Mr. Gross joined the Loan Portfolio Manager in 2009 as an Executive Vice President and serves as a member of its Investment Committee. He is responsible for providing strategic guidance to the Company, particularly as it scales up in size, marketing communications and deal sourcing, and he participates in deal review as an Investment Committee member. Mr. Gross has been an investor in the Company since November 2005.
Since 1974, he has been a director, officer, principal, and investor in more than 20 public and private companies engaged in a wide scope of businesses. He has more than 30 years of experience in business management and finance and has been involved in deal structuring for both IPO’s and private investment rounds of financing, including startups, turnarounds and mergers and acquisitions. Mr. Gross maintains a wide range of existing relationships with executives, commercial and investment bankers and venture capital firms.
In 2001, he founded Gross Capital Partners, LLC, a firm specializing in merchant/financial advisory services. Through GCP, Mr. Gross has been an advisor, investor or founder in a number of companies, including Veretech, LLC (a software/internet company, from start up to its sale in 2007 to the Hearst Corporation), Penta Water Company (an ultra purified, energized water bottling company), Goldspring, Inc. (a gold and silver exploration company), Black Elk Energy, LLC (a gas exploration and production company), and Mortgage Supermarket (a mortgage banking company with automation technology). Mr. Gross also co-founded a hedge fund, Trinad Capital, in April 2004, and was a General Partner until it relocated its operations to California in February 2006. The fund generated 32.7% annualized net returns from April 2004 through year end 2006.
From 1985 to 1998, Mr. Gross served as Chairman and CEO of ICC Technologies (a company with technology in energy efficient air conditioning) and oversaw the company’s sale of its core business to Engelhard Corporation, its Joint Venture Partner. Using these proceeds, he completed a reverse merger with Rare Medium, Inc. (internet services company), which ultimately resulted in a market capitalization increase from approximately $60 million to in excess of $6 billion at its peak.
Mr. Gross was a practicing attorney from 1968 to 1981. Mr. Gross received a B.S. in Accounting from Temple University in 1965 and a J.D. degree from Villanova University School of Law in 1968