Lease Equity Appreciation Fund II, under the aegis of LEAF Asset Management, has filed with the Securities and Exchange Commission to raise up to $60 million via the sale of limited partnership interests.

The fund plans to use the proceeds to buy equipment for the purpose of leasing, as well as to acquire existing equipment portfolios subject to leases from other lessors. Lease Equity plans to focus on essential equipment for general office use, medical equipment, energy and climate control systems, and industrial equipment.

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