Encina Capital Partners, LLC was launched by Andy Salter, who was previously a partner in the Principal Opportunities Group at Oaktree Capital Management, L.P. Andy’s vision was to build a multi-product specialty finance company focused on addressing the “white space” vacated by regulated banks and non-bank commercial finance platforms.
Encina launched an asset-based lending platform (Encina Business Credit) in early 2016, followed by an equipment finance platform (Encina Equipment Finance) in mid-2017. Encina Business Credit, now Eclipse Business Capital, was sold in July 2021, 5½ years after launch to affiliates of Barings LLC and MassMutual. Encina Equipment Finance, now Post Road Equipment Finance, was sold in December 2021, 4½ years after its launch, to affiliates of Benefit Street Partners LLC, the private credit arm of Franklin Templeton.
Encina’s current focus is aimed at growing its two remaining platforms:
- Encina Private Credit which provides first-out and pari-passu enterprise value loans in the $10 – $50mm range to PE-sponsored & non-sponsored borrowers, and
- Encina Lender Finance which provides credit facilities in the $10 – $50mm range to commercial & consumer specialty finance companies.
Across all our product strategies, we have been fortunate to attract highly experienced management teams with relevant domain expertise and proven track records. We differentiate ourselves from our competition by providing borrowers with speed, certainty, and flexibility. We take great pride in the fact that a wide range of private equity sponsors and intermediaries have chosen to work with us on a repeat basis.
Our team is highly experienced in commercial finance and has a strong background in private equity, principal finance, risk management, restructuring and capital markets.