OVERVIEW

Distressed Markets:

Opportunistic | Deal-by-Deal

  • Phin W. Stubbs founded Bellwether Investment in 1992, following six years managing distressed loans with the Federal Asset Disposition Association (FADA) and the Resolution Trust Corporation (RTC). The quasi-governmental agencies were created by Congress to resolve a $400 billion banking crisis at the time.

  • Stubbs acquires distressed financial assets across the spectrum of collateral and risk, including senior and subordinate debts, equities, and credits. Acquisitions have ranged from $1M to over $100M.

Historical Financial Instrument and Collateral Focus:

  • Debts: All Tranches, Performing, Sub-Performing, and Default

  • Bonds: Private & Public: Public Senior Secured Bond Investments Through Third-Party Expert

  • Real Estate Collateral: Full Service and Limited Service Hotels, Mini-Storage Facilities, Residential Lots, and Garden Office Buildings

  • Business Collateral: Funeral Service Businesses, Other Service Businesses, Restaurants, and Small Manufacturers

  • Chapter 13 Bankruptcy Receivables: Investments Through Third-Party Experts

  • Venture Debt: Case-by-Case Reviews

Specialized Niche Private Debt:

Funeral Services Industry | Fund-by-Fund | Deal-by-Deal

  • Phin W. Stubbs established PSI (aka, PSI-1) in 2000, upon the acquisition of the largest lender to the U.S. Funeral Services Industry, Provident Services, Inc., a subsidiary of Service Corp. International (NYSE: SCI). The $130M portfolio consisted of 85 loans secured by funeral home businesses and real estate in the U.S., Canada, and Puerto Rico.

  • In addition to periodic sidecar loan originations and loan acquisitions, Stubbs has organized three Private Debt Funds to date, ranging from $20M to over $100M.