April 5, 2013
/PRNewswire/ -- Alternative investment manager SQN Capital Management, LLC (SQN) is pleased to announce that its first public fund concluded its offering period on
March 15, 2013
. During the offering period the fund raised
. All net offering proceeds have been committed to investments in business-essential hard assets, equipment, and energy related infrastructure projects.
Following the closing of the aforementioned fund, SQN launched its second public asset and equipment finance fund on
, 2013. The new fund, which has a maximum offering amount of
, is SQN's fifth alternative investment fund.
SQN further reported that it initiated the first investments for a
separately managed account for a large insurance company.
, CEO of SQN, said, "The programs that we are announcing today are the culmination of years of careful study, relationship building, and a deliberate plan to incrementally grow the business. We are particularly excited about the launch of our second public equipment leasing fund, as we believe that it brings a new level of investor alignment to an appreciative investor base. We are also excited about the model that we have developed to help insurance companies match long term liabilities with income streams generated by hard asset and equipment lease investments. We believe that this is a model that will be highly sought after and SQN is prepared to expand its presence within this sector of the institutional marketplace."
New York City
and specializing in alternative investments, SQN is an independent asset manager and registered investment advisor. SQN's investment strategy is focused on business-essential, revenue-producing or cost-saving assets, with an expertise in various industries, including: agricultural, energy, environmental, medical, manufacturing, technology, and transportation industries.
Phone: (212) 422-2166