BOSTON--(BUSINESS WIRE)--Scargo Hill Capital, LLC, an institutional asset manager focused on providing asset-based, senior secured direct lending to the retail and consumer product sectors, today shared the recent formation of SLC Pay It Forward, Corp., a non-profit founded in memory of Stewart L. Cohen (1954-2016). Led by Andy Moser, Jacen Dinoff and the Cohen family, SLC Pay It Forward’s mission is focused on three core concepts: goodwill, mentorship, and education.
“Nobody has influenced my life more in the last 25 years than Stewart Cohen,” said Mr. Moser, Managing Partner and Chief Executive Officer, Scargo Hill Capital. “He was a friend and a mentor, someone who taught me so much throughout my career. It is my obligation and honor to ‘Pay It Forward,’ which is why I led the formation of the non-profit in his honor.”
SLC Pay It Forward engages in activities such as raising and providing funds to increase endowments in fields of study and for venues (e.g. education facilities) for the purpose of promoting the activities in and around corporate renewal. The organization will actively seek to further the education of corporate recovery industry professionals and provide a vehicle for connecting successful executives with qualified students to provide mentorship, internships and potential employment.
Working with Northeastern University, Stewart’s alma mater, SLC Pay It Forward will also aim to arrange co-op opportunities for those interested in pursuing a career in finance, specifically restructuring and corporate renewal.
As part of Scargo Hill’s efforts to support corporate restructuring and retail industry education programs, Moser often participates in events hosted by the University of Georgia’s Entrepreneurship Program, housed in the Terry College of Business, and the University of Florida’s David F. Miller Retail Center at the Warrington College of Business.
In 2016, Moser was asked to join and appointed to the Advisory Board of “Let’s All Do Good,” a mobile platform that enables organizations to reach their supporters and empowers them to be more actively engaged in their cause in the community. “My passionate belief is that all people want to do something good and this could not align more perfectly with the founding beliefs behind such a great initiative poised to help bring people together,” Moser added.
About Scargo Hill Capital, LLC
Scargo Hill Capital is an institutional asset management platform focused on providing senior secured direct lending to lower middle-market companies across retail, consumer products and the broader supply chain. Scargo Hill offers working capital solutions that provide maximum liquidity and flexibility with the goal to help its borrowers and investors achieve their goals. The firm ideally targets transaction sizes under $25 million but will consider larger, value-add transactions. For more information please visit www.scargohillcapital.com
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