TSL Express Daily News

Onyx Asset Advisors, LLC, (“ONYX”) a boutique asset advisory and disposition firm, with offices in San Francisco and Los Angeles, is pleased to announce that Rick Briggs, a 40-year veteran of the financial services and asset-based lending industries, is joining its team as a managing director.

“Coming out of COVID-19 pandemic restrictions, we are seeing tremendous momentum in the secured debt space,” said K. Kevin Otus, Managing Partner of Onyx. “We continue to expand our regional and national presence and are building up our Los Angeles bench to increase our support of these clients.”

Mr. Briggs will leverage his deep relationships in the secured debt industry to assist Onyx’s lender clients in realizing and monetizing the true value of their assets, including machinery & equipment, inventory, intellectual property, and real estate across a broad spectrum of industries.

“Rick has been a trusted colleague and friend for well over 20 years” added Mr. Otus. “I am extremely pleased and excited that we were able to have him join the Onyx team where he will bring his tremendous background and experience to our lender client base.”

Mr. Briggs began his career in commercial lending and credit administration at Security Pacific National Bank and Wells Fargo, where he led teams overseeing both national and middle-market borrowers.  He then served as a managing director for Tiger Group, where he originated many of the firms largest and most complex disposition and valuation transactions.

“I’ve been presented with a great opportunity to work with a hugely talented team,” said Mr. Briggs.  “I’m very excited to get after it” he finished with a smile.

Mr. Briggs holds a BS in Business Administration and Finance from the University of Southern California.

Rick Briggs
Managing Director
Onyx Asset Advisors, LLC
555 West 5th Street, 35th Floor
Los Angeles, CA 90013
M: +1-805-701-5670
rbriggs@thinkONYX.com
www.thinkONYX.com

About Onyx Asset Advisors, LLC

Onyx Asset Advisors, LLC (“ONYX”), with offices in San Francisco and Los Angeles, is a boutique asset advisory and disposition firm that specializes in creating custom monetization strategies for its clients.

The ONYX executive team has over two centuries of interdisciplinary expertise spanning a broad spectrum of asset classes including: intellectual property, inventory, machinery & equipment, receivables, and real estate. We utilize multi-faceted strategies ranging from outright asset purchases providing immediate liquidity, prefunded disposition activities, negotiated orderly sales, public auctions, and supply chain redirection. Our primary goal is to assist our clients as both a strategic and financial partner thereby maximizing value and often exceeding projected recoveries. 

Full company, team and sale details can be found on our website at www.thinkONYX.com.