Tag Archives: Capital

Iron Mountain and CONSOR Joint White Paper: Securitizing and Collateralizing Software Assets for the Capital Markets

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La Jolla, CA (PRWEB) November 12, 2008

Iron Mountain’s Intellectual Property Management group (IPM) and CONSOR are looking for additional experts to work on a white paper titled “Securitizing and Collateralizing Intangible Software Assets” see http://www.consor.com/ironmountain/Callforexperts.doc to provide expert commentary, recommendations and practical guidance to the primary and secondary capital markets. This white paper is for the financial community that provides investments (IPO, M&A, LBO, equity or debt position, etc.) to companies that have valuable software assets. The joint white paper is planned for inclusion in the Iron Mountain Knowledge Center to complement the current white paper “Leveraging Software Assets Via the Capital Markets” (see http://www.consor.com/ironmountain/CONSOR_IronMountain_LSA.pdf).

The intangible assets owned by many enterprises today include traditional IP (trademarks, copyrights, and patents), and non-traditional IP (trade secrets and knowhow). This non-traditional IP is better known as the software inventory. Many investments today are secured using the traditional IP of the organization, but seldom is the nontraditional IP used.

Usually the question of including the software inventory may not have been addressed in the financing, or even thought of, but knowing it’s value and registered position can help manage and leverage the investment. Furthermore, regulations for mergers and buyouts mean that enterprises must estimate the value of existing software inventories anyway for financial and tax reasons, such as required by FASB 141, FASB 142 and FASB 157.

Iron Mountain provides the software inventory to be registered in its Escrow for securitization and CONSOR provides for software identification and valuation analysis. This registry and valuation services assist counsel and stakeholders get a handle on their investment.

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Overture Technologies Closes $6 Million Series C Funding Led by Capital Trust Ventures

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Bethesda, MD (PRWEB) December 19, 2008

Overture Technologies, the leading provider of decisioning software solutions that enable transparent, accurate and responsive lending processes, announced it has closed $ 6 million in Series C funding led by Capital Trust Ventures with continuing participation from CNF Investments, New Markets Growth Fund and other existing investors. Financing will be used to support market expansion to meet urgent and increasing demand for the company’s financial decisioning solutions serving the mortgage and education lending industries. In conjunction with the funding, Tim Meyers, Managing Partner at Capital Trust Ventures, has joined Overture’s board of directors.

“Today’s mortgage and student loan industries require consistent application of complex lending and pricing guidelines and thorough evaluation of ever-changing risk and asset valuation data to meet current and future regulatory requirements,” said Bill Kelvie, CEO, Overture Technologies. “This growth funding from experienced investors during a challenging time further validates our approach and will help us accelerate our reach for the markets we serve.”

Overture enables market efficiency and improves risk management in underwriting, pricing, servicing and valuing mortgage loans and assets with its Mozart suite of solutions, industry-leading automated decisioning software for originations and acquisitions, servicing, secondary marketing and the capital markets. In addition to Overture’s advanced FHA lending decisioning capabilities, its groundbreaking solution uses rules-driven decisioning for loan modifications to keep borrowers in their homes.
Overture’s education finance solutions empower colleges and universities, lenders, guarantors and other service providers to help students intelligently navigate the process of funding their education with Conductor, the leading online financial aid portal, the Student Loan Marketplace loan comparison tool and Amadeus, the premier student loan pricing and underwriting solution.
“Overture is providing business rules management systems for lending processes that can restore confidence in the credit markets and prevent the current crises in mortgage and education lending from happening again,” said Tim Meyers, Managing Partner, Capital Trust Ventures. “We’re pleased to invest in a company led by industry veterans and technology thought leaders who are enabling greater accuracy, transparency and efficiency for this significant and essential segment of the financial services sector.”

