Boston, March 28th, 2018


Crystal Financial LLC a provider of innovative debt capital solutions to middle market companies is pleased to announce the promotions of five of its team members.  Cheryl Carner and Evren Ozargun have been promoted to Senior Managing Director.  Tyler Harrington and Kenny Smith have been promoted to Managing Director.  Case Fedor has been promoted to Assistant Vice President.


Ms. Carner is responsible for business development and the firm’s marketing strategy.  She sources, structures and underwrites senior and junior secured debt financings for middle-market companies seeking capital for acquisitions, growth capital, refinancings and/or restructurings.  Prior to joining Crystal, Cheryl served in business development roles at GE Franchise Finance, and CapitalSource where she led the Retail & Consumer specialty lending team.  Her 25 years of experience in the financial services sector, began with Fleet Retail Finance and its predecessor entities. Cheryl received her B.B.A. at the University of Massachusetts at Amherst and her M.B.A. at the F.W. Olin Graduate School of Business at Babson College.


Mr. Ozargun is a Team Leader at Crystal, and is responsible for managing a team of underwriters and portfolio managers, as well as working closely with Crystal’s business development officers in assessing and structuring new deal opportunities.  Evren joined Crystal in 2006 from Wells Fargo Retail Finance, where he was Director of Audit and Appraisal.  Previously, he worked as a Senior Project Coordinator at The Ozer Group and specialized in asset valuations and dispositions in various industries.  He received his B.S. from Babson College.


Since joining Crystal in 2010, Mr. Harrington has focused on underwriting and portfolio management and has been involved with many transactions within the specialty finance industry.  Before Crystal, Tyler worked at Cambridge Associates, a leading global investment firm that provides advisory, investment research, and investment management services across a number of asset classes. Tyler serves on the board member of the Turnaround Management Association’s Northeast Chapter.  He received a B.S. in Finance from Bentley University and is a CFA® charterholder.


Mr. Smith joined Crystal in 2011 and initially focused on underwriting and portfolio management.  In 2015 he became a business development officer and is responsible for sourcing and structuring new transactions from private equity sponsors and other referral sources.  Previously, he held roles at Breakaway Ventures, JMH Capital and BDC Capital.   Kenny serves on the boards of the Northeast Chapter of the Turnaround Management Association in addition to the New England Chapter of the Commercial Finance Association.  He received his B.A. from Harvard University and his M.B.A. at the F.W. Olin Graduate School of Business at Babson College.


Prior to joining Crystal’s Atlanta office in 2016, Mr. Fedor worked within the ABL Group at SunTrust Robinson Humphrey.  At Crystal, Case evaluates new transaction opportunities and provides research and analytical support on new underwritings in addition to portfolio management.  Case received his B.A. and M.B.A. from the University of Kentucky.


Steve Migliero, Co-CEO, Crystal Financial said, “Our organization’s ability to solve the needs of its clients who need capital for growth and other critical business objectives rests in the talents and dedication of our team.  Each of these individuals is an exceptional professional and has played a key role in Crystal’s growth.”


“Crystal’s success is very dependent on the hard work and commitment of our team members who consistently source, underwrite and manage complex debt transactions.  ”All of us at Crystal are fortunate to work with such terrific individuals and are confident that their abilities will play an important role in our continued success.” added Michael Pizette, Co-CEO, Crystal Financial.


 About Crystal Financial LLC


Crystal Financial LLC, a portfolio company of Solar Capital Ltd. is an independent commercial finance company that provides senior and junior secured loans for both asset-based and cash flow financings (minimum of 10 million in fundings) to middle market companies. Its team of experienced, responsive professionals has underwritten, closed and managed more than $20 billion in secured debt commitments across a wide range of industries. For more information, please visit





Cheryl Carner, Senior Managing Director