Company Performance Metrics
- Al Christy Jr.: Founder and Chief Executive Officer
Founded in 2002 by entrepreneur Alexander Christy Jr., EquitiesFirst is a trusted and specialised provider of long-term equities-backed financing.
The firm's origins can be traced back to 1997, when Christy facilitated a financing arrangement for a family-owned apple farm in Michigan. Despite having limited tangible assets, the family
possessed a portfolio of publicly traded stocks. Christy recognized an opportunity to leverage these equity holdings to secure the necessary capital, enabling the business to sustain its operations. This experience was the inspiration for EquitiesFirst's establishment.
Under its “Progressive Capital” offering, EquitiesFirst acquires temporary custody of clients' publicly traded equity assets in exchange for providing capital at lower interest rates. The clients, however, retain legal ownership of the shares and regain full control upon repayment of the financing. This structure allows EquitiesFirst's partners to access liquidity for their short-term financial needs while maintaining long-term exposure to the potential upside appreciation of their equity investments.
The firm employs a rigorous due diligence process and adheres to stringent regulatory compliance measures across all jurisdictions in which it operates. Its financing agreements typically carry interest rates ranging from 3% to 4%, with loan-to-value ratios between 60% and 70% of the pledged equity holdings' value.
Since its inception, EquitiesFirst has issued over $4.5 billion in loans and has established a global presence with 13 offices spanning eight countries, including the United States, United Kingdom, the United Arab Emirates, China (Hong Kong, Shanghai, Beijing), South Korea, Thailand, Singapore, and Australia (Brisbane, Sydney, Perth, Melbourne).
The company has enabled wealth creation and protection for hundreds of founders, entrepreneurs and significant shareholders of listed companies, providing valuable access to liquidity.
EquitiesFirst prides itself on its robust risk management practices, comprehensive onboarding procedures, and commitment to aligning interests with its partners to create value for all stakeholders.