PAST ENGAGEMENTS

Federal Deposit Insurance Corporation
VRG was the General Partner and Special Servicer on a $63 million portfolio of troubled land loans. VRG liquidated the entire portfolio and generated a 35% annual return to its partners over 4 years.

For the past 14 years, VRG has managed a collection partnership with FDIC, where by it has liquidated over $1 billion in financial claims. VRG liquidated a $200 million distressed commercial loan and real estate portfolio for the RTC (Resolution Trust Corporation) achieving the highest percentage return among 20 SAMDA (asset management) contractors. Also, VRG principals managed and conducted the termination and dissolution of a portfolio of 265 thrift subsidiaries and their investments for the RTC.

InterAmerican Development Bank
VRG advised the IDB on the conditionality and safety and soundness standards for the Central Bank of Barbados and its national banks.

Central Bank of Suriname
VRG advised on the conditionality, safety and soundness standards, and developed asset management and disposition strategies for the Bank.

Ohio Department of Commerce
VRG’s founder evaluated and made restructuring recommendations to all 10 divisions of the Ohio Department of Commerce under then Governor (now U.S. Senator) George Voinovich. Those recommendations were instrumental in the department's consolidation and reorganization which also led to the identification of $11 million in annual savings.