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“Diane Gearon is a Managing Director, Application Development at Balbec Capital. Ms. Gearon joined Balbec in June 2016 and is responsible for analyzing, designing and implementing custom Web applications and innovative solutions. Prior to joining Balbec, Ms. Gearon spent a long career at Max Recovery under both Bear Stearns and JP Morgan working in IT. Diane worked with some members of the management team at Max Recovery to define and design IT solutions to best meet the objectives of the business. Ms. Gearon holds a B.S. in Computer Science from Hofstra University.”

“Diego Meneses is an Executive Director, Capital Markets at Balbec Capital. Mr. Meneses joined Balbec in 2022 and focuses on capital markets transactions, financing facilities, and transaction oversight for residential mortgage investments. Prior to joining Balbec, Diego worked at Nomura where he primarily focused on residential mortgage securitization execution. Previously, he worked at Deloitte on their structured products advisory group. Mr. Meneses holds a B.B.A. in Finance with a minor in Actuarial Science from Georgia State University.”

“Eric Cho, PhD is a Managing Director, Engineering at Balbec Capital. Dr. Cho leads development of the firm’s proprietary due diligence and asset management technology platforms, and also oversees quantitative research for the firm’s mortgage business. Prior to joining Balbec, Dr. Cho worked for 5 years in financial services and alternative data industries. Within the financial services industries Dr. Cho was a senior researcher specializing in complex derivatives pricing models. Within the alternative data industry, Dr. Cho was a senior data scientist focused on alpha generation research using unstructured HR dataset. Dr. Cho earned a PhD in Finance from UCLA Anderson Graduate School of Management and a BA from Cornell University in Economics and Mathematics.”

“Eugene Caraus is the Director of Investment Accounting and Operations. Mr. Caraus manages the investments operations, valuations and treasury teams. Mr. Caraus brings over 20 years of experience in the structured credit products space, with expertise across buy-side platforms and middle and back office operational leadership in this space. He has broad multi-asset class investment management knowledge having built out and led operations teams. His most recent role was with Grandview Analytics, a boutique technology consulting firm. Prior to that he served as Director of Operations at HIG Capital, and Vice President of CLO management at Cerberus Capital Management. Mr. Caraus earned a Master of Science in Finance from Georgetown University and a BS in Finance from Eastern Illinois University.”

“With over $35 billion 1 deployed globally since our founding in 2010, we combine deep market insight with a disciplined, data-driven investment process to uncover value in complex, fragmented, and underserved credit markets. 1 As of March 31, 2026. Overview”

“Jay Bhatt is a Managing Director at Balbec Capital. Mr. Bhatt joined Balbec in 2021 and is a member of the firm’s Capital Formation Group. Prior to Balbec, Mr. Bhatt worked at Nomura, Sound Point, and BlackRock Credit in various business development and investor relations/product specialist roles. Mr. Bhatt holds a B.S. from the Pennsylvania State University (Smeal College of Business) and the CAIA designation.”

“Jeff Padden is a Founder and General Counsel of Balbec Capital. Mr. Padden is responsible for all legal matters, contracts and investor relations and business development in Asia for Balbec Capital. Prior to Balbec, Mr. Padden represented private and public companies in various corporate transactions throughout his legal career and has a long history of doing business in and representing clients internationally with a specific focus in Asia. His practice has focused on corporate law, venture capital and international transactions. He has been a Board or Advisory Board member of a variety of companies and has spoken at legal and business conferences on various corporate topics. He is a member of the American Bar Association, Business Law, and International Law sections. Mr. Padden holds a B.S. from the University of Virginia (with Distinction) and a J.D. from the University of Texas Law School (with Honors, Order of the Coif, Phi Kappa Phi).”

“Founded in 2010, Balbec is an SEC-registered global alternative investment manager, with offices in the United States and Europe. Balbec is a direct investor in residential and commercial mortgage loans at all stages of performance, mortgage servicing rights, and select consumer, SME, and alternative credit assets. Leveraging its proprietary technology and transaction management platform, Balbec efficiently executes highly granular transactions, enabling the firm to serve a broader range of counterparties and generate returns for investors by applying institutional execution standards to inefficient, underserved or fragmented markets. Balbec’s funds rank among the largest issuers of U.S. residential mortgage-backed securities (RMBS) through its PRPM shelf. The firm’s investments in agency mortgage servicing rights are sourced via its affiliate, Bungalow Funding . Balbec has invested in over 20 countries, selectively deploying capital into geographically and asset-diverse opportunities that exhibit attractive risk/reward profiles, upside potential, and substantial downside protection.”

