Chairman and Chief Executive Officer

Fredrick Schulman

Fred has over 35 years of experience as an investment banker, business and real estate principal and attorney, with particular expertise in corporate, commercial and real estate finance. He also is the Chairman and one of the founding shareholders of NewBank, a New York-based community commercial bank with five branch offices; the Chairman of Rhodium Capital Advisors LLC; an owner/operator of apartment buildings in the Manhattan area; the President of Targeted Capital Funding LLC, specializing in asset-based finance and equipment leasing. Along with holding a Bachelor of Arts Degree from Clark University and a Juris Doctor Degree from Boston College of Law, Fred has a long professional history in his law practice and in managing other business interests.

Chief Operating Officer and General Counsel

Jerald Belofsky

Jerald Belofsky is an investment banker and attorney. He is the Chief Operating Officer and General Counsel to Galactic. In addition to his position at Galactic, he is the General Counsel to Targeted Capital Funding, an asset-based finance company (of which Fredrick Schulman is the principal).

Prior to Galactic Jerry founded and was CEO of the Investment Bank Oldfield Capital in New York City which focused on advisory and consulting assignments for international clients. At Oppenheimer AG (with offices in Zurich and New York) he started and ran the emerging markets investment activities of this Swiss family office. During his time with Oppenheimer, he (a) managed projects in Oman, Bahrain, Dubai, China, Singapore, and Eastern Europe that produced $48 million in fee income over a five-year period; (b) led teams of lawyers, accountants, and investment bankers in a $950 million global bond offering for a real estate project in Oman; (c) managed consulting assignments for governments in restructuring alternative investments in Kuwait, workouts of real estate and industrial projects in Dubai, Bahrain, Greece, and Albania, and a bank restructuring in Bosnia; and (d) over a three year period, mediated disputes between Greek and Turkish contractors, architects, and royal families in Bahrain and Oman, involving a Middle Eastern mixed-use real estate development project roughly the size of Manhattan.

Prior to Oppenheimer, Jerry was President of the North American asset-based and structured finance operations for affiliates of ABN-AMRO Bank. He started his investment banking career at Bear Stearns where he was in charge of global equipment leasing and project finance.

Jerry has a Bachelor of Science Degree in Business Journalism from Boston University, a Master’s Degree in Finance from New York University and a Juris Doctorate from George Washington University Law School where he was Finance Editor of the Journal of International Law and Economics. He is a member of the American, Florida, and New Jersey Bar Associations.