About Capital Trust Ventures:

Capital Trust Ventures provides growth-stage venture capital financing for information technology companies. We work closely to form a strong partnership with proven entrepreneurial leaders with the vision and spirit to build market-leading companies, help them to achieve scale and exit successfully. Our team of partners has extensive investing and entrepreneurial experience in multiple sectors including application software, emerging technologies, vertical software, new media, internet content, e-commerce and infrastructure software. Capital Trust Ventures is a member of the Capital Trust Group, a leading private equity and advisory firm. For additional information, visit http://www.capitaltrustventures.com.

About Overture Technologies:

Founded in 2000, Overture Technologies is the leading provider of decisioning software solutions that enable transparent, accurate and responsive lending processes for the mortgage and higher education lending industries. Overture’s customers are dedicated to providing superior mortgage underwriting, servicing and securitization services and to increasing students’ access to higher education financing alternatives. Overture’s leadership team applies decades of experience from leading financial services and technology firms including Fannie Mae, Freddie Mac, Goldman Sachs, IBM and KPMG to help our customers achieve their goals. For further information, call (301) 492-2155 or visit http://www.overturecorp.com.

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Vertical Capital Solutions Launches Advisory Business

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New York, NY (PRWEB) June 24, 2009

Vertical Capital Solutions (“VCAP Solutions”) in partnership with Vertical Capital, LLC an SEC registered investment advisor with over $ 4.5 billion in AUM, has launched a valuation and advisory business that will provide a wide range of services to clients. The platform was created by combining Vertical Capital’s market leading technology and analytics with a successful advisory platform – Kensington Blake Capital – which has deep experience in structured products valuation, advisory, risk management, and the trading of complex loans and securities.

The VCAP Solutions management team has held senior leadership roles at global banks, insurance companies and asset management firms, bringing firsthand experience in the risk management of loan and structured product portfolios. The effort is led by Charles McLendon, who will join as Managing Partner. McLendon was formerly the President and CIO of Primus Asset Management and was the Global Head of the Investment Grade Credit Group at Bank of America. Ricardo Diaz and Brian Zwerner, former partners at Kensington Blake Capital, will join as founding Partners in VCAP Solutions. The company is launching their practice with a core team of seven professionals that bring over 125 years of combined experience with support from Vertical Capital’s highly advanced proprietary loan level technology platform. VCAP Solutions will have dedicated professionals in offices in New York, Atlanta and Chicago.

VCAP Solutions has been formed in response to the unprecedented changes in the financial markets that have created a demand for independent advice, valuation, and analysis. The VCAP Solutions’ team brings a wealth of structured products, whole loan, derivatives and capital markets experience to a wide range of potential projects. While each project is unique, VCAP Solutions’ services are focused in three main areas: Valuation and Financial Reporting, Risk Assessment, and Strategic Advisory. VCAP Solutions’ range of capabilities are broad, including delivering independent valuations on large portfolios, providing granular cash flow and stress analysis, and assisting in portfolio management and trade execution on individual assets and portfolios.

“Our clients need access to unbiased advice supported by granular information, market perspective, and robust analytics capabilities,” said Charles McLendon, Managing Partner at VCAP Solutions. “The combination of an experienced team of structured products professionals with access to market leading tools developed over the last six years at Vertical Capital will allow VCAP Solutions to be an immediate leader in the market for providing valuation and risk management services.”

“Vertical Capital has invested heavily in building out the best tools in the marketplace for evaluating complex loans and securities. We are very pleased to have assembled this high caliber team to meet clients’ needs” said Tom Pearce, Managing Partner at Vertical Capital. “We are thrilled to have the VCAP Solutions team as partners to develop the complementary advisory and solutions business,” said Brett Graham, Manager Partner at Vertical Capital.

