Formerspecialty finance investment banker Dominic Capolongo has joined Atlanta-basedPrimeRevenue Inc., a company that runs supply-chain finance programs.
Capolongois an executive vice president and head of global funding for PrimeRevenue. Previously,he was a managing director with FBR & Co., and before that he with , which to FBR in 2015.
Partof PrimeRevenue's aim is to reduce clients' supplier expense by providing themwith financing options from lenders and other resources. Capolongo's role is tocontinue building relationships with funding partners and develop new financingavenues.
Thecompany is working on a capital markets product to securitize assets. Capolongosaid PrimeRevenue hopes to issue notes from the securitization vehicle in 2017.
Inthe 1980s, Capolongo worked on supply-chain finance securitizations with thelaw firm Hawkins Delafield & Wood LLP. Later, he moved into investmentbanking and worked at companies including Donaldson Lufkin & Jenrette andRBC Capital MarketsLLC.
PrimeRevenueCEO PJ Bain said Capolongo's experience made him an ideal candidate to lead thecompany's funding program. Bain noted that his first meeting with Capolongocame earlier in 2016 when Capolongo was with FBR.
"Iwas looking for partners to grow PrimeRevenue and met with Dominic to discussvarious global financial strategies," Bain said in an emailed statement.
Therelationship led to Capolongo joining the company. Capolongo noted that most ofPrimeRevenue's funding partners are large financial institutions, but investorssuch as pension funds and insurance companies have interest in the assetsclass.
"Inthis low interest rate environment, the assets we generate provide a nicereturn with a very low default rate," Capolongo said in an interview.