Daily News: January 21, 2015

Raccosta Joins Tiger as Director of Business Development

Fred Raccosta joined Tiger Capital Group as director of business development for New York, New Jersey and Pennsylvania.

Most recently, Raccosta was an SVP at Hilco Global, where he focused on financial institutions, investment banks and other professional services advisory companies in nine Eastern states and D.C. Prior to that, Raccosta was an SVP at Great American Group, also focused on the Northeast.

Earlier in his career, Raccosta spent approximately 15 years with ABLs and other financial institutions, including positions as a senior BDO/VP at Access Capital and as a VP at CIT Group in New York and Pennsylvania. He began his career with Bank of America’s Corporate Cash Management Group.

From his base in Tiger’s New York office, the veteran of the valuation advisory and ABL industries will focus on business development and identifying asset disposition opportunities in the company’s Eastern Region, spearheading the firm’s New York-based sales and marketing efforts to the lending, turnaround and investment banking communities. He will report to Melissa Coopersmith, managing director, national sales.

“With his widespread experience at asset appraisal and disposition firms, as well as asset-based lenders, Fred brings a wealth of industry knowledge and contacts to his new position at Tiger,” said Coopersmith. “He is a welcome addition to our team of business development professionals.”

Raccosta is an active member of the Commercial Finance Association, Turnaround Management Association and Association for Corporate Growth, as well as other professional financial associations.