PRINCETON, N.J., March 9, 2016 /PRNewswire/ -- Princeton Alternative Funding, LLC today announced the appointment of Howard Davner as Chief Executive Officer, Jack Cook as Chief Operating Officer and Chief Compliance Officer, and Jeff Davner as Executive Vice President.
"We're pleased to welcome this experienced executive team to lead Princeton Alternative Funding's next phase of growth," said Walt Wojciechowski, Chief Financial Officer of Princeton Alternative Funding. "They each have a deep understanding of the market and a track record of success. As a team, we're confident they'll achieve even more for our fund and clients."
Princeton Alternative Funding provides capital for businesses that make consumer loans in the non-prime market, currently comprised of over 110 million under- or unbanked consumers making the growth potential for the fund unparalleled.
The fund has an exclusive partnership with Microbilt Corporation, the leader and gold standard for analyzing non-prime risk, and providing world-class analytics and monitoring capabilities to the underwriting process.
"Princeton Alternative Funding has established itself as a leader in financing non-prime consumer lenders. I am excited about joining the team and look forward to providing the resources needed to serve this growing credit market," said Howard Davner, newly appointed Chief Executive Officer.
Howard was a founder and principal of Terrapin Advisors and Ryett Capital Partners, long and short Hedge Funds with track records of success. Formerly an Equity Specialist for Goldman Sachs focused on small to mid-cap companies, Howard built a reputation as an exceptional stock picker and held a seat on the New York Stock Exchange. Howard has a B.A. in Economics from the University of South Florida.
The Princeton Alternative Finance team also added Jack Cook as Chief Operating Officer and Chief Compliance Officer. Jack was a founder of Terrapin Advisors and Director at Credit Suisse in the Fixed Income Division as a bond trader. Jack is an experienced Fixed Income trader with a deep understanding of market trends and behavior in equity and commodity markets. He holds a B.A. in Economics from St. Lawrence University.
Jeff Davner also joined the fund as Executive Vice President. Jeff was a co-founder of Terrapin Advisors, partner of Bluestone Capital, and co-founder of ATL Consulting. He also specialized in placing large producing registered representatives with financial firms and a Regional Sales Manager for The Legend Group. Jeff graduated from Tulane University with a B.S in Political Science.
The new management team started March 1, 2016.
Princeton Alternative Funding LLC was created to offer accredited and institutional investors the opportunity to achieve substantial returns in the growing non-prime, small business lending space. Finance companies issuing consumer-oriented loans offer benefits to borrowers, lenders and investors alike, are served. A broad consumer loan base spread nationwide through geographical and industry verticals allows for diversification and low risk correlation.
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SOURCE Princeton Alternative Funding