“Matt Rosen is Balbec Capital’s Head of Real Estate Asset Management and a Partner of the firm. Mr. Rosen is also the Senior Managing Director of Balbec’s PRP Advisors subsidiary, and is responsible for system development, due diligence, servicer oversight and daily portfolio management in the US and European markets. Prior to joining Balbec and the PRP Advisors team in 2015, Mr. Rosen was a partner of Gemini Capital Managers. Previously, Mr. Rosen was a portfolio manager with Ally Financial/ResCap LLC where he oversaw the firm’s legacy whole loan portfolio and its sale to Berkshire Hathaway. This role included developing the firm’s approach to its obligations under the 2012 US DOJ/State Attorneys General National Mortgage Settlement. Mr. Rosen began his career in the mortgage industry in 2002 with a series of business development roles for GreenPoint Mortgage Funding. Prior to that he was a management consultant at ZEFER. Mr. Rosen holds a BA from Columbia University in Economics.”

“Nick ap Simon is a Managing Director at Balbec Capital based in London focused on capital raising efforts in Europe and the Middle East. Mr. ap Simon joined Balbec in 2024 as a member of the firm’s Capital Formation Group and has over 20 years of industry experience. Prior to Balbec, Mr. ap Simon worked at Nuveen, Cross Ocean Partners, Ashmore Group, and Partners Group in senior business development and product specialist roles based in both London and Dubai. Mr. ap Simon holds a B.A. in History from the University of Durham and an M.Sc. in Finance from London Business School.”

“Peter Troisi was appointed CEO of Balbec in April 2025 after having served as the firm’s President since 2023, he is also a partner of the firm. As CEO Mr. Troisi oversees all aspects of Balbec Capital and is a member of the Investment Committee. Since joining the firm at inception in 2010, Mr. Troisi has held a number of roles with increasing responsibilities and has been a key driver in building out the firm’s investment capabilities. Mr. Troisi initially worked with other Balbec partners at Max Recovery, a wholly owned subsidiary of Bear Stearns, from 2006 to 2009. Prior to joining Balbec, Mr. Troisi worked at PRA Group on their portfolio investment team. Mr. Troisi holds a B.S. in Economics from Siena College.”

“Peter Wordsworth is a Managing Director of Balbec Capital. Mr. Wordsworth is responsible for the management of the UK debt solutions portfolio for Balbec Capital. Prior to Balbec, Mr. Wordsworth served as Head of Insolvency and member of the senior management team at Stepchange the largest UK debt charity. Before that, he was Founder and CEO of Fairfax Solicitors which specialised in unsecured distressed asset management for the UK Government. A former Partner at Eversheds Sutherland Mr. Wordsworth is a qualified solicitor holding an LLB. degree from Newcastle University.”

“Philip Daniels is a Founder and Chief Investment Officer of Balbec Capital. Mr. Daniels is responsible for global pricing, analytics and portfolio management for Balbec Capital. Prior to Balbec, Mr. Daniels served as a Global Head of Pricing and Analytics at Max Recovery, a wholly owned subsidiary of Bear Stearns, where he managed the pricing of more than $1.5 billion of capital invested in insolvent and charged-off receivables in seven countries. Before that, he was an analyst in the risk management department at Bear Stearns, where he was overseeing credit risk to hedge fund counterparties. Mr. Daniels holds a B.A. degree from Columbia University, as well as a general course degree in mathematics from the London School of Economics.”

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“Ryan Singer is Balbec Capital’s Head of Residential Credit and a Partner of the firm. Mr. Singer joined Balbec in 2013 and is responsible for pricing and analytics of Balbec’s US and International mortgage investments. Mr. Singer holds a B.S. in Mathematics and a B.B.A. in Finance from Emory University.”

