
A career that began with winding down a leasing book became four decades of building them. At Clarus Capital, Steve O'Leary is betting that patient underwriting, longtime colleagues and private credit can keep American equipment moving.
The Boston lender built a private-credit business around an unfashionable truth: factories, fleets and data centers still need expensive physical things. Its playbook pairs leveraged-credit judgment with equipment expertise - and turns those contracts into repeatable capital-market fuel.