The Advisory Board will be led by Smith, Founder and CEO of Rice Park Capital (RPC) Management, a Minneapolis-based investment firm focused on technology enabled real estate and finance companies. At Rice Park, Nick draws on an investing career spanning over 20 years at leading institutions. Hilligoss, a Senior Advisor to Rice Park Capital Management, and Founder and CEO of Upper Bound, has 30 years of combined leadership and transactional experience in the financial services industry concentrated in the mortgage and consumer lending asset classes. Brad Farrell has spent the breadth of his 22-year career overseeing financial management, reporting, business analysis and capital raising for public financial service companies, most recently serving as the CFO of Two Harbors Investment Corp. since 2012. Farrell is also a Senior Advisor to Rice Park Capital Management.
Blue Water will be leveraging and integrating the depth of experience brought by the Advisory Board across all aspects of its development, from accelerating its growth strategy and business development pipeline, to exploring strategic partnerships and channel distribution opportunities, to enhancing its ability to deliver value to its clients.
“Nick, Jeff and Brad have extensive experience as principals in mortgage servicing rights transactions, in asset gathering strategies and in managing risk at many different levels,” said Al Qureshi, Senior Managing Partner at Blue Water. “Adding a group of highly seasoned and accomplished executives as advisors enhances our ability to provide exceptional value to our clients.”