ATEL Securities Launches Public Growth Capital Fund - Monitordaily

ATEL Securities said the SEC declared ATEL Growth Capital Fund 8 effective on August 20, 2012. This first of its kind public fund was formed to provide debt financing to emerging growth and pre-IPO companies. The objective of the Fund is to protect the investor?s downside while offering potential for capital appreciation through warrant participation and private equity.

ATEL Growth Capital Fund 8 will be ATEL?s eighth fund focusing on the venture capital marketplace. ATEL?s prior Growth Capital Funds have provided approximately $300 million in debt financing.

?We are very enthusiastic about the new opportunities that lie ahead for us and our investors,? said Dean Cash, president and CEO of ATEL Capital Group. ?The new funds will support talented entrepreneurs who are creating the market-leading companies of the future and will further accelerate ATEL?s rapid growth.?

ATEL Securities is a subsidiary of ATEL Capital Group, an international financial services company that offers its clients financial solutions including equipment leasing, asset-based lending, venture finance, lease administration and asset management.

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Source: http://www.monitordaily.com/atel-securities-launches-public-growth-capital-fund/

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