Eraj K. Asadi
North Haledon,NJ
Summary
Accomplished structured finance professional with extensive experience in funding specialty finance platforms and non-bank lenders through investment banking, commercial banking and private credit companies. Skilled in sourcing and structuring asset-based finance opportunities for companies ranging from early-stage start-ups to Fortune 500 finance companies. Recent experience has been focused on sourcing and structuring investments for non-bank lenders (fintech platforms), particularly in the consumer and SMB space.
Overview
35
35
years of professional experience
Work History
Senior Vice President, Head of Asset Finance
WebBank
Summit, NJ
05.2022 - Current
- Company Overview: A leading industrial bank with first-mover advantage in the charter bank arena; clients include marquee non-bank platforms (PayPal, Shopify, Klarna, Toast)
- Developed and implemented balance sheet funding strategy for existing and prospective fintech platforms utilizing asset-based finance structures
- Structured warehouse lines, senior-secured credit facilities, seasoning lines, and multi-disbursement funding facilities for existing and prospective bank clients
- Managed third-party forward flow funding facilities for bank clients seeking additional funding capacity
- Hired and managed a six-person team of experienced ABS professionals
- Interfaced directly with market participants, including early- and late-stage fintech platforms, credit funds, direct lenders, and syndicate banks, to create new business opportunities.
Managing Director, Head of New Product Development
Brevet Capital Management
New York, NY
09.2016 - 06.2019
- Company Overview: An alternative asset manager and direct lending private credit fund
- Built and led New Product Development team; developed new products in tax rebate finance and art finance sectors
- Directly sourced, structured and executed multiple private credit market opportunities with lower middle market originators
- Market-tested and built the infrastructure for Easly, the third-party fintech tax credit factoring platform for the firm with AUM now approaching $100mm
Chief Operating Officer and Head of Capital Markets
Infinity Franchise Capital (A Perella, Weinberg Company)
Montvale, NJ
03.2012 - 02.2014
- Company Overview: A hybrid P/E/private credit fund
- Built and successfully exited a specialty franchise finance business in conjunction with the PWP Asset Based Value strategy team with AUM of $200mm in under two years
- Ran all aspects of the business including development of policies and procedures, hiring of personnel, underwriting of new mandates, and securing third-party warehouse lines
- IFC was sold to Pacific Premier Bank in the first quarter of 2014.
Managing Director, Head of Asset Finance, Americas
Rabobank International
New York, NY
03.1999 - 11.2011
- Company Overview: Third largest bank in the Netherlands, focused on Food & Agribusiness wholesale lending strategies
- Developed Rabobank's North American asset finance platform from the ground up
- Built and mentored a team of 25+ investment and risk management professionals
- Executed structured finance transactions with over 60 clients in multiple asset classes with aggregate AUM exceeding $8 billion at peak
- Developed extensive internal and external network to source new investment opportunities
- Sourced and managed the most profitable client in the entire Global Financial Markets business for 5 years running
Vice President, Asset Finance Group
Lehman Brothers
New York, NY
03.1997 - 03.1999
- Developed and expanded Lehman's equipment-backed asset finance business footprint (specifically, auto loan, auto lease and construction equipment)
- Primary banker for Lehman stranded utility cost securitizations - executed mandates for New Jersey, Massachusetts, Pennsylvania and California
Director, Securitization Group
CIBC
New York, NY
04.1995 - 03.1997
- Structured and executed asset finance mandates for the bank's principal ABCP conduit
- Led execution for auto- and equipment-backed mandates
Associate, Investment Banking
Credit Suisse (The First Boston Corporation)
New York, NY
04.1993 - 03.1995
- Executed prime and subprime auto sell-side securitization mandates for the firm
Director, Asset Backed Group
Standard & Poor's Corporation
New York, NY
04.1990 - 03.1993
- Developed and implemented rating agency criteria for non-mortgage related assets, principally auto- and equipment-backed assets originated by banks and specialty finance companies
- 6th hire in S&P's global asset backed team
- Promoted six times
Education
MBA - Finance/International Business
New York University
Bachelor of Science - Management
New York University
Skills
- Private Credit
- Direct Lending
- Fintech Asset-Based Finance
- Structured Credit
- Risk Management
- Business Development
- Securitization
- Buy-Side/Sell-Side Perspectives
- Vast Industry Network
- Partnership Development
- Revenue Generation
- Strategic Leadership
- Specialty Finance Operational Experience
- Team Development/Mentorship
- Self-Starter
- Problem Solver
- Structuring and Execution
Timeline
Senior Vice President, Head of Asset Finance
WebBank
05.2022 - Current
Managing Director, Head of New Product Development
Brevet Capital Management
09.2016 - 06.2019
Chief Operating Officer and Head of Capital Markets
Infinity Franchise Capital (A Perella, Weinberg Company)
03.2012 - 02.2014
Managing Director, Head of Asset Finance, Americas
Rabobank International
03.1999 - 11.2011
Vice President, Asset Finance Group
Lehman Brothers
03.1997 - 03.1999
Director, Securitization Group
CIBC
04.1995 - 03.1997
Associate, Investment Banking
Credit Suisse (The First Boston Corporation)
04.1993 - 03.1995
Director, Asset Backed Group
Standard & Poor's Corporation
04.1990 - 03.1993
MBA - Finance/International Business
New York University
Bachelor of Science - Management
New York University
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