Host Brian Dally interviews Stacey Schacter, founder and CEO of VION Investments, a liquidity provider focused on performing and non-performing consumer and commercial receivables. Stacey recounts moving from tax and securities law into major bankruptcy and liquidation work, becoming CEO of a receivables division, then founding VION 17 years ago with backing from a New York private equity group. He explains VION’s approach across varied transactions,, discusses fraud seen in auto finance, and outlines how VION evaluates opportunities via specialized knowledge, avoiding over-leverage and binary bets, using data-driven stress scenarios, and favoring deals with wider margins for error.

00:00 Welcome and Mission

00:43 Meet Stacey Schacter

02:48 Early Career Pivot

05:36 Founding VION in 2008

07:04 What VION Actually Does

09:38 Fraud Stories in Auto

10:18 Performing vs Nonperforming

12:50 Froth Leverage and Patience

14:20 Private Credit vs Spec Fin

18:49 Managing Distress Risk

21:46 Wrap Up

Beyond the Stock Market podcast: https://groundfloor.com/podcast

Connect with Brian Dally on LinkedIn: https://www.linkedin.com/in/bdally/

Connect with Stacey Schacter on LinkedIn: https://www.linkedin.com/in/staceyjschacter/

References:

• VION Investments: https://www.vioninv.com/
• DeLoreon Motor Company: https://delorean.com/
• Advanta Bank: https://www.advantabankcorp.com/
• SpaceX: https://www.spacex.com/

The views and opinions expressed in this podcast are those of the participants and do not constitute investment advice, a solicitation, or an offer to buy or sell any security or financial instrument. Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal. Any return figures or projections discussed are illustrative only and are not guaranteed. Private market investments may be illiquid and are not suitable for all investors. Please consult a qualified financial advisor before making any investment decisions.