Indigo Asset Management, LLC Announces June 2012 Deal Closings and New Hires
22 Jun, 2012
SCARSDALE, N.Y., June 22, 2012 /PRNewswire-iReach/ — Indigo Asset Management, LLC ;announced today that it has completed the purchase of $14 million in new assets from a southeast regional bank. ; ; The assets represent a mix of regional sub-performing and non-performing C&I and Commercial Real Estate loans, backed by hospitality, retail and office properties. ; The purchase reflects Indigo’s commitment to growth through investments in senior lien middle market commercial loans with a high potential of near-term restructuring.
Indigo Asset Management has also announced two recent hires: Mr. Victor Nowicki as Marketing Director, and Mr. Joseph Savarese as VP – Underwriting and Asset Management. ; ;
Mr. Nowicki will lead Indigo’s marketing and origination efforts targeting the US debt-seller market including national, regional and local banks, and intermediaries such as restructuring advisors, brokers, attorneys or accountants. ; ; ;Mr. Nowicki has over 20 years of multifaceted experience in the financial sector. ; ; He has recently worked as a mid-market advisor and a commercial debt underwriter with several debt funds. ; Prior to that, he held senior business development roles with JPMorgan Chase, GE Capital and GMAC/RFC where he managed growth initiatives through acquisitions, investments and non-strategic divestments. ; ;Mr. Nowicki has an MBA in Finance from the NYU‘s Stern School of Business, an MS in Logistics from MIT and a BS in Civil Engineering from Columbia University. ;
Mr. Savarese comes to Indigo with 10 years of underwriting experience in the alternative debt/investment space and will play a key role in managing Indigo’s investment portfolio. ; ; Mr. Savarese is a CFA charterholder and has an MS in Finance from Boston College‘s Carroll School of Business and a BS in Finance from Bentley University.
Indigo Asset Management, LLC (www.indigoassetmanagement.com) is an alternative debt fund with offices in New York and in Seattle, WA. ; ; It invests in middle market senior lien commercial loans, $5MM or larger, collateralized by a wide range of commercial real estate, working capital and industrial assets. ; The fund differentiates itself mainly through investments in “loan-to-restructure” situations where borrowers can be stabilized through an ultimate restructuring allowing the fund to exit through orderly refinancings. ; Indigo has been an active purchaser of senior lien notes since its inception in 2005. ;It is funded by Indigo’s principals and strategic institutional partners.
Any questions or business inquiries should be directed to Mr. Nowicki at (914)-713-8156 (office) or firstname.lastname@example.org (email). ;
Victor Nowicki Indigo Asset Management, LLC, (914) 713-8156, email@example.com
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SOURCE Indigo Asset Management, LLC