Richard Bochicchio Named Managing Director at AloStar Business Credit
KCP Advisory Council Member Takes on New Position with Asset Based Lender
Boston, MA – November 2, 2011 – KCP Advisory Group is pleased to announce that KCP Advisory Council member, Richard Bochicchio, has been named Managing Director at AloStar Business Credit, an asset based lender specializing financing solutions for middle market companies.
Prior to joining AloStar, Mr. Bochicchio co-founded and served as Managing Director at Seaward Partners, a private investment fund providing junior debt and equity to middle market companies. Mr. Bochicchio was also a co-founder and Managing Director at Crystal Capital as well as Managing Director of Back Bay Capital Funding, one of the creators of the second lien loan product. He has also held senior positions at Fleet Bank and Bank of Boston (now part of Bank of America) and Chase Manhattan. At AloStar, he will focus on the lending needs of small- and medium-sized businesses in the New York area and along the East Coast.
“Richard’s deep relationships and experience in New York City and throughout the Northeast will be critical to the success of AloStar,” said Andy McGhee, President of AloStar Business Credit. “We are excited that he has joined AloStar and expect to benefit tremendously from his years of experience.”
Bochicchio comes to AloStar with more than 30 years of experience in business development and relationship cultivation in the junior capital/commercial finance/commercial banking field, working for both large banks and boutique firms. At Seaward, he also developed and implemented the firm’s marketing strategy, which included a focused calling effort on lenders, investment bankers, turnaround professionals and direct calling on middle market private and public companies.
He and Director Allan Marzen will open a New York City office for AloStar Business Credit at 250 Park Avenue in Manhattan’s Flatiron District.
“I share the vision for AloStar Business Credit– to provide a stable and predictable source of capital for small- and medium-sized businesses nationally. I am pleased to be able to join AloStar at an early stage to help it build the infrastructure necessary to lend efficiently and effectively,” said Bochicchio.
A graduate of State University of New York at Albany, Bochicchio also received his Masters of Business Administration from New York University with a concentration in finance and international business. Bochicchio is active in several community based, regional and national industry organizations including the Turnaround Management Association, where he is President of the New York City Chapter, the Association for Corporate Growth and the Commercial Finance Association. He is a frequent speaker at industry events on distressed investing; secured lien lending and asset based lending.
About KCP Advisory Group
Formed by some of the most respected and innovative leaders in lending, investing, turnaround consulting and business advisory services, KCP Advisory Group (KCP) provides financial advisory, corporate restructuring and business performance improvement services to lender, investor, legal and corporate stakeholders. With decades of proven experience in all aspects of corporate transactions and reorganizations, the professionals at KCP provide unique insight and complete business solutions for companies in transition or reorganization, or seeking to improve operational efficiency and profitability. Through quick and careful analysis of a situation, the professionals at KCP Advisory Group will identify solutions and execute a plan of action with a sense of urgency and dedication to achieving optimal results. To learn more about KCP Advisory Group, please visit our Web site at www.kcpadvisory.com or e-mail us at info@kcpadvisory.com.