Alterna Capital Solutions added three members to its team of dedicated specialty and alternative financing experts.
Greg Carpenter joined Alterna as EVP and managing partner based in Dallas. He will be focused on growing revenue and distribution channels. Before joining Alterna, Carpenter served in a variety of roles at LSQ Funding over an eight-year stretch, including strategic partnerships and sales and originations, where he earned top originator status from 2013 to 2019, contributing more than $1.5 billion in total AR purchases and more than $30 million in gross revenue. Prior to LSQ, Carpenter spent three years at Bank of America Securities and five years at Goldman Sachs originating and structuring real estate syndications, as well as senior/mezzanine loans across all asset classes.
Michael Kodinsky joined Alterna as SVP of sales and originations, focusing his efforts on business development throughout Georgia, Florida and the Southeast region, as well as the Boston market. Prior to Alterna, Kodinsky led regional new business efforts for Change Capital (2018–2020) and LSQ Funding (2016–2018), and also served the SME sector at Euler Hermes and TriNet. Kodinsky is a member of industry associations, including ACG, SFNet and the TMA in the Southeast and New England. He is an inaugural board member of the International Factoring Association (IFA) Southeast chapter, serving as VP of membership and marketing.
Jim Thieken joined Alterna as chief risk officer (ABL) with responsibility to help expand the firm’s ABL offering and lead inventory finance due diligence, risk analysis and monitoring. Thieken has more than 30 years of finance, operations and credit experience, having served six years as EVP of credit/underwriting at the full-service boutique asset-based lending firm, GemCap, and 23 years with the Schottenstein family of companies, where he last served as SVP of finance and operations.
“From day one Alterna has been singularly focused on finding underfinanced segments of the SME market where timely cash flow is out of sync with demand for goods and services,” Stan Carpenter, founder and president of Alterna Capital Solutions, said. “When well-intended lending restrictions cause lack of liquidity for hardworking, passionate and successful business owners — many of whom are creating jobs and economic growth for their community — my team feels compelled to engage and find the equation for pairing smart business and smart growth with straight up access to capital. As we continue to grow in pursuit of our mission to help businesses achieve greatness, I’m honored to find like minded expertise in Greg Carpenter, Michael Kodinsky and Jim Thieken, and welcome them enthusiastically to the high-caliber Alterna team.”
Founded in 2018 and headquartered in Winter Park, FL, Alterna Capital Solutions provides financing for up to $15 million in growth capital.