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Learning from mistakes✎

Javlin culture: learn and move on

Thankfully, for those of us who work at Javlin, problems and mistakes aren’t fodder for ridicule. It’s understood—firmly rooted in specialty finance—that our business is complex and more prone to human error. Thus Javlin’s methodical approach to evaluating investment risk. Nonetheless, when learning opportunities arise, no one gets thrown under the proverbial bus.

Recently, we looked into just how toxic the blame-heavy workplace can get…from a business perspective. How does a blame-heavy culture impact growth, cost, etc.? It didn’t take much digging; an organization that’s perfected the blame game is one where fear of failure, of confrontation, and of difficult tasks runs rampant. All areas of a business can suffer.

Alina Tugend, who writes the Shortcuts column for The New York Times and who wrote “Better By Mistake” says, “Research shows that people in the workplace tend to copy blaming as a behavior, whether consciously or unconsciously, thus perpetuating the problem.” She added, “Conversely, when people see others taking responsibility for their mistakes or failures, they copy that, creating a better overall work environment.”

Tugend goes on to point out a few signs indicating a culture of blame—all of which are cracks in a dam:

  • A general lack of accountability.
  • Hesitancy to admit mistakes, or frequent attempts to cover them up.
  • An overall lack of commitment to excellence.
  • Frequent “whispers in the hallway” or gossip.

NOTE: To reiterate Tugend’s point, blaming is different from holding people accountable. Accountability is vital to any company’s success, and is rich at Javlin. We set 90-day goals and hold each other accountable on a weekly basis.

To learn more about Javlin’s culture or to inquire about job opportunities, complete the form on our Careers page.

Learn from Mistakes (#26, Javlin Equation)  //  Blame erodes while learning builds. We learn from our mistakes. Identify the mishap, write out and share the details, learn from it, and then move on. Try not to make the same mistake again.

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West Partners✎

West Partners Leads Equity Raise for Javlin Capital

CARLSBAD, CA – April 5, 2016 –  West Partners, a San Diego, California-based investment firm, is pleased to announce the closing of a follow-on investment in Javlin Capital (“Javlin” or “Company”). Led by West Partners, and including existing shareholders, the recently completed investment strengthens Javlin’s balance sheet to support future opportunities. In addition, as a result of the transaction, West Partners has become the majority investor in the Company.

Javlin Capital invests capital primarily in three verticals—consumer, litigation finance, and healthcare and has deployed approximately $480 million since 2011. As Javlin continues to grow and offer its unique operations-based investment value proposition, equity owners with long-term focus are essential.

“Javlin continues to see tremendous growth opportunities,” said Rob Johnson, Javlin’s Chief Executive Officer. “This equity investment, led by West Partners, provides the capital necessary to strengthen the balance sheet and fuel future growth.”

“This investment demonstrates our confidence in Javlin’s leadership team and its portfolio of assets,” said Matt Maser, Partner at West Partners. “It also provides the support necessary to maintain Javlin’s proven growth strategy, which offers long term potential.” //  Download Press Release

About West Partners (westpartners.com)

West Partners is a San Diego-based investment firm focused on making direct investments in private companies. As part of the Gary and Mary West Family Office, West Partners has a permanent capital base and no outside investors. Given this flexible approach to investment structure and investment horizon, the firm seeks Managers who want to build great businesses over very long periods of time. West Partners has offices in San Diego and Omaha. More about West Partners can be seen at westpartners.com.

About Javlin Capital  |  Culture  |  Value  |  Details  |  Difference 

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$30 Million Facility for Purchasing Non-performing Residential Mortgages in Michigan

OMAHA, NE | November 24, 2015 |

Javlin Capital (Javlin) recently announced the funding of a $30 Million credit facility, enabling Spartan Financial to acquire non-performing loans of single-family homes across the state of Michigan.

