Peachtree Signs Agreement for $35-$50 Million Life Contingent Structured Settlements Fund

Peachtree Financial Solutions has signed an agreement for $35-$50 million in life-contingent structured settlement funds. “Although the markets have been exceptionally difficult, this agreement is another indication that the credit markets are normalizing and that investors recognize the value of these high credit quality, non-correlated assets,” said Hasham Malik, Peachtree’s Chief Capital Markets Officer.

“This is exciting news and it will allow Peachtree to remain at the leading edge of the structured settlement payment purchasing market,” adds Lori Wengatz, Vice President and Director of Peachtree’s Structured Settlements division. The fund will benefit from an underwriting commitment from a large European bank, which will also be its principal distribution agent according to Peachtree.

About Peachtree

The Peach group of companies (noted herein as Peachtree, Peachtree Financial or Peachtree Financial Solutions), includes, among others, Peachtree Settlement Funding, Peachtree Pre-Settlement Funding, Peachtree Attorney Cost Financing, Peachtree Life Settlements, Peachtree Special Asset Funding and Peachtree Advanced Life Solutions. Through its group of affiliated companies, Peachtree caters to people seeking to sell structured settlement payments, annuity payments, life insurance policies, lottery prize payments, sweepstakes awards, and sports contract payments. In addition, Peachtree also provides cash advances to people with pending personal injury claims and offers turnkey marketing programs to the insurance distribution marketplace. Peachtree has purchased over $4 billion of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on underserved markets. For further information about Peachtree, please contact Dana Peller at (866) 931-2683. Peachtree’s corporate website address is www.peachtreefinancial.com.