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DennyCrane550

03/23/16 7:12 PM

#6709 RE: DennyCrane550 #6708

Looks like IA Capital (Board Member - of Syncora seems to be helping source the deals thru his firm IA Capital / did the Credit Sesame)& Syncora invested $4m

https://www.crunchbase.com/person/robert-m-lichten#/entity
https://www.crunchbase.com/funding-round/e3c6277490b72c9071ef58f53ce9f2ab

Overview
UPDATE
Funding Type:
Venture
Series:
Series B
Money Raised:
$4M
Announced On:
February 12, 2016

Closed On:
February 12, 2016
Investors:
IA Capital Group; Syncora

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Robert M. Lichten
Co-Chairman @
IA Capital Group
Gender:
Male
Location:
Unknown
Person Details
UPDATE
Robert M. Lichten has been Co-Chairman of Inter-Atlantic Group since 1994 and is a member of Inter-Atlantic Group’s investment committee. He also served as Co-Chairman of Guggenheim Securities LLC, Inter-Atlantic Group’s former broker-dealer operation, until 2003. From 2007-2009, Mr. Lichten was also a Director of special purpose acquisition company Inter-Atlantic Financial, Inc. Previously, Mr. Lichten was Managing Director at both Smith Barney Inc. and Lehman Brothers Inc., where he concentrated on capital raising and providing merger and acquisition advisory services to financial institutions. Mr. Lichten was also formerly Executive Vice President of The Chase Manhattan Bank. During his 22 years at Chase he was a senior corporate banker and was in charge of worldwide capital planning. Mr. Lichten also served as Chief of Staff of the Asset-Liability Management Committee and President of The Chase Investment Bank. As President, he was responsible for all swap and derivative products, corporate finance, private placements, leasing, loan syndications and merger and acquisition activities. Mr. Lichten is a Director of Inter-Atlantic Group portfolio company SeaPass Solutions, Inc. In addition, he currently serves as a Director on the Board of Syncora Holdings Ltd. and its subsidiaries Syncora Guarantee Inc. and Syncora Capital Assurance. He is a former trustee of Manhattan College, a former Director of Annuity & Life Re (Holdings), Ltd. and a former Director and President of the Puerto Rico USA Foundation, a cooperative effort between the Commonwealth of Puerto Rico and numerous multi-national corporations. Mr. Lichten holds a B.S. in Chemical Engineering from Manhattan College and an M.B.A. from New York University. He served as a Lieutenant in the United States Air Force and received the Air Force Commendation Medal for his work in solid rocket propulsion systems.


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Funding Rounds (5) - $265.3M
UPDATE
Date Amount / Round Valuation Lead Investor Investors
Feb, 2016 $4M / Series B —
IA Capital Group, Syncora
1

Jul, 2015 $250M / Debt Financing — — 0
Mar, 2015 $7M / Debt Financing — — 0
Aug, 2014 $2M / Debt Financing — — 0
Aug, 2014 $2.3M / Series A — — 0