MANAGEMENT TEAM

Mindi H. McClure, Managing Principal

Ms. McClure joined The Bear Companies in 2006 to expand the firm’s capabilities in and relationships with financial services companies. She provided origination and deal support and analysis on numerous fixed income transactions for financial institutions including residential and commercial mortgage finance companies. She founded MHM Capital in 2008 to address the growing needs of private sector clients and government agencies following the financial services crisis. She has been instrumental in securing MHM Capital’s award of numerous government and private contracts providing loan valuation and due diligence services. Including structuring seller financing to facilitate the sale of $1.7 billion of loans held by a government agency.

Following the credit crisis, Ms. McClure provided transactional support and oversight on four bank holding company restructuring transactions with corporate obligations exceeding $500 million. These complex transactions included discussions and negotiations with bank management, bondholders, trustees of collateralized debt obligations, holders of various classes of CDO debt, corporate debt holders, the FDIC and the U.S. Department of the Treasury.

She previously spent fifteen years at Friedman Billings Ramsey where she was most recently a Senior Managing Director of FBR’s Financial Services investment banking practice. During her career, she has completed approximately $9 billion of capital markets and advisory services transactions for banks and other financial services companies. She was instrumental in developing FBR’s financial services investment banking practice and was responsible for developing and managing many of the firm’s most important client relationships and executing innovative transactions on their behalf.

Her transaction experience includes the best performing IPO in the US in 2003 and numerous bank management lift-outs and capitalizations. In addition, she was instrumental in some of the most complex bank and thrift restructurings and recapitalizations completed in the early 1990s. These transactions included investor rights offerings and common stock; non-cumulative-perpetual preferred and trust preferred stock; and subordinated and senior debt offerings structured to meet specific regulatory capital targets while limiting adverse tax consequences and enhancing investor returns.

She serves on the Board of Directors of the Bank of Georgetown in Washington, DC. She received a B.A. in English Literature from The University of Richmond.


703-894-6011
mmcclure@thebearco.com
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Jeff M. McClure, Managing Principal

Mr. McClure founded The Bear Companies* in 2002 to provide financing and advisory services to real estate and financial services companies through the debt, equity and structured finance markets. Under his direction, the firm has provided over $1.5 billion of capital to its target sectors; completed $800 million of restructuring transactions; and provided due diligence and loan valuation services on $2 billion of bank loan portfolios for government agencies and private sector clients.

In 2005, Mr. McClure lead The Bear Companies’ creation and capitalization of Kodiak Funding, LP through a strategic joint venture. Kodiak was created as a CDO manager focused on investing in corporate real estate and finance company obligations. He lead the completion of two equity capital raises totaling over $250 million and two CDO transactions with total proceeds of over $1.5 billion. While The Bear Companies’ primary role was underwriting and structuring collateral, Mr. McClure also directed Kodiak’s interface with credit rating agencies, monoline insurers, warehouse lenders, investment banks and domestic and international investors.

Following the credit crisis, Mr. McClure lead The Bear Companies’ push into corporate restructuring. His efforts have resulted in The Bear Companies’ role as dealer manager in over $500 million of bank holding company debt restructuring transactions and $300 million of non-bank finance company restructuring transactions. These complex transactions included discussions and negotiations with bondholders, trustees of collateralized debt obligations, holders of various classes of CDO debt, corporate debt holders, the FDIC and the U.S. Department of the Treasury. In addition, he has led the firm’s effort in developing its loan review and valuation practice, which has completed loan review assignments on over $1 billion of bank loan portfolios.

Prior to founding The Bear Companies, Mr. McClure spent five years at Friedman Billings Ramsey, serving most recently as a Managing Director in the Real Estate Investment Banking Group. While at FBR, Mr. McClure raised over $4 billion of debt and equity for real estate investment trusts and real estate companies through public offerings and private placements.

Prior to joining FBR, Mr. McClure held management positions with the RER Financial Group, FDIC, FSLIC, and FHLMC (Freddie Mac). Mr. McClure was responsible for the resolution of troubled complex financial instruments including mortgages, securities, and equity interests. Mr. McClure also was involved in the management and resolution of numerous failed financial institutions and their various subsidiaries and other interests. Mr. McClure received his Juris Doctor with Distinction from the George Mason University School of Law and is a member of the Virginia bar. Mr. McClure received his B.B.A. in Finance from Texas A&M University.

* And its predecessor companies


703-894-6002
jmcclure@thebearco.com
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* And its predecessor companies

Harry J. Devens, Managing Principal

Mr. Devens co-founded The Bear Companies* in 2002 to provide financing and advisory services to real estate and financial services companies through the debt, equity and structured finance markets. Since that time, the firm has provided over $1.5 billion of capital to its target sectors; completed $800 million of restructuring transactions; and provided due diligence and loan valuation services for government agencies and private sector clients on portfolios for banks with total loan assets of $35.4 billion.

In 2005, Mr. Devens helped create and became President of Kodiak Funding, LP, a CDO creator and manager focused on investing in corporate real estate and finance company obligations. With Mr. Devens as President, Kodiak completed two equity capital raises totaling over $250 million and two CDO transactions with total proceeds of over $1.5 billion. Mr. Devens led the Bear Companies’ affiliated broker-dealer’s efforts in originating and structuring new collateral and he regularly interfaced with rating agencies, monoline insurance providers and investors.

Following the credit crisis, Mr. Devens headed up The Bear Companies’ push into advising financial institutions on managing and restructuring their corporate debt. He has directed TBC’s efforts as dealer-manager in over $500 million of bank holding company debt restructuring transactions and $300 million of non-bank finance company restructuring transactions. These complex transactions included discussions and negotiations with bondholders, trustees of collateralized debt obligations, holders of various classes of CDO debt, corporate debt holders, the FDIC and the U.S. Department of the Treasury. In addition, he has been instrumental in developing the firm’s loan review and valuation practice, which has completed loan review assignments on over $1 billion of bank loan portfolios.

Prior to TBC, Mr. Devens spent five years in the Real Estate Investment Banking Group of Goldman Sachs in New York. At Goldman, Mr. Devens specialized in structured real estate debt origination and securitization. He was actively involved with secured, fixed- and floating-rate debt transactions totaling more than $5 billion, including Rockefeller Center (the largest U.S. single-asset transaction up to that time), Cal West (the largest industrial portfolio transaction at that time), and several complex pooled-loan transactions (smaller-balance conduit securitizations).

Before joining Goldman, Mr. Devens was an Associate with RER Financial Group in Virginia, providing financial analysis for both private and public real estate transactions and helping Wall Street firms establish conduit or large-balance securitization programs.

Mr. Devens received his Juris Doctor from the George Mason University School of Law and is a member of the Virginia bar. Mr. Devens received his B.A. in Political Science from Colgate University.

* And its predecessor companies


703-894-6001
hdevens@thebearco.com
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* And its predecessor companies