The Carlyle Group Makes Strategic Investment in Prime Clerk

Claims and Noticing Administrator Poised for Global                                    Growth

New York, NY – Prime Clerk, a claims and noticing administrator based in New York, announced that it has received a strategic investment from the global alternative asset manager The Carlyle Group (NASDAQ: CG).

Shary Moalemzadeh, Managing Director and Co-head of Carlyle Strategic Partners, said, “The Prime Clerk leadership team has harnessed their extensive legal, claims administration and noticing solutions expertise to create a thriving and market-leading business. By leveraging Carlyle’s global network and providing the Company with growth capital, we will help take Prime Clerk to the next level of success. We are proud to partner with this management team.”

Shai Waisman, CEO of Prime Clerk, said, “Together with Carlyle and our existing management team we will continue our growth trajectory, offering new and innovative services in adjacent business lines, and expanding globally. Having Carlyle by our side is a validation of our business model, professionalism and commitment to excellence.”

Prime Clerk was founded by experienced claims administration professionals and seasoned law firm partners to improve the claims administration services industry through improved efficiency, accuracy and customer service.

The company’s services include: pre-bankruptcy filing preparation, noticing solutions, claims administration, balloting and tabulation, secure disbursements, strategic communications and call center support, case specific websites and virtual data rooms.

Prime Clerk clients include: Toys ‘R Us, Inc.; Takata Holdings, Inc.; Avaya Inc.; SunEdison, Inc.; Payless Holdings LLC; and Commonwealth of Puerto Rico.

Equity for the investment came from Carlyle Strategic Partners IV L.P.

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About Prime Clerk

Prime Clerk, a claims and noticing agent founded in 2013 and based in New York, was established by veteran attorneys and consultants to bring next generation technology, leading professionalism and reliable service into a stagnant industry. Prime Clerk delivers tailored, practical and client-collaborative solutions to case administration.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $174 billion of assets under management across 306 investment vehicles as of September 30, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.

Prime Clerk Expands Leadership Team with Jim Waldron, the Former Clerk of the United States Bankruptcy Court for the District of New Jersey

NEW YORK, NY – Prime Clerk, the leading bankruptcy claims and noticing agent, is excited to announce that James Waldron has joined as a Senior Advisor.

Jim comes with a wealth of experience in the bankruptcy industry.  Until his recent retirement, he served as the Clerk of the United States Bankruptcy Court for the District of New Jersey for the last three decades.

During his tenure with the United States Bankruptcy Court for the District of New Jersey, Jim was selected as the sole Clerk’s Office Advisor to the prestigious Judicial Conference Advisory Committee on Bankruptcy Rules, where he provided important insight and guidance concerning the practical implications of pending bankruptcy legislation, and proposed amendments to the Federal Rules of Bankruptcy Procedure.

With a solid reputation of stewardship of the national online electronic case management system, including a grasp of complex issues related to network security and consumer privacy, Jim was one of four Bankruptcy Court Clerks nationwide charged with bringing online the next generation of case management/electronic case filing.  In addition, Jim initiated the redesign and standardization of websites for district and bankruptcy courts across the country.  Since the completion of the project in 2012, over ninety percent of courts nationally have adopted this template.

Jim has lent his experience and ideas to organizations and groups such as the National Conference of Bankruptcy Clerks, the Clerks’  Advisory Committee, the National Forms Modernization Committee, the United States Courts’ Information Technology Advisory Committee, the Unified Communication Future Project, and the Director’s Council for Automation Planning for the Judiciary; and has chaired the BANCAP Users Group, the Bankruptcy Case Management and Statistics Umbrella Group, and the ground-breaking, Electronic Self-Representation Initiative, which seeks to provide education and access to the courts for those unable to afford legal representation.

One of the most influential leaders within the Federal Judiciary, Jim was recently nominated and selected by his peers as a Fellow in the American College of Bankruptcy, Class of 2015.  In 2010, Jim was presented with the Donald A. Robinson Meritorious Service Award by the United States District Court, the Lawyers Advisory Committee, the Association of the Federal Bar and the Historical Society of the United States District Court in recognition of his extraordinary contributions, and in 2004, Jim was awarded the Director’s Award for Outstanding Leadership by the Administrative Office of United States Courts.

“The unmatched breadth of Jim’s experience, his prestigious achievements, expertise and leadership on technological innovations in the bankruptcy practice nationwide, and his dedication to the bankruptcy community at large make Jim an invaluable asset.  We are very fortunate to add someone of Jim’s caliber to our team,” said Howard Blaustein, Co-President of Prime Clerk.

Prime Clerk is the leading bankruptcy and restructuring claims and noticing agent based in New York and was founded by veteran restructuring attorneys and consultants to bring next generation technology, leading professionalism and reliable service into a stagnant industry.  Prime Clerk delivers tailored, practical and client-collaborative solutions to bankruptcy administration.