Advisors

Richard M. Starke

Advisor

Contact Info

Title: Managing Partner
Phone: (305) 755 0374
Fax: (305) 755 0375
Email: rstarke@banyaninvestors.com
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Richard has management responsibility for a number of portfolio investments and is involved in all aspects of fund management, due diligence and origination. His responsibilities include the origination, underwriting and structuring of a number of portfolio investments. Proceeds from these investments are largely used to finance mergers and acquisitions, provide growth capital or fund general corporate purposes. The underwriting process included in-depth due diligence, risk assessment, financing alternatives, market research and legal documentation. As part of the on-going monitoring of these portfolio company investments, Richard is an active board member at a number of companies and provides each company’s management team with constructive feedback regarding short and long-term strategies, capital requirements, optimal financing structures and strategic alternatives.

Prior to Banyan Fund I and from July of 1996 through August of 2001, Richard was a Managing Director in Bank of America’s Miami based Global Corporate and Investment Banking Group. His responsibilities included the origination, underwriting and structuring of approximately $5.0 billion of syndicated senior credit facilities to primarily low or below investment grade corporate clients Prior to this period, he spent four years with NationsBank in Baltimore, MD where he originated, underwrote, structured and monitored approximately $500 million in senior loans to primarily privately held middle market companies based in the mid-Atlantic, with a concentration of radio, television and newspaper and publishing clients. From 1989 through mid-1992, Richard held various officer level positions in the Media, Telecommunications and Leveraged Finance Group at Shawmut Bank, N.A. in Hartford, CT. During his tenure in this group, he originated a corporate loan portfolio of approximately $350 million and actively traded corporate loans to leveraged borrowers that were selling at a discount due to HLT designation by Federal Reserve guidelines. Prior to joining this group, Richard completed Shawmut Bank’s two-year comprehensive training program.

In addition to his underwriting, structuring and monitoring duties while working for Bank of America, NationsBank and Shawmut, Richard gained substantial work-out experience having negotiated over 15 complex loan restructurings with borrowers in the radio broadcasting, outdoor advertising, publishing, hospitality services, retailing, security monitoring, and waste management industries as well as troubled roll-up strategies. In conjunction with the majority of these troubled debt restructures, the banks received a combination of warrants and cash exit fees generating significant income following the orderly liquidation of these loans.

Richard received a Bachelor of Science in Business Administration with a double major in Finance and Marketing from The E. Claiborne Robins School of Business at The University of Richmond.


James W. Davidson

Advisor

Contact Info

Title: Senior Advisor
Phone: (305) 755 0372
Fax: (305) 755 0373
Email: jdavidson@banyaninvestors.com
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Jim is a co-founding partner of Banyan and continues to serve as an advisor to the Funds.

Prior to co-founding Banyan, Jim was a General Partner of South Atlantic Private Equity IV, L.P., the oldest and most established venture capital firm in Florida. South Atlantic Fund IV became fully invested during 2001, and shortly thereafter, Jim met John Miller and Richard Starke, and the three of them co-founded Banyan Fund I.

Jim began his investment career in 1969, joining Goldman, Sachs & Co. in New York. During his last ten years at Goldman Sachs, he was responsible for developing investment banking relationships and transactions in the Southeast Region. During this time, he developed 40 important new clients, including many leading corporations headquartered in the region. Over the years at Goldman Sachs, he handled over 150 complex public and private equity and debt financings totaling almost $11 billion and over 30 merger and acquisition assignments.

Jim left Goldman Sachs in 1990 and moved to Miami to establish Davidson Capital Partners (NASD Member) which provided corporate finance and management advisory services to emerging growth companies and family-owned businesses. Davidson Capital Partners was active between 1991 and 1997. In 1991 Jim became a Director of a $3.5 billion troubled publicly traded thrift, American Savings & Loan, Miami, which at the time had a market capitalization of approximately $7 million. Shortly after joining the board, Jim was asked by the Board to become interim CEO. American Savings was successfully turned around and sold to First Union for over $250 million in 1994.

Past corporate directorships in addition to American Savings include: Equinox Systems, Inc. (NASDAQ) and private companies Disk Technologies, Applied Automation Techniques, and Accudocs, LLC. He was Chairman of the Board of the Florida Venture Forum in 1998 and was a Board member from 1995 to 2000. In 2004, was a founder of Coral Gables Trust Company, (state chartered) and has been Chairman since.

Jim received his MBA degree from the Wharton School of Business at the University of Pennsylvania and his BA degree from Vanderbilt University. He served as a First Lieutenant in the U.S. Army completing a one-year tour of duty in South Vietnam.