Effective October 1, 2019, James B. Crystal was appointed Executive Chairman of the company. From 2013 to 2019, as a Managing Director at Tricadia Capital Management (now Corvid Peak Capital Management), Mr. Crystal was the portfolio manager principally responsible for Tricadias private equity investments in the financial services sector, overseeing funds with over $450 million in commitments and serving on various portfolio company boards. In this capacity, he identified and structured Tricadias investment in the Company in 2015 and has been a director of the Company since that time. Mr. Crystal continues to serve as the director designated by Tricadia and the Company does not currently have any independent directors serving on its board. Effective May 1, 2020, co-CEOs Ricardo Koenigsberger and Kenneth Witkin resigned from the company as officers and directors to pursue an opportunity with one of the company's funding partners. The company greatly appreciates their many years of service, including their work in building and managing the company's businesses, and wishes them well in their future endeavors.
CV Holdings, Inc. is a holding company for several finance-related businesses. The Company, through its subsidiaries, holds various types of investment assets, including loans receivable, finance leases and commercial Collateralized Debt Obligations (CDO) interests. The Company owns and operates a commercial real estate lending business through CV Capital Funding, LLC (CVCF); small ticket finance and leasing business through Centra Funding, LLC (Centra); a venture equipment finance and leasing business through VenSource Management, LLC (VenSource); and a residential nonperforming loan (NPL) servicer and asset manager through LongVue Mortgage Capital, Inc. (LongVue). The various operating businesses are owned by the Companyâs taxable real estate investment trust (REIT) subsidiary, RFC TRS, Inc. (TRS), while the portfolio investments are held through other subsidiaries outside TRS. The Companyâs primary businesses include CVCF, Centra and VenSource.