Wingspire boosts IT firm’s growth with $30M lease

TUSTIN, Calif. - Wingspire Equipment Finance has provided a $30 million capital lease to a key IT managed service provider (MSP), marking the latest step in a seven-year financial partnership that has now channeled over $100 million to the MSP. This funding aims to support the MSP’s continued efforts in optimizing IT infrastructure and propelling digital transformation for its global clients.According to InvestingPro data, Wingspire’s parent company Blue Owl Capital (NYSE: OWL) demonstrates robust financial health with a current ratio of 1.79, indicating strong ability to meet short-term obligations.

The MSP, which serves a diverse range of sectors including finance, healthcare, government, and retail, has relied on Wingspire Equipment Finance for consistent funding to achieve its strategic goals. The recent capital injection was arranged swiftly within a two-week period, allowing the MSP to make crucial software investments for the first quarter of 2025.

Jason Alves, Senior VP of Private Equity at Wingspire Equipment Finance, highlighted the strength of the long-term relationship with the MSP, emphasizing the company’s commitment to providing financial solutions that align with the dynamic needs of the IT industry.

Wingspire Equipment Finance specializes in offering capital solutions to companies undergoing digital transformation, enabling investments in software and IT infrastructure upgrades. As part of Wingspire Capital and backed by Blue Owl Capital (NYSE: OWL), Wingspire Equipment Finance leverages its expertise in technology sector financing to support middle market companies’ growth and technological advancements.

This financial move underscores Wingspire’s dedication to fostering its clients’ development through strategic capital solutions. The information for this report is based on a press release statement.For comprehensive analysis of Blue Owl Capital and similar financial stocks, InvestingPro subscribers can access detailed financial metrics, Fair Value assessments, and expert insights. The platform offers exclusive access to over 10 additional ProTips and advanced financial indicators for informed investment decisions.

In other recent news, Blue Owl Capital reported a mixed set of earnings results. The company achieved a record quarter of capital raising with $9.5 billion in equity commitments and $4.3 billion in the credit segment, but fell short of expectations with Fee-paying Assets Under Management (FPAUM) at $160 billion, missing the consensus projection of $163 billion. Barclays (LON:BARC) initiated coverage on Blue Owl Capital with an Overweight rating and a $29 price target, citing a positive outlook on the company’s prospects and resilience in its business model. JMP Securities maintained a Market Outperform rating with a $32 target, emphasizing the company’s potential for growth and the stability provided by its permanent capital structure.

TD Cowen raised its price target for Blue Owl Capital to $30, highlighting the company’s strong performance in Digital Infrastructure and Global Wealth Management. They also noted the firm’s potential for growth in large, untapped markets. JPMorgan, however, reiterated a Neutral rating with a $23 target, acknowledging the company’s shortfall in distributable earnings per share and challenges in FPAUM growth. In a separate development, Blue Owl Capital announced the resignation of Sean Ward, Senior Managing Director and Board member, stating that his departure is unrelated to the company’s operations or financial controls. This executive change has been formally documented in a regulatory filing with the U.S. Securities and Exchange Commission.

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