Atalaya Capital Management named Jeff Fields as president of Atalaya Leasing, the $10 billion firm’s equipment-backed investment strategy.
Fields was CEO of Chesswood Capital Management, a subsidiary of a publicly traded specialty finance company focused on equipment leasing. Prior to that he spent 22 years at RBC Capital Markets, where he led multiple business units across asset classes.
In this newly created role, he will be working with Atalaya’s Managing Director and Head of Leasing Rana Mitra with an aim of expanding market reach as both a direct lender to commercial end users and as a financing partner for established originators.
Fields isn’t the only recent seasoned hire on the team. In March 2023, David Coons joined to head up sales at Atalaya Leasing in Dallas.
“Since its inception in 2009, Atalaya Leasing has provided financing solutions to a wide spectrum of borrowers within the trillion-dollar equipment finance market,” said Mitra in a statement. “Having Jeff’s wealth of experience and forward-thinking mindset will enhance our ability in seeking to continue making our platform a leading equipment leasing capital provider and trusted partner in the space.”
Atalaya said it has been originating and purchasing leases of mission-critical equipment to middle market and large corporate lessees across industries. The equipment leasing strategy is part of the firm’s larger ecosystem that aims to provide steady, non-correlated, and risk-adjusted returns based on asset-backed collateral.
“We believe there is an opportunity to capitalize on the increasing demand for equipment financing from sponsor and non-sponsor companies in conjunction with growing investor appetite for asset-backed private credit opportunities,” said Fields in a statement. “In our view, Atalaya is well-positioned to accelerate the growth of its leasing platform through the expansion of our direct origination client footprint, as well as working with bank and non-bank origination partners to structure efficient capital solutions.”