Mike McGovern
Orange, CT (USA)
Role(s):
Founder/Owner/Principal
Outsource Credit LLC
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Startup
Location:
Orange
Industry:
Finance
Year Founded:
2008
Number Employees:
1-10 people
Description:
Base business - Credit risk management and related services - commercial loans, workouts and turn-arounds, working capital management. Curent project - $20MM capital raise to invest in distressed debt, with the idea to realize sizable gains by restructuring, then reselling or exiting distressed debt. Investments will be largely collateralized, but the cycle may run 1 to 3 years for a particular investment. High risk, high return with annualized ROI of 40% or more.