David A. Spehar, a 30-year appraisal and disposition veteran whose work has encompassed over 350 companies and thousands of retail stores across North America, has joined Tiger Group as associate director of Field Operations.

Spehar’s new role includes overseeing Tiger’s data-driven approach to marketing and selling furniture, fixtures and equipment (FF&E) during liquidations and strategic store-closings, as well as conducting field evaluations of retail stores and distribution centers on behalf of Tiger’s valuation practice. He reports to Tiger Group Executive Managing Director Arnold L. Jacobs.

Certainly, many people have heard about the “Stop Wall Street Looting Act of 2021”, the dramatically titled shot at the private equity business publicized by Massachusetts Senator Elizabeth Warren, introduced in the House and the Senate on October 20, 2021.  Given so many other major (and controversial) legislative initiatives, the bill does not seem to be gaining much traction—for now.  At the same time, while the secured lending industry makes a lot of loans to businesses owned by private equity firms, the headlines around the proposed legislation do not suggest any direct impact on secured lenders. The bill certainly addresses matters relating to the private equity industry, with sections titled “Closing the Carried Interest Loophole”, “Restrictions on Securitizing Risky Corporate Debt” and other provocative terms, like “Anti-Looting” and includes sections providing for limitations on post-acquisition dividends and distributions as part of a reworking of basic principles of corporate law.