North Mill Equipment Finance and Oaktree Capital Management completed the formation of a joint venture.

North Mill Equipment Finance, a commercial equipment lessor, and Oaktree Capital Management, an investment firm emphasizing a value-oriented and risk-controlled approach to deliver superior returns, completed the formation of a joint venture, with a combined capital commitment of $350m to fund FMV equipment lease originations through the joint venture. “This marks a major step forward in our efforts to deliver flexible, value-driven leasing solutions to the market. We’re excited to work with a partner like Oaktree, who shares our long-term vision and brings a deep understanding of asset-backed investing,” David Lee, North Mill Equipment Finance Chairman and CEO.