Home Alts News ATEL Securities Corporation Launches ATEL 17

ATEL Securities Corporation Launches ATEL 17


ATEL 17, LLC, a $150 million public equipment leasing fund, was declared effective by the Securities and Exchange Commission on January 5. The fund closed escrow 20 business days later.

ATEL 17 was formed to invest primarily in a diversified portfolio of equipment leased to major U.S. corporations who are considered “high-quality corporate credits,” including Wal-Mart, Cargill and General Electric.

“We are proud to announce the release of ATEL 17 to the investment public,” comments Dean Cash, chairman and chief executive officer of ATEL Capital Group. “In the face of unpredictable economic conditions, diversification is essential to maintaining a healthy and well-balanced investment portfolio. ATEL 17 will offer our investors the opportunity to enhance the diversification of their investment portfolio while potentially reducing portfolio volatility.”

ATEL 17 is ATEL Capital Group’s 24th syndicated program, including 15 prior public programs.

The fund specializes in leasing primarily low-obsolescence, business-necessary equipment to the nation’s major corporations. It’s objective is to diversify by equipment type, industry, lessee, geographic location, and asset class.

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