SQN Asset Income Fund V Invests $1.4 Million

SQN Asset Income Fund V, L.P., a publicly registered non-traded equipment finance fund, has made three initial investments in assets totaling $1.4 million.

SQN AIF Fund V focuses on investing 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. The $250 million offering consists of 25 million units priced at $10.00 each and recently broke escrow, as reported by The DI Wire last month.

Between October 6-21, the partnership funded the following:

A finance lease facility of $680,020 for Apple computers to a private preparatory school in New York City. The finance lease requires 39 monthly payments of $17,402 and is secured by ownership of the equipment.

A lease facility of $318,882 for 16 pizza ovens to five separate lessees that currently own and operate 205 Pizza Hut and Kentucky Fried Chicken restaurants in the Northeast and Mid-Atlantic regions of the US. Each lease has a 36-month term with various monthly payments and is secured by ownership of the equipment.

A finance lease of $357,020 for an assortment of school furniture and kitchen equipment to a charter school in Hudson, New Jersey. The finance lease requires 36 monthly payments of $11,647 with the first and last payments due in advance. The lease is secured by a first position lien against the equipment.

SQN provides financing for capital assets which are business essential to middle market companies worldwide. SQN supports an array of equipment intensive projects across a wide variety of industries. SQN Investment Advisors, LLC, is an affiliate of SQN Capital Management, LLC, an SEC registered investment advisor and manager of the SQN Asset Finance Fund Ltd., the only publicly traded diversified equipment leasing fund listed on the Main Market of the London Stock Exchange.

Since 2007, SQN has been a market participant in support of both middle market corporate entities seeking asset backed financing for business critical equipment, and investors seeking a non-correlated, global investment opportunity.

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