Richard Bochicchio Named Managing Director at AloStar Business Credit

AloStar Business Credit has hired Richard Bochicchio as a Managing Director.  Previously, he was Managing Director and co-founder of Seaward Partners, LLC in Stamford, Conn., where he was responsible for originating investment opportunities, and leading underwriting and due diligence.  Prior to Seaward, he co-founded and served as Managing Director of Crystal Capital, a private investment firm providing debt and equity to middle market companies, real estate and special situation investments.  He has also held senior positions at Fleet Bank and Bank of Boston (now both part of Bank of America), Chase Manhattan Bank and Back Bay Capital Funding.  At AloStar, he will focus on the lending needs of small- and medium-sized businesses in the New York area and along the East Coast.

 “Richard’s deep relationships and experience in New York City and throughout the Northeast will be critical to the success of AloStar,” said Andy McGhee, President of AloStar Business Credit. “We are excited that he has joined AloStar and expect to benefit tremendously from his years of experience.”

Bochicchio comes to AloStar with more than 30 years of experience in business development and relationship cultivation in the junior capital/commercial finance/commercial banking field, working for both large banks and boutique firms. At Seaward, he also developed and implemented the firm’s marketing strategy, which included a focused calling effort on lenders, investment bankers, turnaround professionals and direct calling on middle market private and public companies.

He and Director Allan Marzen will open a New York City office for AloStar Business Credit at 250 Park Avenue in Manhattan’s Flatiron District.

“I share the vision for AloStar Business Credit– to provide a stable and predictable source of capital for small- and medium-sized businesses nationally. I am pleased to be able to join AloStar at an early stage to help it build the infrastructure necessary to lend efficiently and effectively,” said Bochicchio.

A graduate of State University of New York at Albany, Bochicchio also received his Masters of Business Administration from New York University with a concentration in finance and international business. Bochicchio is active in several community based, regional and national industry organizations including the Turnaround Management Association, where he is President of the New York City Chapter, the Association for Corporate Growth and the Commercial Finance Association. He is a frequent speaker at industry events on distressed investing; secured lien lending and asset based lending.  He resides in New Canaan, Conn.