Applied Real Intelligence (“A.R.I.”), a venture debt investment firm that provides innovative financing solutions to successful VC-backed companies, announced the hiring of Chief Marbumrung as Managing Director, Investments. Mr. Marbumrung will report to Zack Ellison, A.R.I.’s Founder and Managing General Partner, and will be based in San Francisco, California, where he will lead A.R.I.’s regional expansion in the Bay Area and Northwest United States.
Applied Real Intelligence (“A.R.I.”) Leadership Team: Zack Ellison, Wendell Sammons, Jeffrey Sokolowski, Chief Marbumrung
“I have long been impressed with Chief since we worked together at Scotia Bank from 2008 through 2010 during the depths of the Global Financial Crisis. During that volatile economic period, we were able to achieve great financial results because of a strong team-first culture, rigorous credit underwriting, and unrelenting focus on risk management. A.R.I. is built on these same principles and Chief will be instrumental in our rapid growth and continued success,” said Ellison.
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Mr. Marbumrung will focus on transaction origination, credit analysis, investment due diligence, transaction structuring, and loan underwriting. He will also have responsibility for building and maintaining strategic partnerships with A.R.I.’s portfolio companies and sponsors, including venture capital firms, private equity firms, bank lenders, and non-bank lenders. He joins Zack Ellison, Wendell Sammons, and Jeffrey Sokolowski as a member of the firm’s Executive Committee, Investment Committee, and Risk Committee.
Mr. Marbumrung commented, “I’m excited to team with Zack once again. He has built something special at A.R.I. – the right mission, the right strategy, and the right team, all coming together at the right time. A.R.I. is democratizing the availability of capital for all founders, particularly those who have been historically underserved, while providing family offices, endowments, pensions, and other institutional investors with access to ‘innovation’ as an asset class.”
Prior to joining A.R.I., Mr. Marbumrung was a senior banker based in San Francisco covering the Technology, Media, and Telecommunications (“TMT”) sectors at BNP Paribas, France’s largest bank with over EUR 2.6 trillion in total assets. In this role, he was responsible for originating and managing U.S. corporate relationships within the TMT segments, where he executed large loans and other transactions across a variety of high-growth sectors including enterprise software, IT services, IT hardware, cybersecurity, and telecommunications, among others.
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Previously, he was an active deal team member on BNP’s Loan Capital Markets platform in New York. In this role he focused on underwriting, structuring, and executing bilateral and syndicated loan transactions for corporate clients across multiple sectors, including healthcare and TMT, to support merger and acquisition financing, spin-off and special dividend financing, and other strategic investments.
Mr. Marbumrung began his career in the financial services industry as a corporate banker in the U.S. Power Utilities & Power Project Finance group at Scotia Bank in New York, where he focused on debt transactions in the electric utility, mining, and natural gas sectors.
He earned a Bachelor of Science in Electrical Engineering from Boston University’s College of Engineering and an MBA from Georgetown University’s McDonough School of Business. Additionally, he has held FINRA Series 79 and 63 licenses.