For more information on the VCAP Solutions team and services, please visit: http://www.vcapsolutions.com, or Contact:

Charles McLendon

Managing Partner

Vertical Capital Solutions

Phone: 212.786.5300

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Hackman Capital Affiliate Closes On $5 Million CMBS Loan

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Culver City, CA (Vocus/PRWEB) January 26, 2011

Hackman Capital, a privately-held industrial and commercial real estate investment firm, announced today, on behalf of its affiliate, the closing of a $ 5 million loan to permanently finance the acquisition of three creative office buildings in Culver City, California. The office, recording and production studios, totaling 32,248 square feet, are 100% leased by Westwood One. Inc., the country’s largest independent provider of network radio programming and traffic information. The Hackman Capital affiliate acquired the portfolio in an all-cash, sale-leaseback transaction in December 2009.

The non-recourse financing was arranged by Los Angeles based capital markets advisor, Verona Capital Markets(VCM), who obtained the loan from a major Wall Street investment bank. The loan provided 10-year, fixed-rate financing with a 30-year amortization period and a 5.99% coupon. The proceeds of the loan were used to repatriate equity to the sponsor and its investors.

VCM was able to mitigate the risk associated with a single, non-investment grade tenant by highlighting the superior sponsorship behind the transaction, including its track record of operational excellence across its portfolio and its extensive experience in the Culver City submarket, said Eliav Dan, VCM’s managing principal. In addition to highlighting Westwood Ones longstanding occupancy of the buildings and the financial commitment of its majority equity stakeholder, local private equity firm The Gores Group, Dan noted that VCM assuaged the lenders concern regarding a downside scenario by emphasizing the location of the project in reinvigorated downtown Culver City, the fungibility of the buildings, the loan amount relative to land value and the go-dark value of the buildings.

According to Michael Hackman, founder and CEO of Hackman Capital, this deal is yet another example of the the vitality of the Culver City submarket. “One of the west side’s most progressive and rapidly growing areas, and a destination for creative businesses, Culver City is a vibrant community, ” said Hackman. “We are expanding our footprint here for good reasons.”

Hackman Capital, which is based in Los Angeles, has been investing in industrial and office properties since 1986. Although the company and its affiliates have a large national presence, with an existing portfolio including more than 56 buildings and 16 million square feet in markets across the country, the company is proceeding with investment strategies focusing on Southern California and the West Coast.

Of the 13 properties Hackman Capital affiliates already own in Southern California, five are in Culver City. The three Westwood One Studios are located in the Hayden-Higuera district at 8960 Washington (9,668 square feet), 8966 Washington Boulevard (14,780 square feet) and 8944 Lindblade Street (7,980 square feet).

More about Hackman Capital

Hackman Capital specializes in the acquisition, management, redevelopment and adaptive re-use of industrial and office real estate. Founded in 1986, Hackman Capital has acquired or developed more than a billion dollars of property on behalf of the company, various investment funds and institutional clients. The company manages all aspects of the real estate process, from acquisition through asset management and disposition, and offers services including property and asset management, construction management, marketing and leasing, finance and administrative functions, legal, compliance and investor relations. Hackman Capital currently manages for its affiliates a portfolio of more than 16 million square feet, including 56 buildings and 750 acres of developable land. The

company is based in Los Angeles, California.

For more information about the company, please visit http://www.hackmancapital.com

More about Verona Capital Markets Inc.

Verona Capital Markets Inc. is a full service real estate investment banking and capital markets advisory firm based in Los Angeles. VCM specializes in arranging structured debt and equity financing for all types of commercial real estate investments throughout the country and represents financial institutions in connection with the disposition of performing and non-performing notes and REO. In their previous capacities as lenders and lenders counsel, respectively, our principals have been involved in virtually every facet of the securitized lending process, including loan origination, structuring, underwriting and documentation.

For more information about VCM, please visit http://www.veronacapitalmarkets.com.







