John Farrace, CTP, a Senior Managing Director at SierraConstellation Partners, has nearly 25 years of experience in corporate and leveraged finance.
Before joining SCP, John was a Managing Director and Group Head in CIT Group’s Commercial Finance unit and as Executive Vice President and Head of Corporate Banking at OneWest Bank prior to its acquisition by CIT Group Inc. in August, 2015. Throughout his tenor with the banks, John’s responsibilities included management of Corporate Banking, Commercial Banking, Corporate and Commercial Underwriting, and Syndications.
Prior to joining CIT/OneWest, John was Executive Vice President at Allied Irish Bank (AIB) where he was Co-Head of Leveraged Finance for North America. He was a founding member of the team that established AIB’s Corporate Banking business in the U.S. where he also opened and developed the Bank’s Corporate Banking office in Los Angeles, which included the bank’s successful middle market, ABL and gaming practices.
Previously, he was a Portfolio Manager at Harch Capital Management, a hedge fund specializing in leveraged loans and high yield bonds. In this capacity, he was primarily responsible for loan portfolio management and was instrumental in the development and management of the firm’s Collateralized Loan Obligation business, as well as numerous credit derivative programs.
Earlier in his career, John was Vice President in the Syndicated Finance division of Imperial Bank.
John received a BS in Business Administration (Finance) from the University of Connecticut and an MBA from Pepperdine University.
- Acted as interim CFO for a start-up food company through it’s early round financing.
- Acted as financial advisor to a $300mm industrial real estate firm.
- Acted as financial advisor to a consumer products company through its financial restructuring.
- Acted as a sell-side financial advisor to a paper and packing distributor.