponsored fourteen public SEC-registered equipment leasing programs as well as seven private growth capital investment programs. These Funds have attracted over 46,000 investors since ATEL’s first public program was created in 1986. Additional information about ATEL Capital Group can be found on the Company’s web site at www.atel.com.
For further information contact Eric Retzlaff, Executive Vice President/National Sales Manager, ATEL Securities Corporation at (415) 616-3458; Jim Ryan, Executive Vice President, ATEL Securities Corporation at (415) 616-3415 or Steve Rea, Executive Vice President, ATEL Ventures at (415) 616-3436