NEW YORK, Oct. 12, 2016 /PRNewswire/ -- SQN Investment Advisors, LLC ("SQN"), an independent global asset manager, announced today that it has broken escrow for SQN Asset Income Fund V, L.P., and has made a number of high-level additions to its distribution team, SQN Securities, LLC.
SQN Asset Income Fund V, L.P Breaks Escrow
SQN Asset Income Fund (AIF) V, L.P. ("SQN Fund V"), a publicly registered non-traded equipment finance fund, reached the minimum offering of $1.2 million. The maximum offering of $250 million, consisting of 25 million units at $10.00 per unit, was declared effective on August 11, 2016. 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.
SQN Securities Adds New Members To Distribution Team
In an effort to bolster its Business Development team, SQN has hired Betsy Ward, an industry veteran and former Director of Business Development at GWG Holdings, Inc. In her new role as Vice President-Business Development, Ms. Ward will expand the SQN platform by leveraging her extensive broker-dealer relationships.
Joining Ms. Ward in Business Development is Aaron Stack who was promoted to Assistant Vice President of SQN Securities. Mr. Stack, who has been with SQN Securities since July 2013, brings experience in sales and marketing to the Business Development Team.
"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."
Further expanding its sales team, SQN Securities has also hired Ron Rodriguez, Ace Kuklin and Chris Libutti as Regional Vice Presidents. Mr. Rodriguez formerly of Stadion Money Management brings over 25+ years of experience to SQN Securities and will be covering the Southwest territory. Mr. Kuklin formerly of ATEL Capital Group joins SQN Securities with experience in both equipment finance and interval funds. Mr. Libutti brings more than 15 years of experience in the financial services industry, most recently serving as Regional Sales Director for Stadion Money Management.
"The addition of these new hires represents a significant step forward for SQN as a premier distributor of alternative investment products," said Carmine Cozelino, Senior Vice President at SQN. "This group of seasoned professionals brings a diverse array of experience to the team, leaving us well positioned for expansion of our sales efforts, and growth of our company as well as its offerings."
SQN Securities, LLC (Member: FINRA / SIPC) 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 leading distributor of alternative investments to Registered Investment Advisors, Independent Broker Dealers and Institutions throughout the United States. We partner with best in class portfolio managers and investment advisory firms to create and distribute innovative alternative investments with the goal of helping the end client build a diversified investment portfolio.
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SQN Securities, LLC, member FINRA/SIPC, is the exclusive selling agent for U.S. programs sponsored by SQN Capital Management, LLC.
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SOURCE SQN Investment Advisors, LLC