Industry Heavyweight & Market Influencer Takes Place alongside Leading Legal Players
New York, NY (March 12, 2014) – The partners at BP Law Group, LLP, a national leader in default services, today announced the appointment of Shahid “Shad” Quraishi, Co-CEO and Co-Founder of Pelican Point Capital, as an Executive Advisor to the firm’s captive asset manager, Distressed Capital Management, LLC (“DCM”), Quraishi will serve alongside BP Law Group’s senior staff, including Managing Partner Matthew Browndorf, and have the opportunity to weigh in on key decisions relating to the asset management of DCM’s investment strategies.
BP Law Group commenced the formation of DCM in 2013 with the vision of purchasing and managing its own portfolios of Non Performing Loans alongside strategic partners. BP Law Group is the law firm responsible for managing and liquidating the portfolio for DCM. Lee Janc, a strategic executive with experience in the financial service sector including Lending, Secondary Markets and Asset Management, manages DCM. Browndorf and Quraishi will serve on DCM’s investment and advisory committees, respectively.
“This appointment is a very exciting opportunity for me, and I am thrilled to join an esteemed group of industry professionals,”said Quraishi. “Each member of the board has made significant contributions in the legal world. I know being a part of the board will allow me to contribute my experiences to their success.”
BP Law Group, LLP, known nationally for their impeccable and successful law practices, built its platform to tailor support to the unique needs of its many portfolio, merger and acquisition clients as they became industry leaders in the vertical. With decades of experience in commercial and residential Non Performing Loans, BP Law has built a national platform based on market drivers and innovation.
“We are confident that Shad will be a beneficial addition to our current Executive Board,” said Browndorf. “Our successes are made possible by the professionals who dedicate themselves to both the firm and the clients they serve. Shad’s expertise will help further enhance BP Law Group’s capabilities in serving DCM.”
About BP Law Group, LLP
In an economic climate where more and more individuals are defaulting on mortgages, credit cards, loans and other financial obligations, BP Law Group has in place proven processes to help clients recover overdue balances as quickly and effectively as possible. With hubs in California, Texas and New York, the firm provides debt collection and a wide range of other legal services from offices around the world. The firm’s geographic diversity and extensive investments in technology enable its high-caliber professionals to efficiently cater to clients in the world’s leading business and financial markets. For more information, please visit www.bplawgroup.com.
About Pelican Point Capital Partners, LLC
Pelican Point Capital is a merchant bank providing direct investment & co-investment, capital advisory & introduction, bridge financing, as well as debt and equity investment. Our partners range in size from post-seed to mature enterprises in our 12 focus sectors that operate in numerous markets around the globe. Further information on Pelican Point Capital, its partners and advisory committee including bios for each, can be found at the Pelican Point Capital Partners website, please visit www.pelicanpointcapital.com.