Andy Salter
About Andy Salter
Chairman & Chief Executive Officer
Andy Salter currently serves as the Chairman and Chief Executive Officer (CEO). In this capacity, he leads strategic decision-making and oversees the company’s overall operations. His role involves guiding the senior management team and ensuring that corporate strategies align with the organization's mission and objectives.
Executive Career at Oaktree Capital Management
Before his current role, Andy Salter was a partner in the Principal Opportunities Group at Oaktree Capital Management, L.P. His responsibilities included identifying and managing investment opportunities, with a focus on maximizing returns for stakeholders. His tenure at Oaktree Capital provided him with extensive experience in strategic investment and financial management.
Launch of Encina Business Credit
Andy Salter launched Encina Business Credit in early 2016. Under his leadership, the company provided a range of credit services designed to meet the financing needs of middle-market businesses. This initiative marked the beginning of Salter’s significant contributions to the commercial lending industry.
Founding of Encina Equipment Finance
In mid-2017, Andy Salter founded Encina Equipment Finance. The company focused on offering equipment financing solutions, addressing the specific needs of businesses seeking to acquire essential assets for operation. His efforts expanded the portfolio of services available under the Encina brand.
Sale to Affiliates of Barings LLC and MassMutual
In July 2021, Andy Salter oversaw the sale of Encina Business Credit to affiliates of Barings LLC and MassMutual. This transaction was part of a strategic move to align the company with larger financial institutions, thereby enhancing its capabilities and market reach.
Sale to Affiliates of Benefit Street Partners LLC
In December 2021, Andy Salter also facilitated the sale of Encina Equipment Finance to affiliates of Benefit Street Partners LLC, the private credit arm of Franklin Templeton. This sale further exemplified his strategic acumen in positioning his ventures within broader financial ecosystems.