The capital markets division of TCFEF will focus on portfolio and company acquisition activities as well as individual transactions on both the buy and sell side.

Mr Chenitz was previously senior vice president of business development at GE Fleet Services and worked in the capital markets and business development areas of GE Capital. He joined GE in 1996 and has experience in both financial services and accounting, including having held prior positions at both KPMG and Arthur Andersen.

William Henak, chief operating officer of TCFEF, said: “Through the expansion of our capital markets activities, we will be increasing our ability to acquire assets at a time when our industry is looking for new sources of liquidity. TCFEF is well positioned to capitalize on our strengths as a consistent and stable partner for our vendors, sources and customers.”