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KBR Capital Partners Announces Strategic Expansion As Daniel Oschin Joins Executive Leadership

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New York, NY (Vocus/PRWEB) February 24, 2011

New York and Palo Alto based KBR Capital Partners, an innovative alternative investments company, has implemented the next phase of its multi-dimensional tactical plan that is methodically designed to take advantage of anomalous opportunities which result from paradigm shifts in the investment landscape. With the addition of Daniel Oschin as Managing Director, KBR has added one of the industry’s most respected, progressive and knowledgeable leaders to its team. Mr. Oschin, a veteran of the securities and commercial real estate industries, will develop new programs and strategies designed to enhance and expand the company’s capital formation platforms and channels, while cultivating pioneering models that will diversify and augment KBRs brand and enterprise.

Mr. Oschin has led a prestigious multifaceted career that includes experience and ownership in development, acquisition, property and asset management, redevelopment, divestment and syndication of more than $ 500 million in commercial property investments. As a leader in the securitized real estate market, he has been instrumental in the development, release, marketing and distribution of more than 100 direct investment offerings, and has also been responsible for equity procurement resulting in more than $ 2 billion in securitized real estate investments. As President-Elect of the Real Estate Investment Securities Association (REISA), a national alternative investments capital formation organization representing more than 18,000 constituents, Mr. Oschin is on the forefront of issues and developments in the securities and real estate arenas.

KBR vision and philosophy is based on a collaborative model that leverages the strengths of its principals, team members and best-in-class partners to bring what we believe are high quality and equitably structured alternative investments to our investors. KBR has co-invested in each of our programs and kept its offering costs as low as possible. We endeavour to maintain alignment of interests with our investors and to be incentivized based on the success of our programs, said Vinay Kumar, Managing Partner of KBR Capital Partners. As we enter the rapid growth stage of our business, we need strong leadership that has the demonstrated aptitude to develop a dynamic strategy, assemble a highly effective team, execute efficiently, and produce exceptional results for our investors and company. We believe that Daniel brings these qualities and much more to KBR.

The landscape of alternative investments and the overall markets are shifting into a new paradigm. As part of that change, the industry is demanding product providers that are financially secure, forward thinking, multi-dimensional, and sensitive to the needs of the marketplace, while providing support, education, and transparency. This is a challenging combination of qualifications to find in one company. KBR brings together and offers these attributes with a methodology that is rare”, commented Mr. Oschin. “I was fortunate to be introduced to KBR early in their development and I am excited to be a part of this remarkable team. I believe their vision will help to change the industry for the better and will provide investors with unique and worthwhile opportunities.”

Mr. Oschin was honored with the ACE Award (A Champion of Excellence) in 2009, presented by the Real Estate Investment Securities Association (REISA) for outstanding leadership and service to the association and the real estate securities industry. He is currently President-Elect of the REISA Board of Directors.

About KBR Capital Partners

KBR Capital Partners is an innovative national private equity firm and provider of alternative investments specializing in delivering quality investment opportunities to accredited individuals and institutional investors. KBR’s programs feature opportuni

LEAF Commercial Capital, Inc. Receives $125 Million of New Capital

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Philadelphia, PA (PRWEB) November 21, 2011

LEAF Commercial Capital, Inc. (LEAF or the Company), a leading independent equipment leasing and finance company, announced the recent closing of a $ 50 million growth equity investment from Eos Partners, L.P. and its affiliates (Eos), a New York based private investment firm. In connection with the Eos investment, LEAF also closed on $ 75 million of additional debt financing with Versailles Assets LLC, an asset-backed commercial paper conduit sponsored by Natixis, which increases the Companys securitized and syndicated warehouse facility to $ 185 million in aggregate. The warehouse facility is managed by Guggenheim Securities, LLC (Guggenheim Securities). The $ 125 million of incremental financing provided by Eos and Natixis will further support the expansion of the LEAF platform and its growing origination volume. FBR Capital Markets & Co. (FBR) advised LEAF in connection with the equity financing.

