In May 1992, Bristol Capital entered into a joint venture with the Washington, D.C. based law firm of Bayh, Connaughton, Fensterheim & Malone known as The Farragut Group. The Farragut Group has provided advisory services to investors acquiring assets or compromising indebtedness controlled by the RTC, the FDIC and other financial institutions. Since inception, the Farragut Group has successfully advised acquirers of over $650 million in RTC and FDIC assets. For more information on The Farragut Group visit our website, farragutgroup.com.
In April, 2005 Bristol Capital was retained by the Receiver for Western United Life Assurance Company, a $1.5 billion institution controlled by the Office of the Insurance Commissioner for the State of Washington. Bristol Capital’s responsibilities included managing WULA’s $750 million portfolio of real estate assets on an interim basis and the engagement of a Special Servicer to manage the portfolio on a long term basis. In the first six months of its engagement, Bristol Capital resolved more than $75 million of defaulted assets.
Bristol Capital has had an ongoing advisory relationship with Clark Realty Capital (an affiliate of Clark Construction Group) since 2004. The scope of this relationship has included support and guidance on a number of tax, development, strategy, and finance matters.
From 1990 to 1991, Bristol Capital was retained by Perpetual Savings Bank to perform valuation, marketing, and disposition services for Perpetual’s joint venture portfolio. On behalf of Perpetual, Bristol Capital: i) valued over 40 assets with a gross asset value in excess of $400 million; ii) produced marketing materials utilized by Perpetual to market its assets; and iii) assisted in the negotiation and closing of various transactions.