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Crystal Financial Announces Promotions, Expansion of Business Development Team

February 04, 2020, 09:10 AM

Crystal Financial, a provider of direct private credit solutions for middle market businesses, announced the following promotions and new hires to its team:

  • Mirko Andric was promoted to Senior Managing Director. Andric has been with Crystal since 2011 and is an integral member of the firm's investment team. In his role, Mirko is responsible for structuring and underwriting new investments, as well as managing aportfolio of existing investments. He also oversees the firm's Associate level employees. Prior to joining Crystal, Mirko worked in similar credit roles at RBS Citizens, N.A., Freeport Financial LLC, Bank of Tokyo-Mitsubishi, and Banca di Roma.
  • Cheryl Carner was named Senior Managing Director - Head of Originations. Carner joined Crystal in 2011 to focus on business development and the firm's marketing strategy. In addition to her direct responsibilities for sourcing and structuring new debt transactions, she also manages the development and implementation of the firm's marketing strategy. Previously, she was a SVP at GE Franchise Finance and a Managing Director at Capitalsource leading the Retail & Consumer vertical. Her career began in the asset-based lending sector at Fleet Retail Finance.
  • Case Fedor was elevated to Director. Fedor has recently joined the originations team after spending 4 years in Crystal's underwriting & portfolio group. In his new role he will cover a wide variety of referral sources throughout the Southeast including investment banks, lenders, private equity sponsors and other advisors. Prior to joining Crystal, Case was an Associate at SunTrust Robinson Humphrey within their corporate and investment banking division.
  • Jared Grigg was named Managing Director. Grigg will be responsible for sourcing and structuring new secured debt investments on the West Coast from Crystal's newly established San Francisco office. He brings over two decades of credit experience including originating, underwriting and managing asset-based and cash flow leveraged loans for private equlty and corporate clients. Previously, he spent eight years at and was a founding member of direct lender Comvest Credit Partners. He also was part of the investment team in the financial sponsors and leveraged finance investment banking divisions of both UBS Securities and Deutsche Bank Securities.
  • Tyler Harrington was appointed Managing Director. Harrington will become a Business Development Officer on the Originations team focused on the Northeast, Mid-Atlantic and Mid-West. During his l0-year tenure at Crystal he has played an integral role in underwriting new investments to both private equity backed and non-sponsored middle market companies in a variety of industries. He also actively managed a portfolio of secured debt investments. Before joining Crystal, Tyler held various roles at Cambridge Associates, a leading global investment firm that helps its clients implement and manage custom investment portfolios.
  • Michael Russell was named Director. Russell joined Crystal in 2013 and is responsible for the evaluation, structuring, and execution of new transactions as well as managing a portfolio of secured debt investments. Michael joined Crystal after holding various direct lending roles at Hercules Capital, a BDC providing growth capital to venture and private equity backed companies, Consilium Partners and GE Asset Management.
  • Rebecca Tarby was promoted to Senior Managing Director. During Tarby's 14 years at Crystal, she has focused on structuring and underwriting new debt investments in the middle market to public and private companies (both non- sponsored and sponsored) across a variety of industries and for various purposes, including reorganizations and other special situations. In addition, she supervises the firm's Associates and also actively manages a portfolio of secured debt investments. Prior to joining Crystal, Rebecca held various roles in corporate lending and mergers & acquisitions advisory for Fleet Bank, Comerica Bank and Grant Thornton.

"These additions will position the organization team to deliver comprehensive coverage across the U.S., Canada and select international markets with innovative secured debt products across a wide range of industries including consumer/retail, specialty finance, business services and industrials," the company said.

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