Beltway Capital Management

Scott W. Gray, Founding Partner

Prior to his formation of Beltway Capital in 2001, Mr. Gray was President of Dunkirk Financial Partners, a boutique investment banking firm specializing in the disposition of sub-performing and non-performing residential and commercial assets. During his time with Dunkirk, Mr. Gray participated in the analysis, pooling and eventual sale of over $1 billion of distressed assets on behalf of lenders throughout the U.S. Before participating in the creation of Dunkirk, Mr. Gray spent 12 years with Maryland National Corporation (a predecessor to Bank of America), predominantly in the commercial leveraged lending subsidiary as Vice President and Senior Credit Officer, where he managed a national portfolio of asset-based and syndicated cash-flow credit facilities. Mr. Gray also served as Unit Head in the Special Assets Division.

Mr. Gray has a B.S. with High Distinction from The Pennsylvania State University and a M.S. from Robert Morris College in Pittsburgh, PA.

Jed S. W. Schaefer, Partner

Jed Schaefer joined Beltway Capital Management from Capital Crossing Bank in Boston where he spent six years as Executive Vice President and Director of Loan Acquisitions. During his tenure at Capital Crossing, Mr. Schaefer was responsible for the acquisition of over $1 billion in commercial loans and leases. Prior to that, Mr. Schaefer was a Vice President in the Special Situations Group at Goldman Sachs & Co. in New York and Mexico City where he was a senior member of the team responsible for acquisition of distressed loan assets in the United States and Latin America. Mr. Schaefer started his career as a corporate attorney at Cravath, Swaine & Moore in New York where he focused on structured finance and the securitization of non-conventional asset classes.

Mr. Schaefer received a B.A. from the University of Illinois and a J.D. from Columbia University School of Law. At Columbia, he was a Harlan Fiske Stone Scholar and the Senior Articles Editor of the Columbia Business Law Review.

Stephen V. Rieger, Chief Operating Officer

Steve Rieger joined Beltway Capital in 2002 as a senior credit officer to focus on the distressed C&I loan business. In his current role, Mr. Rieger’s primary responsibility is the acquisition and management of the company’s residential loan portfolio. He is also involved in overseeing management of the commercial loan portfolio and in the general administration of the company. Mr. Rieger has over 25 years in the banking industry with an emphasis in commercial lending, specifically structured finance and asset-based lending. Prior to Beltway, he was the Regional Manager for LaSalle Business Credit in Baltimore. Prior to LaSalle he spent over 10 years with Bank of America Business Credit in Baltimore (and its predecessor companies). While at Bank of America he managed a portfolio of nationally syndicated credits, dealing directly with equity sponsors and member financial institutions. Mr. Rieger began his career as a loan work out officer.

Mr. Rieger received a B.A. degree in Accounting from Loyola University of Maryland.

Find out more about our other Beltway Capital Professionals