Wafra and Chesswood Group to form a joint venture in a $20m deal.

Wafra, an investment company, and Chesswood Group, a specialty finance company, agreed to form a joint venture in a $20m deal. "We are pleased to partner with the management of Chesswood, Pawnee and Tandem and look forward to growing the Joint Venture meaningfully. As long-term oriented investors, we seek to form durable partnerships with experienced industry leaders like Chesswood. We recognize the attractive fundamentals of equipment finance, adding it to Wafra's portfolio of high-quality real-asset-backed investments," Edward Tsai, Wafra Managing Director.