Nicholas Sandler named CEO of Stonebriar Commercial Finance

Stonebriar Commercial Finance has made Nicholas Sandler its new CEO.

Nicholas Sandler has become CEO of Stonebriar Commercial Finance. Sandler was one of the co-founders of Stonebriar and has been president since June 2021.

He replaces Dave Fate who will remain senior adviser and vice chairman until the end of 2025. Fate has led the company since it was launched nine years ago. Stonebriar now manages more than $7.3bn.

“I’ve had the privilege of working closely with Nick for two decades and I couldn’t be more confident in his leadership,” said Todd Boehly, chairman and CEO of Eldridge Industries, Stonebriar’s controlling shareholder. “Nick has deep industry expertise making significant contributions to Stonebriar’s success to date and has earned the trust of our team, our clients, and our partners. I am excited to see how his determination and leadership will drive Stonebriar in the years ahead.”

Before Stonebriar, Sandler was an MD at Guggenheim Partners where he served in various capacities including managing its aviation portfolio (which Stonebriar acquired). As well as Stonebriar he also sits on the boards of Flexjet and Simcom Aviation Training. Since 2012, he has served as president of the Los Angeles Dodgers Foundation, the official team charity of Major League Baseball’s Los Angeles Dodgers.

“Leading Stonebriar over the past nine years has been an incredible journey, and I’m immensely proud of what we’ve built,” said Fate. “I am confident that Nick, as someone who has been deeply involved in the company from its inception, is the right person to guide Stonebriar into its next chapter. I look forward to seeing all that he and the team will accomplish.”

Stonebriar Commercial Finance is a key business jet financier – both in the US and internationally. It is also one of the few regular issuers of business jet securitisation along with Global Jet Capital.