“Assessing Specialty Finance and Distressed Debt Transactions”

By Jeffrey B. Marron – Chief Executive Officer & Managing Partner & Christopher J. Morrissey – Chief Investment Officer & Managing Partner at Sheridan

Sheridan is an alternative asset based lender and investor focused on investing in credit opportunities in specialty finance. Sheridan originates asset backed loans to, and purchases whole loans, leases and receivables from, specialty finance originators throughout the United States. Sheridan invests in consumer, commercial and esoteric opportunities within the specialty finance universe.

Discussion Points:

The disruption in the institutional credit markets, non-bank and other burgeoning market inefficiencies are creating abundant opportunities for an experienced group to leverage its deal channels and utilize a thorough due diligence approach to produce attractive returns while preserving capital.

  • Distressed consumer, residential, commercial and other debt opportunities
  • Decision: finance the assets or directly acquire to optimize return versus risk
  • Understand the asset ownership and servicing compliance framework
  • Valuation techniques and exit strategies
  • Engaging servicing and asset management resources/borrowing facing
  • Utilize proven third party legal, audit, forensic review and valuation resources
  • Reporting, overall transparency and periodic projected to actual performance measurement

Jeffrey B. Marron – Chief Executive Officer & Managing Partner

Mr. Marron is responsible for all investment related activities, day to day operations and fund marketing. He also leads the transaction origination functions of Sheridan Asset Management, LLC. During his 18 years, Mr Marron has built a robust contact base that has developed Sheridan Asset Management into a brand name recognized as a lender to the small to medium sized specialty finance company community. Prior to founding Sheridan, Mr. Marron was a Director at Wasserstein Perella’s Alternative Asset Management Group, where he was involved in their Emerging Markets ABS transaction efforts and fund marketing. Before Wasserstein Perella, he was a Vice-President at Nomura Securities International where he was responsible for originating, financing, and distributing $1 billion of specialty finance and real estate related assets. Previously, Mr. Marron was an assistant football coach at the United States Military Academy at West Point. Mr. Marron obtained a B.A. in Communications from Michigan State University in 1986.

Christopher J. Morrissey – Chief Investment Officer & Managing Partner

Mr. Morrissey is the Chief Investment Officer of Sheridan Asset Management, LLC which Mr. Morrissey co-founded in May 2002. Mr. Morrissey is responsible for investment analysis, valuation, risk management and due diligence. Previously, he was President of FC Capital Corp. where he raised $20 million in equity capital and co-founded a home equity loan origination and servicing platform. Prior to FC Capital, Mr. Morrissey was a Director and co-managed the Fixed Income Structured Finance Group at Nomura Securities International, Inc. where he financed and securitized performing and distressed commercial, consumer and residential loans, amongst other asset classes. Mr. Morrissey began his career in financial services in 1983 and progressed to lead the capital markets group for the largest New England based mortgage banking company. Later, while at US West Financial Services, Inc., he managed a $400 million portfolio consisting of higher yielding and distressed consumer, residential, and structured finance investments. Mr. Morrissey obtained a B.A. from the University of Connecticut in 1977 and his M.B.A in Finance from the College of Business at San Francisco State University in 1982.

Sheridan is an alternative asset based lender and investor focused on investing in credit opportunities in specialty finance. Sheridan originates asset backed loans to, and purchases whole loans, leases and receivables from, specialty finance originators throughout the United States. Sheridan invests in consumer, commercial and esoteric opportunities within the specialty finance universe.