Mr. John Jacquemin began his 35-year career in finance as a consultant for an international management consulting firm, then as CFO for a diversified group of companies in Pennsylvania. In 1982, using his own and borrowed capital, he began his career as a finance entrepreneur with the formation of Mooring Financial Corporation. In its first decade, the firm specialized in large ticket commercial equipment leasing. The company was successful in structuring leases of railroad rolling stock, mainframe computer systems, major medical equipment and executive aircraft. With the S&L crisis of the early ‘90’s, Mr. Jacquemin recognized an opportunity to acquire commercial assets from ailing and failing banks at attractive discounts. Leasing quickly took on a secondary role as Jacquemin hired ex bankers and focused the company’s attentions on the purchase of sub-performing and non-performing commercial loans.
In 1999 Mr. Jacquemin formed Mooring Capital Fund as a vehicle for offering this investment model to investors who had expressed an interest. Today, his private investment firm specializes in the management of alternative assets for high net worth individuals and institutional investors. The firm manages two funds across different asset classes - distressed commercial loans, and publicly traded equities and other assets. Mooring currently manages approximately $100 million in assets.
In 2006, Ernst & Young recognized Mr. Jacquemin’s entrepreneurial success and spirit when he was chosen to receive the Ernst and Young Greater Washington Entrepreneur of the Year Award. The award is given to individuals who inspire others with their vision, determination and leadership skills.
Mr. Jacquemin has funneled his entrepreneurial spirit into philanthropy as well. In 1997, he and his wife, Tracie, established the The Jacquemin Family Foundation. Their dedication to provide educational and artistic opportunity for children is shown through their gifting to both small and large organizations throughout the Washington Metropolitan area and around the world.
As an example, The Jacquemin Family Foundation has made great impacts in the lives of many children in Kenya and Haiti. In 2005, the entire family visited Kenya and became involved in a scholarship program for the Kenya Education Fund. This program provides scholarships for girls and boys from nomadic tribes to attend high school, which is not free in Kenya, and which very few families can afford.
In 2011, The Foundation was introduced to the Friends of Fort Liberte, an organization working to relieve hunger and homelessness, provide medical and educational support and help people achieve their full potential in Haiti. In 2012, Mr. Jacquemin and two of his daughters spent a week in Haiti working at an orphanage and clinic with the Friends of Fort Liberte. While there, they worked on the construction of a new earthquake proof orphanage and dispensed medication in the infirmary. Upon their return home they established a program to provide tutors and other assistance for these orphans. The Foundation will also assist with college tuition for those orphans who are able to attend a university.
Mr. Jacquemin currently serves on the Board of Directors of Penn National Gaming Inc., a NASDAQ-listed company headquartered in Reading, Pennsylvania that is the third largest gaming company in the U.S. In 2010, Mr. Jacquemin was appointed by Governor Bob McDonnell to the Virginia Small Business Financial Authority (VSBFA), the Commonwealth of Virginia's economic development and small business financing arm. Last year the Governor appointed him to the Board of George Mason University.
Mr. Jacquemin is also on the Board of Kid Pan Alley, an organization inspiring and empowering children to become creators of their own music and to rekindle creativity as a core value in education.
He is dedicated to his alma maters – Pennsylvania State University, where he established a study abroad scholarship fund, and Dartmouth, where he has been a member of the Board of Overseers at the Tuck School of Business since 2005. As a former board member at the Wolf Trap Foundation for the Performing Arts, he stays involved in this national treasure, particularly in the Early Childhood Education Program for which Wolf Trap is renowned.
Mr. Jacquemin received a B.A. degree in General Arts & Science from Pennsylvania State University, and earned his M.B.A. degree from Dartmouth College at the Tuck School of Business Administration.
Mr. Jacquemin resides in McLean, Virginia with his wife, Tracie, and their three daughters – one is a George Mason University student, another is college student in upstate New York, and the youngest is a high school student in Northern Virginia.