New Century Investments' Wunderkind Makes Play for Leading the Restructuring of Trump Entertainment Resorts
WASHINGTON-(Business Wire)-September 25, 2009 - With Trump Entertainment Resorts emergence from bankruptcy pushed back and significant differences between 2nd Lien Bondholders on the one hand and Donald Trump and Beal Bank on the other, emerging business wizard Artin Afsharjavan CIO of New Century Investments is seeking to participate in the deal and bring a fresh perspective to the parties and the company.
“This company can return to prominence but to get on the right path, it’s going to take unity with all involved parties aligning their unique strengths. We can bring a fresh perspective and have a world class restructuring team ready to support current management in their endeavors,” says Mr. Afsharjavan.
New Century Investments said that it needed to respond to the press as it received word that their outreach to the parties had been leaked to the media.
New Century Investments, a new private equity fund based in the greater Washington, DC area was created by a group of high level executives looking to maximize on current economic conditions. New Century retained Mr. Afsharjavan early this year to head its strategic investments. Capital under management is focused on making a limited number of large investments, concentrating its portfolio on such industries as hospitality and gaming.
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