PORTLAND, Ore., Oct. 12, 2018 /PRNewswire/ -- Dext Capital announced today that it is launching as a new independent equipment leasing company focused on the healthcare industry. Dext Capital plans to begin offering equipment financing in the beginning of 2019.
Dext Capital is led by industry veteran Kyin Lok, who will serve as President and Chief Executive Officer. Mr. Lok has over two decades of equipment leasing experience with U.S. Bank and GE and most recently led a number of leasing verticals for TCF Bank. The Dext team collectively has over 150 years of experience in the equipment leasing industry.
Dext Capital is backed by Sightway Capital, LP, a Two Sigma company focused on private equity investments. Sightway Capital employs a principal mindset and flexible capital approach to building successful business platforms with experienced operating partners. Sightway Capital will work closely with Kyin and the Dext leadership team to support the company's growth and capability development over time.
"Sightway Capital has had the good fortune to work with a number of talented leaders to develop business platforms in the financial services industry with a long-term growth focus," said Wray Thorn, Chief Investment Officer of Sightway Capital. "We have been proactively developing opportunities in the healthcare finance sector for some time with this objective in mind."
"We believe an exciting opportunity exists to create a new technology-enabled leasing company focused on the healthcare industry," added Jeff Nemanick, Investment Partner at Sightway Capital. "We're looking forward to partnering with Kyin Lok and the leadership team to launch Dext Capital to capitalize on this opportunity."
"I'm delighted to partner with Sightway to launch Dext Capital, a highly flexible equipment leasing platform for healthcare providers," Mr. Lok said. "Industry dynamics today are often characterized by small independent lessors which lack access to efficient capital and banks which are burdened by complexity with overly tight credit parameters. We believe that Dext Capital can address this growing market and provide a solution for our customers as an independent and well-capitalized alternative with a deep understanding of the industry and an advanced technology orientation."
Accompanying Mr. Lok on the Dext leadership team are four experienced leasing professionals.
Eric Gross as Chief Operating Officer, who was formerly General Manager for Bank of the West's servicing business starting from a de novo operation.
Scott Eshleman as Chief Risk Officer, who oversaw the profitable growth of multiple business lines to over $250 million in originations for Umpqua Bank.
Lou Altobelli as National Sales Manager, who most recently, led successfully Siemen Financial Services' team of 10 territory managers across the nation.
Jeff Rathjen as Vendor and Business Development Manager, who was National Program Manager for TCF's healthcare division.
About Dext Capital
Dext Capital is a newly founded independent equipment finance company with strong financial sponsorship from Sightway Capital, a Two Sigma company, and an accomplished team of industry veterans with over 150 years of combined leasing experience. The executives for Dext have brought together talent and knowledge to create an equipment finance company the "right way" - enabled by innovative technology and effective use of data, unburdened by current barriers to customer excellence, and focused on successful growth due to employing the best people and embracing a respectful culture.
For more information, please visit www.dextcapital.com.
About Sightway Capital, a Two Sigma company
Sightway Capital is a Two Sigma company focused on middle market growth equity investing in financial services and real assets. The company employs a principal mindset and flexible capital approach to building successful business platforms with experienced operators and strategic partners. The team at Sightway Capital thinks long-term, targeting business opportunities that we believe afford both asymmetric risk rewards and enterprise value creation over time. They look for opportunities in and around several asset-intensive industries where our team has significant experience and a network of long-standing relationships.
For more information, please visit www.sightwaycapital.com.
SOURCE Dext Capital