Headquartered in Philadelphia, PA, LEAF was launched in January 2011 with initial funding from Resource America, Inc., Resource Capital Corp., and Guggenheim Securities. The Company works closely with leading commercial equipment vendors and manufacturers to help them maximize revenues by offering competitive small- and mid-ticket financing solutions to their customers. LEAF currently has over $ 640 million of assets under management and recently closed a $ 105 million term securitization which was underwritten by Guggenheim Securities and rated by Moodys and DBRS. Resource America, Inc. and Resource Capital Corp. continue to maintain a significant investment in LEAF and, together with Eos, are committed to supporting LEAFs long-term business objectives.

Crit DeMent, LEAFs Chairman and CEO, stated, We are delighted to have closed this financing and are excited about the opportunity to partner with Eos. The investment that Eos has made in our company is a validation of our management team, corporate capabilities and creative marketing strategies. We value their sponsorship of our business and look forward to leveraging their experience with growth companies and their expertise in the capital markets. We believe that the additional financing provided by Eos and Natixis significantly strengthens our leasing platform and will enable us to continue providing the equipment financing industry with a strong and forward thinking resource, one that will transform the way the market perceives the value of a financing partner.

Brendan Moore, a Principal of Eos, said, We believe that LEAF represents a compelling opportunity to leverage an established platform with an experienced and proven management team and help build a market leading independent commercial finance company. Our investment will enhance LEAFs ability to execute on its growth strategy and expand its offering to meet the ever changing demands of the markets and the customers that the Company serves.

About LEAF Commercial Capital, Inc.

LEAF Commercial Capital, Inc. (“LEAF”) is a national equipment leasing and finance company headquartered in Philadelphia, PA, with a sales and service center in Moberly, MO and a call center in Orange County, CA. LEAF’s core competency is the ability to assist vendors and manufacturers in maximizing financing as a revenue generating strategy. For more information, please visit http://www.LEAFnow.com.

About Eos Partners

Formed in 1994, Eos is a private investment partnership with approximately $ 1.6 billion of capital under management. In its private equity activities, Eos focuses on working closely with management teams and committing its understanding of strategic alternatives and the financial markets to help grow these businesses into larger scale enterprises. For more information, please visit http://www.eospartners.com.

About Natixis

Natixis is the corporate, investment and financial services arm of Groupe BPCE, the second-largest banking group in France. With around 22,000 employees, Natixis specializes in three main business lines: Corporate and Investment Banking, Investment Solutions (asset management, insurance, private banking, private equity), and Specialized Financial Services. Versailles Assets LLC is an asset-backed commercial paper conduit administered by Natixis. Versailles Assets LLC is rated A-1/P-1 and provides securitized funding to a wide variety of US clients.

About Guggenheim

Guggenheim Partners, LLC, the parent of Guggenheim Securities, LLC, is a privately held global financial services firm with more than $ 125 billion in assets under management. The firm’s businesses include investment management, investment advisory, insurance, investment banking and capital markets services. The firm is headquartered in Chicago and New York with a global network of offices throughout the United States, Europe and Asia. For more information, please visit http://www.guggenheimpartners.com.

About FBR

FBR & Co. (FBR) provides investment banking, merger and acquisition advisory, institutional brokerage, and research services through its subsidiary FBR Capital Markets & Co. FBR focuses capital and financial expertise on the following industry sectors: consumer; diversified industrials; energy & natural resources; financial institutions; insurance; real estate; and technology, media & telecom. FBR Fund Advisers, Inc., a subsidiary of FBR, provides clients with a range of investment choices through The FBR Funds, a family of mutual funds. FBR is headquartered in the Washington, D.C. metropolitan area with offices throughout the United States and in London. For more information, please visit http://www.fbr.com.

About Resource America, Inc.

Resource America, Inc. is a specialized asset management company that uses industry specific expertise to generate and administer investment opportunities for its own account and for outside investors in the real estate, commercial finance, and financial fund management sectors. For more information please visit our website at http://www.resourceamerica.com or contact Marketing and Investor Relations at pkamdar@resourceamerica.com.

