GOVCON Asset Management Services, a division of GOVCON Funding Corporation, has launched the Distressed Asset Redeployment Program (DARP) to assist global financial institutions in their ability to recapture investments within their Non-Performing Loans (NPL). Through the DARP program, GovCon Funding Corporation will provide strategic guidance, funding solutions and asset management services to lending institutions. The DARP program focuses on financial institutions who have credit exposure to companies operating in the aerospace, defense and government service markets.

GovCon Funding Corporation will purchase and manage portfolio assets ranging from $1 million to $50 million in value while providing asset management capabilities throughout the process.

“We have been in consultation with our strategic lending partners and realize the value this program offers financial institutions.” said Thomas Panuzio, CEO of GovCon Funding Corporation. “We have found that our market data confirms the ability of financial institutions to accelerate their recovery of assets by an additional 25 to 45 percent is the difference between a strong growth rebound and a long-term recovery.”

Based in Miami, FL, GovCon Funding Corporation provides strategic guidance, funding solutions and asset management services to public and private government contractors. Our global lending partners include advisory firms, commercial and retail banks, investment banking firms, independent leasing companies, insurance companies and private equity firms.