“Completed SFDR Sustainable Risk Finance Disclosure Regulation (Regulation (EU) 2019/2088 of the European Parliament and the Council) (the SFDR) Balbec Capital Management, LP makes the following disclosure in accordance with articles 3, 4 (1) and 4 (5) of the SFDR. At present, Balbec Capital Management, LP is not considering the aspects of, and therefore does not intend to make disclosures on, the adverse impacts of its (i) investment decisions and (ii) investment advisory activity regarding sustainability factors, as set out in Article 4 (1) b and Article 4 (5) b of the SFDR. This is because neither the size of the organization, the types of investments selected, made or advised by Balbec Capital Management, LP, nor the current nature of the investment strategy of Balbec Capital Management, LP appear to be relevant with respect to these factors. Balbec Capital Management, LP may decide to take into account adverse sustainability impacts and make disclosures in this respect in the future in the event that any of the underlying facts, assumptions, interpretations, regulations change or if there is a shift in its investment strategy. DISCLAIMER This website and the information contained herein is for informational purposes only and does not constitute a complete description of investment services or investment funds. Nothing in this website is intended as investment advice. The information contained on this website is neither an offer to sell nor a solicitation of an offer to purchase any securities. Such an offer will only be made to qualified investors by means of a private offering memorandum and related subscription documents and only in those jurisdictions where permitted by law. All non-US offices listed are offices of Balbec Capital LP affiliate entities and/or branch/advisory offices of such affiliates. Balbec Asset Management, is a French asset management company headquartered in Nice and authorized by the Autorité des marchés financiers to provide investment advice. Balbec has not reviewed unaffiliated sites which may be linked to this site, if any, and is not responsible for the content of off-site pages or any other site linked or linking to the site. Browsing of any off-site pages or other sites is at your own risk. Balbec makes no representations whatsoever about the opinions of any third-party appearing on a linked site, neither regularly monitors nor has control over the contents of such sites, and does not endorse, and disclaims all responsibility for, the content of such statements or websites. Under no circumstances, will Balbec Capital LP nor any of its partners, employees, affiliate entities or other representatives be liable for damages arising out of or in connection with the use of this website. This comprehensive limitation of liability applies to all damages of any kind, including (without limitation) compensatory, direct, indirect or consequential damages, loss of data, income or profit, loss of, or damage to, property and”

“Prior to joining Balbec Capital, Warren Spector was President and co-Chief Operating Officer of the Bear Stearns Companies, Inc. from 2001 to 2007. He joined the Mortgage Department of Bear Stearns in 1983 when its revenues were under $1 million per annum and grew that business to $2 billion. In 1993, he started the Global Derivatives Department and grew that business to over $1 Billion. He was named to the firm’s Management Committee in 1990 and the Executive Committee in 1992 (at age 34). Mr. Spector was Head of Fixed Income beginning in 1990 and, in that capacity, oversaw the Max Recovery business from its inception, working closely with Mr. Rusbasan and the team as the business invested nearly $3 billion of proprietary capital. Mr. Spector was named President and co-Chief Operating Officer in 2001 and in that capacity oversaw all Sales, Trading, Clearing and Prime Brokerage business at the firm. He was Chairman of the Bond Market Association from 2001 to 2002 and during his tenure worked with the SEC, United States Treasury and the White House to reopen the market for US government debt within forty-eight hours of the September 11, 2001 tragedy. Mr. Spector holds a Bachelor of Arts from St John’s College and a Masters of Business Administration from the University of Chicago. Customize Reject All Accept All ✖ ... Show more ► Necessary Cookies Standard Necessary cookies enable essential site features like secure log-ins and consent preference adjustments. They do not store personal data. None ► Functional Cookies Remark Functional cookies support features like content sharing on social media, collecting feedback, and enabling third-party tools. None ► Analytical Cookies Remark Analytical cookies track visitor interactions, providing insights on metrics like visitor count, bounce rate, and traffic sources. None ► Advertisment Cookies Remark Advertisement cookies deliver personalized ads based on your previous visits and analyze the effectiveness of ad campaigns. None ► Unclassified Cookies Remark Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies. None Reject All Save My Preferences Accept All”

“Commercial Real Estate Loan Miami, FL”

“Commercial Real Estate Loan Miami, FL”

“Commercial Real Estate Loan Miami, FL”

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