Joseph L. SchockenCo-founder

    Mr. Schocken is the Founder and President of Broadmark Capital, LLC, a FINRA Member broker-dealer. With nearly 40 years in investment banking, Mr. Schocken has extensive knowledge of the financial services industry and established relationships with both strategic and institutional investors throughout the United States and internationally. He has guided Broadmark’s corporate finance practice through hundreds of private equity transactions with an aggregate transaction value measured in the billions. These projects have included private placements, debt offerings, mergers, asset purchases and public offerings in a broad array of industries including technology, life science, broadcasting and travel.  In addition, Mr. Schocken leads Broadmark’s merchant banking and family office activities, overseeing what has become a significant portfolio of private and public company holdings.

    As an outgrowth of Broadmark’s entrepreneurial merchant banking practice, Mr. Schocken was one of the founding partners in Pyatt Broadmark Management, LLC (“PBM”, and its affiliate, Broadmark Real Estate Management, LLC), a five year old real estate lending firm with approximately $150M in assets under management.  PBM writes first deed of trust loans against hard assets located in the Pacific Northwest and is filling a significant gap in the credit markets following the 2007-2008 real estate crisis.  Indeed, it is private lenders like PBM that have fostered such a fundamentally strong rebound in the Pacific Northwest’s real estate market. Using PBM as a model, Broadmark Capital is expanding its lending operations into markets outside the Pacific Northwest.  Prior to PBM, Mr. Schocken helped form Broadmark Asset Management Company and received both a direct investment and a $100M allocation from CALPERS in 2000.

    Throughout his career as a banker, investor, board member and mentor, Mr. Schocken has also played a pivotal role in the development of numerous significant enterprises. Notable examples include Omeros Corporation (NASDAQ: OMER), Bennett Environmental (AMEX: BEL), Optiva (acquired by Phillips), Universal Access, Inc. (NASDAQ: UAXS) and Lindblad Expeditions, Inc. (NASDAQ: LIND). In each case, Mr. Schocken served as an influential advisor to management in the development of the capital formation strategy that positioned each company for growth

    Outside of banking, Mr. Schocken has long been active with the Democratic National Committee, has served on the DNC national finance committee, and has been involved in numerous local and national campaigns.  He has been actively involved in U.S. jobs creation policy, particularly during the Obama administration.  His white paper, “Restarting IPOs:  The Shortest Path to Recreating Economic Growth in the United States”, served as the basis for elements of the JOBS act of 2012.  Mr. Schocken personally lobbied for the bill and proudly sat with the president when he signed it into law with broad, bipartisan support. Among other things, the legislation streamlines the application process for certain companies to go public, allows businesses to advertise to more investors and should ultimately enable crowdfunding.  It has dramatically improved the process private firms use to go public. Our country saw the most initial public offerings in the past year since 2000, with 365 companies going public.

    Mr. Schocken is active in civic affairs. He has provided leadership for the movement to protect Alaska Airlines, Seattle’s hometown airline, against a takeover by Delta. He has also voiced his support and contributed to numerous campaigns including gun control and same sex marriage legislation.

    Mr. Schocken has long been active in community affairs serving on numerous boards and committees. He currently serves on the AIPAC National Council and the local Community Relations Committee.

    His commentaries are regularly published and he is often quoted for articles concerning economic and political issues, samples of which are below:

    • Puget Sound Business Journal. 2015. Without support from Seattle businesses, Delta will take over Alaska Airlines, banker warns. Click to Read Article.
    • Puget Sound Business Journal. 2015. Alaska, Delta downplay talk of any animosity, though both aggressively seek a bigger share of a lucrative market. Click to Read Article.
    • Puget Sound Business Journal. 2015. Investment firm president: Seattle biotech needs an ombudsman. Click to Read Article.
    • Puget Sound Business Journal. 2015. Area should rally for hometown airline. Click to Read Article.
    • Puget Sound Business Journal. 2015. Why Seattle is tough soil to grow a biotech. Click to Read Article.
    • Roll Call. 2014. New JOBS Act Rules Damage Job Growth | Commentary. Click to Read Article.

    He is an honors graduate of the University of Washington and holds an MBA from Harvard University. He holds Series 7, 24, 63 and 79 FINRA registrations. He enjoys his season tickets to the Seattle Seahawks (“Go Hawks!”), riding his bike in France, spending time with his wife Judy and chasing after his seven grandkids.

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    Jeffrey PyattAdam Fountain