WALTHAM, Mass., Nov. 18, 2021 (GLOBE NEWSWIRE) — Nice Elm Specialty Finance, a newly fashioned, wholly owned subsidiary of Nice Elm Capital Corp. (“GECC,” “we,” “us,” or “our”) (NASDAQ: GECC), a enterprise growth firm, right this moment introduced a brand new management appointment supposed to foster the corporate’s personal direct lending options to center market debtors primarily throughout the US. Michael P. Keller, a seasoned skilled with vital expertise in direct lending, will head its specialty finance efforts with explicit deal with asset-based lending, asset backed lending, money stream, and subordinated debt investing.
“Over his profession, Mike has managed over $20.0 billion in property and has had nice success creating lending methods, together with deal origination, underwriting and portfolio administration for multi-billion greenback monetary establishments,” stated Peter Reed, GECC’s Chief Govt Officer. “We welcome Mike to our group and consider he can be a pure extension of our lending experience and can permit us to additional develop GECC’s attain and capabilities within the asset-based lending and specialty finance markets, through natural progress and thru acquisitions, the place we proceed to see enticing progress alternatives whereas driving long-term worth to our shareholders.”
“I’m excited to tackle this pursuit with GECC and am assured that we are going to proceed to offer financing options to center market corporations and definitely develop our greatest at school platform,” stated Michael Keller. “I’ve recognized the group at GECC for a few years and stay up for increasing GECC’s specialty finance footprint by a mixture of direct origination, acquisitions, and strategic partnerships.”
Mr. Keller joins GECC from Credit score Worth Companions, LLC. the place he served as a Accomplice and developed and oversaw the agency’s Direct Lending and Funding Platform. Previous to Credit score Worth Companions, LLC,, Mr. Keller was a member of CapitalSource Finance’s senior administration group the place he led many alternative areas together with head of the Restructuring Group the place he was chargeable for the administration of the Firm’s careworn mortgage portfolio, together with Money Circulation, ABL and Actual Property Loans. He additionally oversaw CapitalSource’s particular scenario lending initiatives and spearheaded a $300 million opportunistic credit score fund. Previous to this, Mr. Keller headed up restructuring efforts for the $1.8 billion Healthcare Finance Division of FINOVA on behalf of Berkadia, LLC; a three way partnership between Berkshire Hathaway and Leucadia Nationwide Company. Mr. Keller has additionally held varied senior, monetary/funding positions at PNC Financial institution and Family Worldwide. He holds a Bachelor of Science in Finance from the College of Illinois and an MBA from the Mendoza Faculty of Enterprise on the College of Notre Dame.
About Nice Elm Capital Corp.
Nice Elm Capital Corp. is an externally managed enterprise growth firm that seeks to generate present earnings and capital appreciation by investing in debt and earnings producing fairness securities, together with investments in specialty finance companies.
Cautionary Assertion Concerning Ahead-Wanting Statements
Statements on this communication that aren’t historic details are “forward-looking” statements throughout the which means of the federal securities legal guidelines. These statements are sometimes, however not at all times, made by the usage of phrases or phrases similar to “anticipate,” “anticipate,” “ought to,” “will,” “estimate,” “designed,” “search,” “proceed,” “upside,” “potential” and comparable expressions. All such forward-looking statements contain estimates and assumptions which are topic to dangers, uncertainties and different elements that would trigger precise outcomes to vary materially from the outcomes expressed within the statements. Among the many key elements that would trigger precise outcomes to vary materially from these projected within the forward-looking statements are: circumstances within the credit score markets, the value of GECC frequent inventory, the efficiency of GECC’s portfolio and funding supervisor and dangers related to the financial influence of the COVID-19 pandemic on GECC and its portfolio corporations. Data regarding these and different elements will be present in GECC’s Annual Report on Kind 10-Ok and different experiences filed with the SEC. GECC assumes no obligation to, and expressly disclaims any responsibility to, replace any forward-looking statements contained on this communication or to adapt prior statements to precise outcomes or revised expectations besides as required by legislation. Readers are cautioned to not place undue reliance on these forward-looking statements that talk solely as of the date hereof.
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