Elevex Capital Partners with TPG for $1 Billion Equipment Financing Initiative

Elevex Capital Secures Major Funding Partnership with TPG

In a landmark move for the commercial equipment financing sector, Elevex Capital, LLC has successfully completed a forward flow agreement with respected global asset management firm TPG. This strategic alliance grants Elevex access to a whopping $1 billion in capital, empowering the company to undertake and fund larger transactions while enhancing its position in the competitive financing landscape.

Jeffry D. Elliott, CEO of Elevex, expressed his enthusiasm about the partnership, stating, "Our agreement with TPG positions Elevex as a long-term capital partner to entrepreneurs and operators, enabling us to support more businesses through their next stage of growth." As financial markets evolve and many banks withdraw from equipment leasing, Elevex steps in with the aim to occupy a significant part of this opportunity, effectively competing with larger lenders in the equipment finance market.

The figures indicate a growing need for financial solutions as more businesses seek funding to acquire vital equipment. The forward flow agreement not only simplifies the transaction structure for Elevex but also ensures a steady stream of financing capability, leveraging their tech-driven origination process for greater capital efficiency. This allows the company to originate mid- and large-ticket equipment financing deals, ensuring operational fluidity and improved liquidity in a market that is rapidly changing.

Aaron Ong, Partner at TPG, elaborated on the partnership's benefits, noting, "We are proud to partner with Elevex to provide equipment financing that enables businesses nationwide to acquire mission-critical assets and drive growth." This collaboration signals TPG's commitment to sourcing high-quality financing solutions amid the backdrop of declining bank participation. TPG's substantial assets under management and diverse investment strategies further bolster the significance of this agreement.

Underpinning Elevex’s operational framework is a focus on agility and flexibility, crucial traits that allow the company to respond swiftly to market needs. Backed by Sallyport, a private equity firm from Houston that emphasizes support for high-growth companies, Elevex is strategically positioned to offer innovative equipment financing solutions across various industries. Ryan Howard, Co-Founder and Managing Partner of Sallyport, remarked on the potential of this venture, stating, "This exciting new partnership shows that Elevex is market-validated and will serve as one of very few true small-to-large ticket independent finance platforms."

The partnership's execution was facilitated by BayCrest Partners, who played an instrumental role in structuring and finalizing the agreement with TPG. Their expertise in capital solutions combined with an intricate understanding of the financing landscape positioned them uniquely to bridge Elevex with TPG, ensuring both operational success and long-term growth.

Elevex Capital launched in 2025, with its headquarters situated in Westlake, Ohio. This independent commercial equipment lender prides itself on providing fast and flexible financial solutions to businesses striving to acquire essential equipment. The company's streamlined processes are designed to eliminate traditional hurdles associated with financing, positioning it as a go-to resource for businesses seeking rapid access to capital. Visit Elevex Capital for more information.

TPG, founded in 1992 in San Francisco, manages $286 billion in assets, actively investing across a wide array of sectors including private equity and real estate. Their dedication to innovative capital solutions and collaborative strategies underscores their effectiveness as a partner in this venture.

Through this newly formed alliance, Elevex Capital stands at the forefront of the equipment finance market, equipped not only with substantial funding but also a partnership that aligns with their growth objectives. This agreement promises to foster enhanced financing capabilities and sustained support for businesses aiming to expand in the ever-evolving commercialization landscape.