Richard Petrucci has joined CG Commercial Finance in the role of Sr. Vice President – Credit Manager. Petrucci will be working out of CG’s recently established Walnut Creek office and collaborating with Michael Gay to grow the Company’s new business unit delivering asset financing solutions to large corporates, private equity sponsors, and major third-party and affiliate relationships. Petrucci will also be a member of CG’s credit committee to consider all balance sheet investments in asset financing transactions. Petrucci brings over twenty-five years of experience in credit and risk management for large, highly-structured asset finance transactions and will be a key component of the company’s initiative to grow its portfolio.
Prior to joining CG, Petrucci was the Director – Sr. Credit Manager at NXT Capital Equipment Finance. He also held senior credit and risk management roles with BNP Paribas Leasing Solutions, RBS Asset Finance, Heller Financial, and US Leasing.
CG was acquired by funds controlled by Atalaya Capital Management LP in 2016. Following the acquisition, CG expanded its credit facilities, dramatically increased balance sheet funding capacity, and continues to aggressively expand its origination platform to include direct, vendor, broker, bank/lessor, and private equity backed companies. Both CG and Atalaya view the expansion of this division as an important contributor to CG’s evolution and future growth.
”Rick is a key addition to our team, and he will be an instrumental figure in CG’s on-balance sheet growth initiatives. He not only brings a wealth of experience in structuring and underwriting asset financings in the sub-investment grade area of the market but also a growth-oriented mindset, which will enable CG to build a credit organization that addresses the unique and dynamic requirements of this market segment”, said Michael Gay, EVP and General Manager.
Added W. Scott McCullum, President of CG Commercial Finance, “We are extremely pleased to have Rick join the team. Rick is foundational to the continued growth in our credit department, and we look forward to him providing a meaningful contribution to the enterprise”.