DATE: APRIL 8, 2026 – FOR IMMEDIATE RELEASE
CONTACT: Blair Dawson, CMO
PHONE: (203) 354-1710
EMAIL: bdawson@nmef.com
OAKTREE CLOSES SUCCESSFUL $355.8 MM ASSET-BACKED SECURITIZATION IN PARTNERSHIP WITH NMEF
APRIL 8, 2026 [NORWALK, CT] – North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender, today announced the successful closing of OAKEF 2026-1, a $355.8 million asset-backed securitization sponsored by funds managed by Oaktree Capital Management, L.P. (“Oaktree”) and serviced by NMEF. The equipment finance assets collateralizing the securitization were acquired from Midland Equipment Finance in a transaction completed in November 2025 by NMEF and Oaktree. The AAA through single A rated offering was met with strong investor demand, achieving peak subscription levels of approximately 6.3x and enabling efficient execution across the capital stack, with a weighted average spread of 99 basis points and a weighted average yield of 4.7%.
Truist Securities served as lead structuring agent, with Deutsche Bank acting as co-manager on the transaction.
Brendan Beer, Portfolio Manager for Oaktree’s Asset-Backed Finance and Structured Credit platform, said, “This securitization highlights the strength of the underlying assets and the effectiveness of our partnership with North Mill. We are pleased with the strong market reception, reflecting investor confidence in Oaktree’s approach to the equipment sector. We appreciate North Mill’s collaboration and look forward to continuing our partnership in pursuing differentiated asset-backed investment opportunities for our clients.”
“NMEF was pleased to assist our partner Oaktree in achieving their financing objectives,” said David Lee, Chairman & CEO at NMEF. “This execution underscores the quality of the assets and the strength of our servicing platform.”
NMEF will continue to act as primary servicer for the assets included in the transaction, providing ongoing portfolio management and operational support.
About NMEF
NMEF is a premier lender working with third-party referral sources to finance small to mid-ticket equipment commercial leases and loans ranging from $15,000 to $3,000,000 and up to $5,000,000 for investment grade opportunities. NMEF accepts A – C credit qualities and finances transactions for many asset categories, including medical, construction, franchise, technology, vocational, manufacturing, and material handling equipment. NMEF is majority owned by an affiliate of InterVest Capital Partners and is headquartered in Norwalk, CT, with regional offices in Irvine, CA, Fort Collins, CO, Plymouth, MN, Voorhees NJ, and Murray, UT. One of NMEF’s controlled affiliates, BriteCap Financial LLC, is a leading non-bank lender providing small businesses with fast, convenient financing alternatives such as working capital loans since 2003 from its main office in Las Vegas, NV. For more information, visit www.nmef.com and www.britecap.com.
About Oaktree
Oaktree is a leader among global investment managers specializing in alternative investments, with $223 billion in assets under management as of December 31, 2025. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,500 employees and offices in 26 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.