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Echo Finance
ECHO Finance is a private debt lender and fund manager. | ECHO Finance LLC is a private debt and venture debt originator and underwriter with a focus on...
Echo Finance
ECHO Finance is a private debt lender and fund manager. | ECHO Finance LLC is a private debt and venture debt originator and underwriter with a focus on idiosyncratic opportunities that are too small or too short-term to get attention from large lenders. The flagship fund finances parts in the aerospace maintenance supply chain and there are three quasi-venture (debt-plus-equity) vehicles with a focus on medical diagnostics, healthcare technology, and online insurance agency.
General information
Firm type
Asset Manager
Year founded
2018
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Philadelphia
Corporate office
1845 Walnut Street, Suite 1601, Philadelphia, PA 19103, United States
Principals
David Eklund
Founder
Eric Hirschberg
Co-Founder
Patrick Miller
Senior management
Annetta Cortez
Senior management
John Shook
Senior management
Sector focus
Frequently asked questions
What does Off-Wing Partners actually lend against?
Off-Wing Partners lends against inventory of liquid, high-quality aircraft engine parts. The parts are sold by a Fortune 100 original equipment manufacturer (rated A–) as part of its MRO contracts. Each loan is secured by the inventory, which Echo can liquidate if necessary—giving the fund a collateral position rooted in the secondary market for aviation parts.
Who runs investment decisions at Echo Finance?
David Eklund and Eric Hirschberg lead the firm's investment decisions, supported by a senior team that includes Patrick Miller (structuring), Annetta Cortez (risk), and John Shook (operations). Eklund’s 25-plus years in reinsurance underwriting at RenaissanceRe and Berkshire Hathaway inform the firm’s collateral-first credit discipline.
Is Echo Finance a family office, a fund manager, or something else?
Echo Finance is structured as a private debt fund manager—it manages Off-Wing Partners LP and ECHO Ventures. It is not a family office. The firm pools third-party investor capital into a focused credit strategy rather than managing a single family’s balance sheet.
Does Echo Finance participate in fund commitments or only direct loans?
Echo originates and structures its own direct loans to borrowers in the aviation supply chain. There is no indication it operates as a fund-of-funds or makes LP commitments to external managers. Its value proposition rests on in-house underwriting of asset-backed loans.
What other investments does Echo pursue beyond aviation parts?
Echo’s website references a separate vehicle, ECHO Ventures, but does not disclose its mandate or holdings. The firm’s public narrative centers entirely on the Off-Wing Partners aviation finance strategy. The scope and status of ECHO Ventures remain undisclosed.
How does Echo source its unique aviation-finance deals?
Echo’s sourcing appears to flow from its principals’ deep reinsurance and structured-credit networks. The firm positions itself as a structured-solutions provider to participants in the OEM supply chain, not as a broad auction participant. It designs capital solutions around contractual MRO flows from a single investment-grade OEM.
How is Annetta Cortez’s risk-management function different from a typical credit committee?
Annetta Cortez spent her career at Oliver Wyman, KPMG Consulting, and Novantas building regulatory capital models for financial institutions. At Echo, her role fuses actuarial-style loss modeling with structured lending—she assesses the probability of collateral impairment and contractual breach rather than just borrower credit ratings. This insurance-style risk architecture is unusual in private debt.
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