Heritage Global Inc. announced the launch of Heritage Global Capital, a new platform to provide specialty financing solutions to small- and medium-sized investors in charged-off and nonperforming asset portfolios and other asset-based classes.

As part of the launch, the Company recently hired David Paris and Don Hilbert to lead Heritage Global Capital. Mr. Paris has over twenty nine years of experience in the receivables management industry including founding Receivable Services of America and Zenith Acquisition Corporation, which he led to become one of the largest debt buyers in the industry. Most recently, Mr. Paris served as Chief Marketing Officer at CMAX, LLC, a specialty finance company focused on distressed asset markets. Mr. Hilbert brings seventeen years of experience in the consumer debt and specialty finance industries, including roles as founding partner and Chief Financial Officer of Flock Specialty Finance, a specialty lender providing capital to small and mid-size companies in the distressed consumer debt industry, and as a senior executive with Worldwide Asset Management, one of the top ten purchasers of charged-off consumer receivables in the U.S. Mr. Hilbert's prior experience includes roles in M&A, investment banking and public accounting.