Rick L. Barfield, a veteran of the asset-based lending field, has joined Tiger Group as Director of Business Development for the asset valuation, advisory and disposition services firm’s Midwest region.

From his base in Chicago, Barfield will lead the Midwest business development efforts for Tiger’s asset appraisal practice, serving the asset-based lending, turnaround, private equity and investment banking communities. Tiger appraisals cover all asset categories – from retail and wholesale consumer goods to commercial and industrial machinery and equipment. He will also focus on identifying asset disposition opportunities in the region, and will report to Chief Operating Officer Michael McGrail. 

Barfield brings nearly 17 years of experience in finance in the Chicago area, with diverse experience in capital markets, credit and financial analysis, business development and consulting.  His ABL background includes over six years as Vice President of Business Development for First Business Capital Corp., Chicago. During that time, he originated and executed asset-based transactions for middle market manufacturers, distributors, and business service providers, working through relationships with senior bank executives, turnaround and restructuring consultants, investment bankers, and equity sponsors.

Prior to that, he held positions in middle market banking as a Vice President at Banco Popular North America, Rosemont, Ill., and as an Assistant Vice President at Fifth Third Bank in Chicago.  He began his banking career in 2000 as an Associate in the Syndicated Capital Markets Group for Banc of America Securities, Chicago.

Most recently, Barfield worked in the Professional Services Practice at Chicago-based Assurance Agency, where he consulted senior executives on strategic insurance solutions. 

“Rick is another welcome addition to our growing team of business development professionals, bringing longstanding relationships with asset-based lenders, private equity firms, investment bankers and other key resources in the Midwest,” said McGrail. “We look forward to leveraging his strong experience at asset-based lending and banking firms to support the continuing rapid growth of our asset valuation, advisory and appraisal services.”

A resident of Chicago, Barfield earned his M.B.A. and B.B.A. degrees, both in Finance, from Howard University, Washington, D.C.