Atlanta, GA (PRWEB) February 17, 2011
The founding members of Telfair Capital are thrilled to announce the launch of their premier credit-based investment vehicle -- Telfair Capital Small Business Asset Fund (TSBAF). Designed to be a non-correlating compliment to any investment portfolio, this Fund seeks to perform in today's challenging credit environment. TSBAF is the first in a series of credit-monetizing funds that the firm intends to bring to market.
By utilizing the business cash advance facility, the TSBAF will be able to provide qualified companies with working capital and investors with attractive returns on these advances. Business cash advances are similar to traditional invoice factoring, however, future credit card receipts are factored rather than business-to-business invoices. Often, business cash advances are used by businesses to enable them to purchase new equipment or inventory, to expand or remodel, pay off debts or taxes, or for additional working capital. The Business cash advance industry has been growing rapidly in recent years as the credit crisis has resulted in many businesses being unable to obtain financing through conventional means such as banks or commercial finance companies. According to Bloomberg Business Week (January, 2009), while business cash advances remain a “niche product,” some analysts are projecting that the industry may experience growth in the double digits, possibly reaching $10 billion in advances in the next few years.
"At Telfair Capital, we view business cash advance almost as its own unique asset class, in that the Fund monetizes the need for capital by businesses nationwide and provides a high return, diversified investment vehicle when positioned alongside more traditional investments in an investment portfolio," says Bill Wade, Co-Founder and Partner of Telfair Capital. "So many strong companies are having difficulty obtaining working capital in the current market environment. The TSBAF strategy can potentially serve as a supplement to cash, as well as providing superior diversification."
While the investment fund product was recently launched, the business cash advance business was successfully managed and sold, for three years, at Greystone Business Resources by Telfair Captial partner, Jeannette Nearing. Founded in 2010, Telfair Capital LLC is the Manager to the Telfair Small Business Asset Fund. The firm's three Founders, long-time friends and colleagues, collectively have more than 50 years of professional investment experience, including product development, ISO relations, and investment sales and marketing.
Bill Wade has a long history of creating and selling business value. Mr. Wade was President of Sage Payment Solutions from February 2006 until January 2008, after which he was promoted to Vice Chairman. Prior to the acquisition of Verus Financial Management by Sage Software, Mr. Wade served as Executive Vice President (President effective 2005), corporate secretary and board member for Verus Financial Management, Inc, a merchant services business that specialized in credit card and check processing solutions for small to medium-sized businesses. Verus and its subsidiary operations processed in excess of $8 billion in transaction settlement activity annually prior to the acquisition by Sage Software for $325,000,000. Mr. Wade merged Network 1 Financial as the platform company for Verus's operations and also served as Chairman and CEO of Network 1 Financial, a payment processing company he founded in 1989. Mr. Wade assisted in raising in excess of $85,000,000 in venture capital and debt financial between 2000 and 2006 for Network 1 and Verus Financial Management prior to the sale of Verus. Mr. Wade spearheaded the Verus negotiations with Sage Software leading to the company's acquisition by Sage in February 2006.
"We believe that what we've been able to create is a low-risk, diversified solution that gives investors an alternative to turning other income funds, and provides a true, short-term investment vehicle that actually thrives upon credit market instability," says Donald McGraw, Co-Founder and Managing Partner at Telfair Capital LLC. "Our goal for the firm is the same -- to continue to provide our investors with education, resources and investment strategies that will help them to not only better understand the business cash advance as a concept and an investment strategy, but to also embrace it."
ABOUT TELFAIR CAPITAL, LLC
Founded in 2010, Telfair Capital LLC, is the manager for the Telfair Small Business Asset Fund. The Firm seeks to create and distribute investment strategies that harness the benefits of tightened lending requirements from traditional lenders and delivers working capital solutions to help businesses on main street thrive and grow.
For more information on the Telfair Small Business Asset Fund, or to speak with either Bill Wade or Donald McGraw, please contact Donald McGraw at 888.273.0805x103 or dmcgraw(at)telfaircapital(dot)com
Investment Funds involve risk including the possible loss of principal. Investors should carefully consider the investment objectives, risks, charges and expenses of Telfair Small Business Asset Fund. This and other important information about the Fund is contained in the offering circular, which can be obtained by calling 888-273-0805. The offering circular should be read carefully before investing.