The Capital Markets group works closely with Sales, Credit, Operations, legal and the rest of the TCF Equipment Finance (TCFEF) team to achieve strategic areas of portfolio growth; to manage customer exposure; and to acquire select assets within existing market segments.
Capital Markets Activities:
Syndication Sell:
The Capital Markets group syndicates transactions with current customers having reached or nearing maximum exposure limits with TCFEF. Key attributes are as follows:
- Transaction size > $150M
- Favorable pay history with TCFEF
- Full sale of Lease Purchase, True Lease, TRAC Lease & Loans.
- New and existing transactions
Acquisitions:
The Capital Markets group is seeks opportunities for companies and portfolio purchases ranging from a variety of sizes and markets. Key attributes are as follows:
- $15MM+ portfolio size
- Diversification among credits
- Alignment with core TCFEF business segments
- Fast transaction cycle - Ability to close in 30-45 days
Syndication Buy:
The Capital Markets group purchases transactions from Banks and Leasing Companies selling transactions primarily due to their current exposure with certain customers being capped. Key attributes are as follows:
- Transaction size $500M to $2MM
- Market segments that are similar or related to TCFEF's segments
- Seller holding ~2-3X amount syndicated
- Favorable pay history with seller - Full term leases and loans - Limited residual risk