“Spartan Financial is a key partner for Javlin Capital,” said Rob Johnson, Javlin CEO. “They offer proven expertise as a debt buyer and servicer of Michigan’s nuanced inventory.”

Spartan Financial is a Michigan-based mortgage fund created to help struggling homeowners avoid foreclosure and stay in their homes, thereby stabilizing neighborhoods and revitalizing communities. The Spartan team works with banks, services, and nonprofit agencies to help families determine the best solution to their individual housing situation.

“This credit facility helps Spartan reboot our ability to acquire non-performing loans and foreclosure redemption rights,” said Jay Bobel, Spartan’s CEO and Managing Partner. “It will help us make good investments while literally helping home owners get back on their feet.”  //  Download Press Release

 

About Spartan Financial (spartan-equities.com)

Spartan Financial is a regional NPL buyer based in Northville, Michigan. Spartan has 1,200 units under management including the latest GMAC MI carve out. They focus on stabilizing neighborhoods and revitalizing communities by helping struggling homeowners avoid foreclosure and stay in their homes.

About Javlin Capital (javlincapital.com)

Omaha, NE-based Javlin Capital LLC uses operating and valuation expertise to invest in complex financial assets. Javlin targets investments in real estate, consumer, healthcare, and litigation finance receivables and loans. Since mid-2011, Javlin has invested approximately $350 million in trade sizes ranging from $100,000 to $20,000,000.

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The painful (and shocking) realities of pain therapies

Free Download

The votes are in and everyone agrees: pain is bad. But what everyone does not agree on is how to treat pain most effectively in a fiscally sensible manner.

As you may know, “acute” pain lasts less than 30 days, “subacute” pain lasts one to six months, and “chronic” pain lasts more than six months. All pain severities warrant different therapy options—typically oral or topical, depending on each patient’s individual needs.

Oral

Oral therapies commonly prescribed for pain management are categorized in three ways:

  1. Nonsteroidal anti-inflammatory drugs (e.g., Advil, Aleve, etc.);
  2. Narcotics (opioids [e.g., Vicodin, OxyContin, etc.]); and
  3. Adjuvants (e.g., antidepressants, local anesthetics, etc.).

Opioids, specifically, have been used for thousands of years, dating back to 3400 B.C. when Sumerians were consuming the opium poppy. Today’s versions can be effective but often cause complications and side effects such as sedation, dizziness, nausea, vomiting, constipation, physical dependence, tolerance, and respiratory depression.1 They’ve also been found to irritate the lining of the esophagus, causing an increase in acid reflux and Gastroesophageal Reflux Disease (GERD). // Download to read more

About Javlin Capital  |  Culture  |  Value  |  Details  |  Difference  

West Partners✎

West Partners Leads Capital Raise for Javlin Capital

CARLSBAD, CA – July 7, 2015 – Javlin Capital (“Javlin” or “Company”) today announced that West Partners, a Carlsbad, California-based investment firm, led a follow-on investment in Javlin Capital.

“Javlin continues to grow,” said Dan Marquis, Javlin’s Chief Investment Officer. “This latest equity investment, led by West Partners and including other existing shareholders, emboldens the commitments of our investors while providing capital necessary to reinforce Javlin’s growth.”

Javlin Capital, which invests primarily in four verticals—real estate, consumer receivables, litigation finance, and healthcare—has deployed approximately $350 million since 2011. As Javlin grows, offering its unique operation-based investment value proposition, equity owners with long-term focus are essential.

“West Partners continues to see market growth opportunities for Javlin Capital,” said Mike App, Partner at West Partners. “This investment strengthens Javlin’s balance sheet. This stronger foundation combined with management’s experience and expertise positions Javlin to be a leader in its markets, creating long-term value for its partners and shareholders.”  //  Download Press Release

About West Partners (westpartners.com)

West Partners is a California-based investment firm, focused on making direct investments in private companies. As part of the Gary and Mary West Family Office, West Partners has a permanent capital base and no outside investors. Given this flexible approach to investment structure and investment horizon, the firm seeks Managers who want to build great businesses over very long periods of time. More about West Partners can be seen at westpartners.com.

