Jan 1, 2009

Firstlight Financial: closed for business?

Firstlight Financial was a leveraged lender started in April of 2007 by a former GE officer, Ron Carapezzi, who took a lot of GE Commercial Finance staff over to the new firm. Ron and several other employees were graduates of GE's Financial Management Program (FMP). The company provided senior debt, second lien and mezzanine debt, structured financings and equity investments. Peaking at over 60 employees, layoffs were reported in April of 2008, reducing headcount to about 15.

Recently I noticed that the website is no longer working, and there is no answer at the listed phone number. Another victim of the credit crunch?

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