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SQN Asset Income Fund V Breaks Escrow, New Members Join SQN Distribution Team

SQN Asset Income Fund V, L.P., a publicly registered non-traded equipment finance fund, raised $1.2 million from retail and institutional investors and broke escrow. The $250 million offering consists of 25 million units priced at $10.00 each.

SQN AIF Fund V expects to invest in assets and equipment that are considered business essential or core to a business or operation in industries spanning manufacturing, technology, agricultural, energy, environmental, medical and transportation.

In other company news, SQN Securities, the distributor of SQN-sponsored offerings, hired Betsy Ward, a former director of business development at GWG Holdings to serve as its vice president-business development. Ward is tasked with expanding the SQN platform through the broker-dealer community. The company also promoted Aaron Stack to assistant vice president.

“We are delighted to expand the business development team at SQN with the hiring of Betsy, an established industry veteran, and promotion of Aaron who most recently covered the Southeast territory as a member of our sales team,” said Lee Iredell, senior vice president at SQN. “We could not be more excited about the growth of this division as we continue to expand SQN’s selling group and product lineup.”

SQN Securities also hired Ron Rodriguez, Ace Kuklin and Chris Libutti as regional vice presidents. Rodriguez and Libutti both joined from Stadion Money Management, and Kuklin was formerly with ATEL Capital Group.

SQN Securities is the exclusive selling agent for public offerings sponsored by SQN Investment Advisors, LLC, private funds sponsored by SQN Venture Partners, LLC, and the Wildermuth Endowment Strategy Fund – a public asset allocation interval fund managed by Wildermuth Advisory, LLC. SQN is a distributor of alternative investments to registered investment advisors, independent broker dealers and institutions throughout the United States.

For more SQN related news, visit their directory page here.