Encina Lender Finance Bolsters Senior Management Team With Three Promotions and Two Key New Hires

Atlanta, GA and San Francisco, CA - October 10, 2024 - Encina Lender Finance, LLC ("ELF") announced today several senior executive promotions and key new hires to support the company's next stage of growth.

The promotions are as follows:

• Geoff Beard - Chief Executive Officer & Chief Investment Officer: Geoff joined ELF in June 2024 as Co-CEO to lead the firm's Consumer/SMB Vertical. In his new expanded role as CEO and CIO, Mr. Beard will have responsibility for ELF's investment, credit risk, asset management, operations and finance functions. He spent the previous 25+ years working at the intersection of specialty finance and fintech, both as a principal investor and investment banker. His principal investment experience spans asset-backed credit facilities, forward flow asset purchase programs and preferred equity / convertible debt across the consumer credit, small business credit, secured real estate credit, point-of-sale finance, and student lending sectors both in the U.S. and numerous foreign jurisdictions.
• Joe Ressa - Chief Financial Officer & Chief Operating Officer: Joe joined ELF in October 2023 as the firm's CFO. In his new expanded role as CFO and COO, Mr. Ressa will have responsibility for ELF's finance and operations functions, including accounting, reporting, FP&A, tax, treasury and borrowing base management. He has held a wide range of executive level positions during his 30+ years in the commercial and consumer finance industries at companies that include GE Capital, Synchrony Financial and White Oak Credit Services.
• Jeff Carbery - Managing Director, Co-Head of Asset Management: Jeff joined ELF in April 2023 as Managing Director, Risk for the firm's Commercial Vertical. In his new role, Mr. Carbery will co-lead ELF's Asset Management function, which includes monitoring asset-level and enterprise-level covenant compliance, tracking broader enterprise-level financial trends at the originator/servicer, and overseeing all modifications to underlying documentation in coordination with the Investment and Credit Risk teams. Mr. Carbery has 35+ years of experience in lender finance and asset-based lending, including as Group Head for Commercial Lender Finance at Texas Capital Bank as well as various senior marketing and risk roles at Wells Fargo Lender Finance.

  In addition to these promotions, ELF also announced today the following significant new hires:

• Neha Banthia - Chief Risk Officer: As Chief Risk Officer, Neha will lead ELF's Credit Risk function, which is responsible for conducting rigorous asset-level collateral analysis in support of new investments as well as post-close surveillance of existing investments. In her capacity as Chief Risk Officer, Ms. Banthia will serve as a voting member of ELF's Investment Committee. She honed her tradecraft via leadership roles at top specialty finance asset originators, where she adeptly balanced risk and returns by developing and implementing credit & pricing policies, marketing strategies, and competitive benchmarking. Most recently, Ms. Banthia served as VP, Head of Lending at Rocket Loans and Director, Head of Personal Loans at Avant. Neha will be building out her credit risk and data science team with additional hires over the next several quarters.
• Chris Pickett - Principal, Co-Head of Asset Management & Infrastructure: Alongside Mr. Carbery, Chris will co-lead ELF's Asset Management function. In addition, Mr. Pickett will be responsible for implementing cutting-edge technologies that will streamline pre-closing collateral and transaction analysis and post-closing investment surveillance. Mr. Pickett spent the previous 10 years at BlackRock, where he helped develop and deploy a wide range of commercial analytical solutions for third-party clients of Aladdin, the firm's industry leading enterprise investment and risk management platform.

ELF also announced today that Edward Chang, who previously served as the firm's Co-CEO with responsibility for the Commercial Vertical, has transitioned into a Senior Advisor role.

In connection with these announcements, Andrew Salter, Chairman of ELF, said, "We are excited to promote Geoff Beard, Joe Ressa and Jeff Carbery into expanded leadership roles with increased responsibility at an important inflection point in our growth trajectory. We are also thrilled to have attracted such high caliber executives as Neha Banthia and Chris Pickett to join our already talented team. Finally, we are grateful to Edward Chang for the significant contributions he has made in helping us scale our platform, and we are pleased that he will continue to work with us in a Senior Advisor capacity."

About Encina Lender Finance
Operating from both coasts, ELF offers revolving lines of credit, delayed draw term loans, and forward flow purchase programs ranging in size from $50 - $150 million to emerging and established specialty finance companies with strong junior capital sponsorship across a wide range of short-to-intermediate duration asset classes in the consumer and commercial finance sectors. Targeted consumer asset classes include unsecured installment and revolving loans (direct-to-consumer and point-of-sale), secured vehicle finance, home improvement, rent-to-own/lease-to-own, debt consolidation loans, and student lending (in-school vocational, refi). Targeted commercial asset classes include small balance SMB lending (both direct-to-business and embedded point-of-sale), merchant cash advance, small-ticket equipment finance, corporate charge card, earned wage access, and supply chain/trade finance. In addition, ELF provides streamlined "first-out" financing to other like-minded private credit investors in the specialty finance sector. ELF utilizes a combination of cutting-edge technologies and rigorous collateral-level analysis to generate differentiated investment insights and to formulate creative solutions to its counterparties' portfolio and enterprise financing needs. For additional information, please visit ELF's website at: https://lenderfinance.encinacapital.com.