Indigo Asset Management, LLC Announces June 2012 Deal Closings and New Hires

SCARSDALE, N.Y., June 22, 2012 /PRNewswire-iReach/ -- Indigo Asset Management, LLCannounced today that it has completed the purchase of $14 million in new assets from a southeast regional bank. The assets represent a mix of regional sub-performing and non-performing C&I and Commercial Real Estate loans, backed by hospitality, retail and office properties. The purchase reflects Indigo's commitment to growth through investments in senior lien middle market commercial loans with a high potential of near-term restructuring.

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Indigo Asset Management has also announced two recent hires: Mr. Victor Nowicki as Marketing Director, and Mr. Joseph Savarese as VP - Underwriting and Asset Management.

Mr. Nowicki will lead Indigo's marketing and origination efforts targeting the US debt-seller market including national, regional and local banks, and intermediaries such as restructuring advisors, brokers, attorneys or accountants. Mr. Nowicki has over 20 years of multifaceted experience in the financial sector. He has recently worked as a mid-market advisor and a commercial debt underwriter with several debt funds. Prior to that, he held senior business development roles with JPMorgan Chase, GE Capital and GMAC/RFC where he managed growth initiatives through acquisitions, investments and non-strategic divestments. Mr. Nowicki has an MBA in Finance from the NYU's Stern School of Business, an MS in Logistics from MIT and a BS in Civil Engineering from Columbia University.

Mr. Savarese comes to Indigo with 10 years of underwriting experience in the alternative debt/investment space and will play a key role in managing Indigo's investment portfolio. Mr. Savarese is a CFA charterholder and has an MS in Finance from Boston College's Carroll School of Business and a BS in Finance from Bentley University.

Indigo Asset Management, LLC (www.indigoassetmanagement.com) is an alternative debt fund with offices in New York and in Seattle, WA. It invests in middle market senior lien commercial loans, $5MM or larger, collateralized by a wide range of commercial real estate, working capital and industrial assets. The fund differentiates itself mainly through investments in "loan-to-restructure" situations where borrowers can be stabilized through an ultimate restructuring allowing the fund to exit through orderly refinancings. Indigo has been an active purchaser of senior lien notes since its inception in 2005. It is funded by Indigo's principals and strategic institutional partners.

Any questions or business inquiries should be directed to Mr. Nowicki at (914)-713-8156 (office) or [e-mail] (email).

Media Contact:

Victor Nowicki Indigo Asset Management, LLC, [phone], [e-mail]

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SOURCE Indigo Asset Management, LLC