Vice President - Portfolio
CurrentPortfolio ManagementManaged 25 relationships (currently 12) representing ~$1B of loan commitments (currently ~$550mm) within asset-based, cash flow, entertainment, real estate, franchise finance, and quasi-2nd lien credit facilities across all industries:- Lead portfolio manager on a $400mm credit facility to a public company (NYSE: REV) with ~$2B in annual revenues.- Lead and only portfolio manager for MidCap’s entertainment product. Served as the portfolio manager on a ~$121mm production financing facility, underwriting, insuring, managing, and financing the 3rd season of a global TV series with a budget of ~$52mm.- Lead and only portfolio manager for MidCap’s International-ABL platform transaction (~£95mm).Problem Loan Workouts (notable transactions)- Manchester-based automotive component manufacturer (~£300mm in annual revenues) filed for administration in March 2020. Result: repaid in full (~£95mm) in early 2021, inclusive of all contractually owed income including exit fees.- LA-based entertainment production studio (~$80mm in annual revenues) experienced significant liquidity issues throughout the duration of ~$121mm credit facility. Result: a sale of all assets to a public entertainment company. Liquidation of receivables is ongoing; expectation is full repayment.UnderwritingLeveraged existing credit relationships to originate ~$50mm of new loans supported by fixed assets, cash flows or enterprise value:- Lead underwriter responsible for managing all aspects of the deal process including due diligence, structuring and legal documentation, and transaction execution. Served as primary contact for client, legal counsel, and internally.- Created base case and downside financial models analyzing free cash flow, debt service coverage and liquidity.- Produced memos detailing the borrower, industry, competitive landscape, risks & mitigants, and investment thesis and presented to C-level executives for approval