About Javlin Capital  |  Culture  |  Value  |  Details  |  Difference  

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$30 Million Senior Credit Facility Enables LESS Institute to Expand Outpatient Care

OMAHA, NE | May, 2015 | Javlin Capital (“Javlin” or “Company”) announced it has finalized a $30 Million senior credit facility with the LESS Institute.

Headquartered in Florida, the LESS Institute has become a leading outpatient orthopedic and spine surgery center. Its top doctors are trained in Less Exposure Surgery by founder and CEO Kingsley R. Chin, MD—a Harvard-trained Orthopedic Spine Surgeon who began his business experience as a Wall Street Financial IT Management Consultant.

“This new facility provides us access to significant capital and payor flexibility to continue to expand our surgeon network and service patients throughout the USA,” said Dr. Kingsley R. Chin, LESS Institute Founder and CEO.

Javlin Capital, which invests primarily in four verticals—real estate, consumer receivables, litigation finance, and healthcare—has directly deployed approximately $350 million since 2011. Javlin’s healthcare team helps physicians and other businesses maintain and grow their practices by providing consistent and reliable capital with a long-term vision.

“The LESS Institute is a great partner to Javlin Capital,” said Faith Larson, Javlin Managing Director of Investments and Partner Management. “We are proud to support the growth of their outpatient services…services that fit squarely within our operational expertise.”   //  Download Press Release

About LESS Institute (thelessinstitute.com)

LESS Institute provides outpatient spine and orthopedics treatment tailored to each patient’s lifestyle, health status, and body type. LESS’s Less Exposure Surgery (LES) approach decreases surgical risks, patient discomfort, and blood loss while increasing speed of recovery. Since its founding in 2009, the LESS Institute has expanded from Florida to multiple states, including Texas and Ohio.

About Javlin Capital  |  Culture  |  Value  |  Details  |  Difference  

West Partners✎

West Partners Invests in Javlin Capital

OMAHA, NE  |  April 2015  |  Javlin Capital (“Javlin” or “Company”) today announced that West Partners, a Carlsbad, California-based investment firm, has invested in the Company.

“Since Javlin incorporated in 2011, we have experienced rapid growth, thanks in no small part to our capital partners,” said Rob Johnson, Javlin CEO. “West Partners’ investment emboldens our existing position while creating opportunities to expand into new markets.”

Javlin Capital, which invests primarily in four verticals—real estate, consumer receivables, litigation finance, and healthcare—has deployed approximately $350 million since 2011. As Javlin grows, offering its unique operation-based investment value proposition, equity owners with long-term focus are essential.

“West Partners looks for companies in growing markets, with strong management teams,” said Mike App, Partner at West Partners. “Javlin Capital’s value proposition, growth projections, and leadership make it a perfect fit. The fact they’re based in Omaha, Nebraska, where the West Family founded West Corporation, makes the investment even more compelling.”

About West Partners (westpartners.com)
West Partners is a California-based investment firm, focused on making direct investments in private companies. As part of the Gary and Mary West Family Office, West Partners has a permanent capital base and no outside investors. Given this flexible approach to investment structure and investment horizon, the firm seeks Managers who want to build great businesses.  // Download Press Release

About Javlin Capital  |  Culture  |  Value  |  Details  |  Difference  

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$25 Million Credit Facility to UK Firm

OMAHA, NE  |  April 2015  |  Javlin Capital (Javlin) is pleased to announce the completion of a $25 Million credit facility to InVenio Financial (InVenio), the debt purchasing affiliate of U.K.-based Phillips & Cohen Associates, Ltd (PCA). The facility enables InVenio to acquire increased volumes of deceased account portfolios across all the countries it services.

