Impact of COVID - 19 on Collateral Values
Our panel will look at the impact of COVID-19 on collateral values, the panelists will share their observations, experience and views on how the underlying assets in various types of Private Debt structures have performed Pre & Post COVID-19. The group will take Q&A from the audience and make the panel very interactive. All panelists have long track records, great pedigrees and have seen a wide variety of conditions during their careers.
- Seeking and evaluating “COVID Resistant” consumer finance opportunities
- Real estate opportunities; evaluating new approaches to property types in a changed world
- Fix and Flip financing; what are the expectations about the sale exit of a property?
- What small business credit opportunities can provide downside protection to potential investors?
- Revisiting the hedge fund structure in a liquidity stressed environment; how mismatched are your assets and liabilities.
- Mission critical equipment lease transactions provide good risk adjusted returns in this environment.
Event Recording
Impact of COVID 19 on Collateral Values
Speakers
Jeffrey Marron
- Title
- CEO & Managing Partner @
- Company
- Sheridan Asset Management
- Role
- Moderator
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.
Brett Hickey
- Title
- Chief Executive Officer @
- Company
- Star Mountain Capital
- Role
- Panelist
Brett Hickey has over 20 years of private investing and investment banking experience with over 15 years spent directly in the U.S. lower middle-market. He has completed over 125 private equity, private credit and secondary fund investments.
Mr. Hickey is the Founder & CEO of Star Mountain Capital, LLC, a multi-billion dollar specialized private investment firm, making loans, private equity investments and secondary fund purchases across its Collaborative Ecosystem® in the lower middle-market. Driven by culture and stakeholder alignment, Star Mountain has been recognized as one of the Best Places to Work by Crain’s and Pensions & Investments in both 2020 and 2019.
Previously worked as an Investment Banker at Citigroup Global Markets in New York City (formerly known as Salomon Smith Barney) where he completed over $24 billion in transactions for financial institutions.
Graduated with Distinction from McGill University in Montreal, Canada with a Bachelor of Commerce degree in Finance and Accounting. He is an alumnus of Harvard Business School’s Owner, President / Manager executive training and management program.
Board positions include Harvard Alumni Entrepreneurs, Help for Children and the YMCA of Greenwich. He is also the Founder & Chairman of the Star Mountain Charitable Foundation, a 501(c)(3) focused on job creation (including for veterans, women and athletes), economic development and health & wellness. Mr. Hickey is a member of YPO and is a former Canadian national gold medalist and North American medalist in speed skating.
Peter Lowden
- Title
- Managing Director & Co-Portfolio Manager @
- Company
- Prime Meridian Capital Management
- Role
- Panelist
Peter Lowden, CFA, is the Managing Director and Co-Portfolio Manager for Prime Meridian Capital Management. In these roles, he is instrumental in the management of all the lending funds for the firm, and its overall operations and direction.
Mr. Lowden has been formulating and managing investment strategies since 1993. His experience includes traditional equity and fixed income securities analysis, traditional and alternative investment manager research, asset allocation, and portfolio management of equity, fixed income, mutual fund, fund of funds and hedge fund strategies.
Mr. Lowden holds a Bachelor of Science degree in Finance from the University of Colorado, Boulder, as well as the Chartered Financial Analyst (CFA) designation from the CFA Institute. He is a past President of the CFA Miami Society, and is active in the community where he has helped guide multiple non-profit organizations.
Lance Etcheverry
- Title
- Managing Principal @
- Company
- Flat Creek Capital Management, LP
- Role
- Panelist
Lance Etcheverry founded Flat Creek Capital Management, LP to build a purposely diverse portfolio of opportunistic investments in growing private middle-market businesses. Fund I (Flat Creek Capital, LP) closed in 2016, has committed capital of $14m with 79 investors and has made investments in 20 different businesses across economic sectors and geographies. Fund II (Flat Creek Capital II, LP) had its initial close in 2019 and currently has over 55 investors with 2 investments. Fund II remains open until July 2020.
