Debtwired! GA Group’s Ryan Mulcunry on retailers’ increasing need for transition capital and the evolution of asset dispositions
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Aug 14, 2025 Ryan Mulcunry, a specialist in lending and asset dispositions at GA Group, shares valuable insights into the retail finance scene. He discusses GA Group's transformational journey to improve financial decision-making for retailers through innovative transition loans. The conversation also dives into evolving asset disposition strategies, focusing on the shift from equity-based to fee-based models. With the retail landscape changing due to economic pressures, Mulcunry highlights the significance of transition capital and the potential for mergers in the market.
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Firm Origin And Growth Story
- Great American Group began in the early 1970s as an asset disposition firm and expanded into valuations and industrial liquidations over decades.
- Ryan Mulcunry joined in the early 2000s and recounted the firm's growth, public listing, and recent partnership with Oak Tree for next-stage expansion.
Knowledge Marriage Spurs Scale
- The Oak Tree partnership combines GA Group's asset data with Oak Tree's investing and lending expertise to scale offerings.
- Mulcunry expects this knowledge marriage to enable substantial growth over the next five to ten years.
Target Lending Profile
- GA Group's lending sweet spot targets $20–$200 million opportunities with cost of capital in the SOFR 600 range.
- Leverage their valuation expertise across inventory, real estate, IP, and receivables to stretch credit beyond typical borrowing bases.