About Resource Capital Corp.

Resource Capital Corp. is a commercial real estate specialty finance company that qualifies as a real estate investment trust, or REIT, for federal income tax purposes. RSO’s investment strategy focuses on commercial real estate-related assets and, to a lesser extent, higher-yielding commercial finance assets. RSO invests in the following asset classes: commercial real estate-related assets such as whole loans, A-notes, B-notes, mezzanine loans, mortgage-related securities and real estate joint ventures, and commercial finance assets such as other asset-backed securities, senior secured corporate loans, lease receivables, trust preferred securities, structured notes and debt tranches of collateralized debt obligations.

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Michael Cho Joins Allegiance Capital Corporation

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Dallas, TX (PRWEB) November 28, 2011

Allegiance Capital Corporation, one of the largest private investment banks serving the lower middle market, has announced that Michael Cho has joined its Dallas office as a Vice President. Mr. Cho has more than 13 years of experience as corporate legal counsel in successfully managing mergers, acquisitions, and cross-border business transactions

Michaels considerable legal experience as a former attorney, along with his deal making experience both in real estate and cross-border transactions, has been of particular value to the firm, says David Mahmood, Chairman of Allegiance Capital Corporation. His skills in the Korean language have helped Allegiance Capital work with significant companies in South Korea, as well as American Marianas which Allegiance Capital Corporation is joint venturing. His deal making experience and cultural knowledge have been invaluable in helping Allegiance Capital grow its business.

Before joining Allegiance Capital Michael was associated with Akin Gump Strauss Hauer & Feld LLP as its corporate attorney, Michael represented various growth companies in their mergers and acquisitions, leveraged buy-outs, roll-up transactions and initial public offerings with the transactions ranging up to $ 200 million. During his career at Akin Gump, Michael was one of the key outside counsels for Packaged Ice, Inc. in their growth strategy of acquiring more than 30 companies, culminating in their public offering of $ 250 million.

Most notably while associated with the capital market group of Jones Day LLP as a corporate attorney, Michael participated in various transactions involving securitization of non-performing loans, private placement of senior and mezzanine notes and related sale of real estate portfolios. Michael also participated in transactions representing the Morgan Stanley Real Estate Funds in their joint venture with Korean Asset Management Corporation for the purchase and securitization of real estate secured loans ranging up to $ 350 million.

I have known David Mahmood for over eight years, a few of which I have spent representing him and Allegiance Capital Corporation, supporting several successful deals. I always admired the professionalism, persistence and the incredible focus that David Mahmood and Allegiance Capital Corporation has shown their clients. I sincerely appreciate the opportunity to work with him as a deal-maker and will enjoy the collective ride along the way.

About Allegiance Capital Corporation

Allegiance Capital Corporation is an investment bank specializing in financing and selling businesses in the middle market. Allegiance Capital has won multiple awards recognizing the value it delivers to clients. Examples include: 2009 Dealmaker of the Year (Dallas Business Journal), 2008 Boutique Investment Bank of the Year (M&A Advisor), 2006 Investment Bank of the Year (Dallas Business Journal). Subscribe to the Capital Ideas blog by visiting: http://www.allcapcorp.com/blog. Follow Allegiance Capital on LinkedIn, Facebook, and Twitter:@ALLCAP

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On-Demand Real-Time Calculation of Basel Capital Requirements with Thetica Solutions

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New York, New York (PRWEB) December 19, 2011

Thetica Solutions, a sister company to Thetica Systems, now provides consultation on Basel capital requirements for the banking industry and investment firms.

“Thetica Solutions enables clients to automatically calculate regulatory capital requirements. They can calculate whether a securitization’s minimum rating exposure is one from an originating bank or an investing bank, with access to real-time analytics. The resulting information can minimize their put-aside requirements, with automatic calculations on rating exposure, re-securitization, granularity and seniority,” states Jack Broad, company Founder/President and long-time structured finance market consultant.

