RED BANK, N.J. — Locust Point Capital Inc., a Red Bank-based asset management firm specializing in direct lending to the lower middle market in the seniors housing and care industry, has hired F. Donald “Don” Kelly III as managing director.
Kelly has more than 25 years of experience in the seniors housing and long-term care industry, including banking and lending experience at Pacific Western Bank (CapitalSource Healthcare Finance), Merrill Lynch Capital Healthcare Finance, KeyBank Healthcare Finance and MonticelloAM. He has originated, structured and underwritten approximately $5 billion in transactions.
Kelly also has operating company experience as an executive vice president at Covington Senior Living, as well as debt advisory and mergers and acquisitions experience as a managing partner at Energy Court Capital.
Kelly holds an M.B.A. from Florida Agricultural and Mechanical University and a bachelor’s degree in finance from Valdosta State University.