Daily News: January 18, 2012

Paez Joins RedRidge Finance Group as Principal

RedRidge Finance Group announced the addition of Gerard (Gerry) D. Paez to the RedRidge team of financial professionals as a principal. Paez will be responsible for direct acquisitions of specialty finance companies and stressed assets for the company’s investment portfolios. He will seek national investment and lending opportunities, with an emphasis on middle-market transactions, with a specialty in healthcare, ranging from $10 million to $250 million. Paez will also be tasked with the further development of the Advisory Services Group, consisting of asset management, debt advisory and financial services.

Over his 25-year career, Paez has invested and managed over $2 billion in debt, equity and subordinated debt investments across various asset classes including: commercial & industrial, real estate and structured investments. Recently, he closed on the monetization of a software company he co-founded. He also managed a $150 million distressed loan portfolio on behalf of a Wall Street Proprietary Trading Desk. He has particular expertise working with senior lenders, subordinated debt investors, equity investors and management interests in financial restructurings.

RedRidge founder and president, Randy Abrahams, stated, “Gerry has the talent, background and experience to develop and close investment opportunities. His skills will be invaluable for identifying opportunities and providing services for our Advisory Services Group. He will be a critical element in furthering the company’s success.”

RedRidge Finance Group, headquartered in Chicago, serves its clients utilizing various manners of expertise including special opportunity capital, due diligence services and advisory services.