The Fed Has Loaned $1.2 Billion from its TALF Bailout Program to a Tiny Company with Four Employees

On the most recent transaction data report filed by the Fed for the TALF, it lists the borrower that received the $1.2 billion total as Alta Fundamental Advisers SP LLC-Belstar-Alta
Series 1 and 2. It lists the Investment Manager for the borrower as Belstar Management Company LLC. Both Alta Fundamental Advisers and Belstar Management Company LLC have funds that previously registered in the Cayman Islands, according to their SEC filings.