Etcheverry has had a diverse professional career across government, energy/utilities and investment banking. He began his career in 1990 in Washington, DC as a legislative aide to US Senator Lloyd Bentsen and US Congressman Michael A. Andrews. In 1995, Lance joined JPMorgan’s Public Finance Utilities team, where he spent a total of seventeen years, including several years as Group Head. He and his team provided investment banking services to governmentally owned electric, gas and water utilities in the US and Puerto Rico. He also spent three years at an affiliate of Hunt Oil Company evaluating lower middle market private investments.
Early in his career, with his own capital, Etcheverry began employing a disciplined, structured investment strategy focused on private transactions, diversifying from traditional public equities and fixed income. The strategy was centered on supporting highly motivated, proven management teams and lead investors with supplemental growth equity capital. Strongly aligned incentives, diversification, flexibility and an opportunistic mindset have been key principles informing the strategy.
Etcheverry serves on the Board of Directors for the Zyston Corporation, Smart Flour Foods and the SMU Alumni Association. He earned undergraduate degrees in Economics and Political Science from SMU and a MBA from the University of Texas.
Karl Douglas
- Title
- Chief Investment Strategist @
- Company
- Insight Family Office
- Role
- Panelist
Karl Douglas is an investment banker, investor, and entrepreneur with over 30 years of experience at Wall Street firms including Integrated Resources, Salomon Brothers, Bear Stearns, JP Morgan, and Merrill Lynch. He is the Founder and Chief Investment Strategist of Insight Family Office, a successful private investment firm, advisor, and origination platform to family offices, endowments and institutions. Mr. Douglas founded the firm in 2014. Since then, Insight has grown into a firm advising family offices, endowments, and institutions with over $1B of assets.
In addition to his responsibilities at Insight Family Office, Mr. Douglas dedicates a significant amount of effort to help young entrepreneurs to develop profitable businesses. Mr. Douglas is a Director on the Board of Unify Biotechnologies, a New York biotechnology incubator. He is also a sponsor and advisor to the BAJ Accelerator, a collaboration, and partnership among three organizations: Baltic American Chamber of Commerce, Orion Worldwide Innovations, and Jacobs Technion-Cornell Institute at Cornell Tech. The BAJ Accelerator is dedicated to promoting technology innovation and helping entrepreneurs to develop sound businesses.
About
Sheridan Asset Management
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.
Star Mountain Capital
Star Mountain is a specialized asset management firm focused exclusively on the U.S. lower middle-market by investing debt and equity directly into established operating companies, making strategic investments into fund managers and purchasing secondary fund positions. Star Mountain Capital, founded in 2010 by Brett Hickey, is a specialized asset management firm focused exclusively on the large and fragmented U.S. lower middle-market. Backed by some of the world’s most sophisticated institutional and high-net-worth investors, Star Mountain has developed a unique and proprietary platform to provide investors with highly diversified access to the attractive risk-reward opportunities available from established businesses that are not large enough to access the more efficient U.S. capital markets.
Prime Meridian Capital Management
Since inception, our primary objective at Prime Meridian Capital Management has been to provide income diversification and long term relative value over traditional fixed income investments. The Prime Meridian funds have met this objective every year since inception and continue to do so. Our funds are increasingly popular with investors and asset management firms, and are approved for custody and distribution on major broker dealer (Fidelity, TDA, Pershing etc) and IRA/401k platforms. Offshore feeders are available for non-US investors, and approved at several popular international banks.
Flat Creek Capital Management, LP
Flat Creek Capital Management, LP is the fund manager for two investment funds focused on achieving superior returns from building a purposely diverse portfolio of opportunistic investments in growing private middle-market businesses.
Insight Family Office
Insight Family Office is an investment advisor and origination platform for single-family offices, endowments, and institutions. Our investment allocation is macro-economically driven. Insight's current allocation is:
Gold - 30% ETFs (no physical)
Real Estate 30% - Our focus on essential cash flow real estate opportunities (logistics hubs, cold storage, power and municipal facilities, data centers, senior housing, hospitals, workforce housing).
Special Situations 25% - Equity or credit, sector agnostic, defaulted note and bond purchases, turnaround opportunities. Sub-prime auto finance, other consumer credit.
Venture Capital 10% - investment in top tier VC or select directs in Artificial Intelligence, blockchain, biotechnology.
Bitcoin - 5%
Geography - North America, Europe
For more information, please visit our website: www.insightfamilyoffice.com