TJ Maloney is the man who has helped taken the success of Lincolnshire Management to new heights in the last few years. After he joined the company in the year 1993, TJ Maloney made some constructive changes in which the company operated, which not only increased the company’s productivity but also its overall revenue and market reputation. TJ Maloney has become one of the well-recognized names in the financial world of the United States in recent times and currently serves as the CEO and chairman of Lincolnshire Management, which is one of the topmost private equity firms in the United States today.
TJ Maloney is a lawyer by profession and before joining Lincolnshire Management; he worked in the field of merger, acquisition and securities law for one of the top law firms in New York City. Having worked with a law firm that handled merger and acquisition for many leading financial organizations, TJ Maloney had the opportunity to look at the financial world closely and understand its dynamics illustratively. It also generated an interest in him to exploit the financial world further, and when the opportunity knocked the doors in the year 1993, he didn’t miss it and joined Lincolnshire Management immediately. Over the years, he has greatly contributed towards its success and helped the company grow within a small period of time.
Lincolnshire Management was named by CNN and also Forbes as the fifth best private equity firm in the United States in the year 2011, which was mainly due to the leadership of TJ Maloney. The company currently manages more than $1.7 billion in private equity funds. The primary focus of investments of Lincolnshire Management has been the service sector, manufacturing, and distribution. As of now, the company has invested and acquired more than 85 companies in the middle-market and continues to look for new investment opportunities through its team of investment and equity specialists. The company is looking to expand in many other streams of investments in the coming years.
From his triple position at New Residential, Michael Nierenberg managed to elevate the firm to new heights of success. He has the roles of Chief Executive Officer, President and Chairman of the Board, with the first two being assumed by him in 2013, and the latter coming 3 years later, in 2016. Michael Nierenberg continues to utilize various investment strategies in many areas, with his aim being to generate returns throughout many interest environments. His strategies employed by him at New Residential seek to generate strong returns that are also risk-adjusted, with him investing in assets that can create steady cash flows for the long run, but which also use conservative capital structures.
His approach to investment earned him his reputation, and turned him into a pioneer when it comes to investments in Excess Mortgage Servicing Rights. Other areas of interest for Michael Nierenberg have been investments in serving advances, consumer loans, and residential securities which are mortgage-backed. In addition to his investment strategies that pushed him and his firm to new heights, Michael Nierenberg also managed to change the way the investment landscape looks like when the firm that he is currently at the helm of was listed on the stock market.
Today, David Zalik is featured among top billionaires by the Forbes magazine. He was born in Israel and later moved to the US when still young. Soon after completing primary school he enrolled at Auburn University. He never attended high school education. His desire to date college ladies fuelled the entrepreneur skills. When still in university he decided to involve himself in computer assembling business. Business was doing great and soon after he dropped out of school so that he could focus on his business. He established a company by the name MicroTech which he later sold in 1996 and moved to Atlanta.
David Zalik decided to invest his fortune in real estate business. His investment grew and felt the need to explore new ideas. The established a web and mobile-development consulting firm called Outweb. It is out of the consultations with his clients that the idea to start GreenSky Credit was born. Zalik is currently the CEO of GreenSky LLC. The company was established in 2006, and its main operating base is in Atlanta. Recently, the company was listed among the top financial technology company in the US. The company facilitates the issuances of loans to clients through the use of technology. Through their platform, they can sign up merchants/clients and link them to willing banks and other financial institutions for loans.
Today the company has employed around 650 people. Besides the company has facilitated billions of loans. Zalik feels that by 2020 the company will have hit the $20 billion goals. The primary source of income is from originating and loan servicing. In September 2016 Fifth Third Bancorp, a bank in Ohio, partnered with GreenSky and also bought a stake worth $50 million. However, David Zalik still owns more than half of the company. According to him there no plans for floating share for the public. It is the same year that he was awarded the National EY Entrepreneur of the Year Award in Financial Services. Making it this far has not been an easy journey. David Zalik has attributed his success to hard work, determination, and innovation.