Niche boutique firm Diversity Capital closed more than $200 million worth of privately placed true and quasi non-rated securitizations last year, illustrating a robust demand for this product on both sides of market.

As previously reported in ASR (see issue 6/11/01), Diversity's equipment leasing and commercial lending issuers are often players in the term and conduit ABS market on a periodic basis. However, these issuers frequently dip into the "spot" market, as David D'Antonio, managing director and founder of Diversity, calls it.

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