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At Clarus Capital’s helm is well-known equipment finance veteran, Steve O’Leary.
With a long and successful track record in the Equipment Finance & Leasing Industry, Steve joined NewStar Financial in June 2010 to establish its equipment finance & leasing business. The goal was to develop a specialty finance platform to provide equipment financing solutions to highly levered middle market businesses with an emphasis on private equity owned companies. The vision was to create a business that differentiated itself from the competition by leveraging the team’s experience to develop underwriting, equipment management and portfolio management guidelines to maximize returns while actively managing equipment and credit risk.
Steve has more than 30 years of experience in origination, syndication, underwriting, workout and general management of portfolios of asset backed leases and loans. His previous experience includes founding and managing Eastern Bank’s equipment finance subsidiary (Eastern Capital). He began his career at Shawmut Bank in 1982 where he held various positions of increasing leadership and executive management responsibility. Prior to the acquisition of Shawmut by Fleet Bank in 1995 Steve served as the senior executive of the equipment finance & leasing division of the bank. He spent the next years at Fleet Capital Leasing and AT&T Capital before founding Eastern Capital.
Building and developing high performing teams has been a hallmark of Steve’s career. The great majority of the Clarus Capital team have worked with him in the past.
When he is not involved in managing the team at Clarus Capital, Steve enjoys fitness and working out in the early morning. Steve and his wife Mary Ann reside on Boston’s North Shore and are the proud parents of 3 grown children (2 sons and a daughter).