Daily News: January 29, 2019

Lau Joins AllCap Participation Fund as COO/CTO


David Lau joined the AllCap Participation Fund as its chief operating officer and chief technology officer.

Lau will be responsible for the operations, information systems, and marketing strategy for the overall fund.

He previously helped build up Allied Affiliated Funding for a successful sale to Axiom Bank. Prior to his 11 years with Allied, Lau used his experience in project management, financial management, marketing and sales to build up a startup company.

“We are excited that David has joined Allcap,” said Joel Flig, AllCap president. “He has proven experience in leadership, customer relations, technology, and marketing.”

“I am truly excited to join Joel and Clay’s team in taking Allcap to the next level and exceeding our customer’s expectations,” added David.

Founded by Clay Tramel in 2007, Allcap was the former owner of Allied Affiliated Funding. Allcap provides direct funding to companies, including factoring and receivables financing, asset-based lending, inventory and equipment loans, participations and hard money real estate transactions with credit facilities from $250,000 to $20 million.