“Our Thetica ABS Analytics and Structured Products Database enable users to rapidly integrate the data necessary to analyze regulatory capital requirements in minutes instead of months,” said Thetica Systems CEO Ariel Yankilevich. “We are proud to help enable market participants to perform vital analysis of their Basel regulatory capital requirements.”

Three companies now operate under the Thetica brand; in addition to Thetica Solutions, Thetica Systems provides sophisticated analytics solutions to the structured finance market and Thetica provides on-site consulting services to Wall Street for customized data solutions.

Thetica – from the Greek letter “theta” which means Thought, Life Force and Reason and the word “etica” which means Ethics. Thought, reason and ethics are essential elements of any successful business and commitment to this concept is embedded in the company names.

About Thetica Solutions: With state-of-the-art proprietary software, Thetica ABS Analytics, and over 25 years of experience on Wall Street, Thetica Solutions offers expertise in Regulatory Capital and Litigation Support. Those interested should contact 727-804-2660 for a phone consultation or visit http://www.TheticaSolutions.com.

About Thetica Systems: As Wall Street securitization pioneers, Thetica Systems understands the needs of ABS market participants. Its clients include investment banks, hedge funds, capital management, brokers, dealers, and others that invest in or monitor structured finance securities, with users from traders and trading desks, research and product controllers to risk managers, regulatory reporting and IT. Those interested in scheduling a live demonstration should contact 727-724-4182 or visit http://www.TheticaSystems.com for more information.

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Related Securitization Press Releases

Settlement Capital Renews Its $50 Million Credit Line With DZ BANK

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Dallas, Texas (PRWEB) March 09, 2012

Settlement Capital Corporation, a long standing leader in structured settlement purchasing, has recently completed a renewal and extension of its $ 50 Million credit facility through DZ BANKs New York office.

Settlement Capital has a long relationship with DZ BANK, and we are excited about the continuance of this credit line and our future, said Debbie Rosen, President and CEO of Settlement Capital.

Settlement Capital was founded in the late 1980s and was the first company to purchase structured settlement payment rights. The company has been a leader in the industry ever since.

People receiving structured settlement payments through an annuity sometimes need to sell that asset to pay off debt, avoid foreclosure, buy a home or car, or go to school, commented Ms. Rosen. Settlement Capital stands ready to help these people when they need it. This credit extension demonstrates the continuing confidence the banking community has in this business and Settlement Capital.

DZ BANK is very happy to continue and expand its relationship with Settlement Capital, and we look forward to working with the company in the future, said Christian Haesslein, Vice President at DZ BANK Structured Finance Asset Securitization.

About Settlement Capital Corporation:

Settlement Capital Corporation is a Dallas, Texas based purchaser of structured settlement payments. Since the late 1980s Settlement Capital has provided lump sums of cash in exchange for future periodic payments to customers all over the country. Settlement Capital was a founder of the National Association of Settlement Purchasers (NASP), and led the effort in Congress and the states to enact Structured Settlement Protection Acts, ensuring consumers fair access to this important asset. Visit Settlement Capital on the web for more information at http://www.setcap.com.

For more information contact:

Settlement Capital Corporation

Debbie Rosen, President and CEO

14755 Preston Rd., Suite 130

Dallas, TX 75254

972-450-5848

drosen(at)setcap(dot)com

About DZ BANK:

DZ BANK is the fourth largest bank in Germany and acts as central bank for approximately 1,000 cooperative banks. As a cooperative commercial bank, DZ BANK is a well-known partner in Germany and abroad and offers long lasting business experience of over 125 years. DZ BANKs New York based Structured Finance Asset Securitization unit offers lender finance, structured asset and accounts receivable financing for a wide variety of clients and asset types. For more information, please visit http://www.dzbank.com.