“This capital enables us to expand the options available to creditors seeking to utilize our compassionate Estate recovery services in any of our global markets,” said Adam S. Cohen, Esq., PCA Co-Chairman and CEO. “We are the leading service-provider in this sensitive, niche market…and this multi-currency funding agreement increases our capacity to acquire specialty portfolios alongside guaranteeing creditors the reputational and brand protection with which we are synonymous.”

Phillips & Cohen Associates, Ltd. was established in the United States in 1998 and quickly built a reputation as a responsible and trusted partner to creditors around the globe. PCA’s global infrastructure includes an office in Manchester, UK, three offices in the United States, and offices in Montreal, Quebec, Canada and Melbourne, Australia.

“Javlin welcomes the opportunity to partner with InVenio and PCA, the industry’s leading specialist in probate accounts,” said Javlin CEO Rob Johnson. “InVenio’s expertise in a highly specialized segment of the collections industry, coupled with its expertise in operating internationally, will create attractive investment opportunities for the parties in InVenio’s core products and new developments going forward.”

About InVenio Financial & PCA
InVenio Financial, the debt buying affiliate of Phillips & Cohen Associates (UK), Ltd., has built an award winning reputation in the accounts receivable management industry through its proven, compassionate recovery processes. As the founding member of the Samaritans Academy, Phillips & Cohen Associates (UK) Ltd. utilizes special recruitment, hiring and training techniques and ongoing key performance indicators to create an environment where staff take the time to truly understand customers’ circumstances. The group’s unique processes and specialist services have fuelled rapid growth across a number of international markets alongside significant industry recognition for the Treating Customer Fairly enhancements delivered through this niche service delivery.  // Download Press Release

About Javlin Capital  |  Culture  |  Value  |  Details  |  Difference  

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Javlin Capital Provides $30 Million Facility for Purchasing Single-Family Homes

"JavlinOMAHA, NE | March 4, 2015  | Javlin Capital (Javlin) today announced the funding of a $30 Million credit facility, enabling Atlanta, Georgia-based Key Property Services (Key) to acquire single-family homes as investment properties.

“Partnering with Key Properties enables Javlin to enter another large sub-market within the real estate vertical,” said Rob Johnson, Javlin CEO. “It’s a win-win situation.”

Key is an experienced operator primarily interested in scaling a fund opened in February 2014. Key has managed more than 3,000 homes simultaneously and has overseen the purchase of more than 9,000 homes. The team has acquired, renovated, and leased homes in 16 cities across 10 states. Since 2013, Key has purchased over 1,800 homes for its funds or clients and sold more than 1,500 homes to large aggregators.

“I think this is going to be a great long-term relationship,” said Simon Frost, Key’s Chief Investment Officer. “Javlin’s commitment to the REO-to-rental space will make it possible to purchase around 300 single-family homes.” // Download Press Release

About Javlin Capital  |  Culture  |  Value  |  Details  |  Difference  

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Javlin Capital Acquires Case Funding

NEW YORK | April 2015 | Javlin Capital LLC announced the completion of the acquisition of substantially all the assets of New York City-based Case Funding, Inc. a leading provider of law firm loans to personal injury practices nationwide.

Case Funding provides legal financing solutions including litigation financing, lawsuit funding, and pre-settlement advances exclusively for personal injury law firms and their clients.

“Adding Case Funding to the Javlin Capital team is critical to our growth strategy,” said Rob Johnson, Javlin’s CEO. “Leveraging Case Funding’s impressive footprint in the litigation finance space, including its expertise in underwriting and servicing litigation finance assets, will enhance Javlin’s ability to support all of our partners in the litigation finance market.”

Richard Silverstein, Case Funding’s president and Managing Director at Javlin, added: “Javlin Capital strengthens our ability to provide our clients with additional financing capabilities and a broader range of loan products…we’ve established a strong reputation and we’re excited to build upon that with Javlin’s assistance.”

Click HERE to download the press release.

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