New firm PrivateCap looks to back equipment finance industry #IndustryFinance

Newly launched Chicago-based firm PrivateCap is connecting institutional investors with originators in the small and mid-market equipment finance sector, aiming to channel new capital into leases and business loans. Founded by former PayNet executives, Bill Phelan and Barry Ripes, PrivateCap as an investment management firm that aims to unlock a consistent source of long-term funding. […]