The Coast News Group

Area Banker testifies on behalf of JOBS bill

SANTA LUZ — Wells Fargo Senior Vice President Tim Rafalovich recently participated in a United States Senate hearing on a proposed Congressional Bill, sponsored by the Senate Committee for Small Business. The bill, a proposed addition to the Jumpstart Our Business Startups (JOBS) Act (H.R. 3606), is intended to create jobs, in part, through the expansion of a private equity financing of Small Business Investment Companies (SBICs).The goal of the hearing was to gather information from private and public constituents, and build support for the SBIC section of the bill (S. 2136). Rafalovich spoke to convey the importance of helping small businesses grow and the ways that larger institutions like Wells Fargo are a part of the solution. To access the full video of the hearings, visit

Rafalovich lives in Santa Luz and is a former resident of Rancho Santa Fe. He leads the Alternative Asset Class division within Wells Fargo’s Community Lending and Investments. Rafalovich manages a $2 billion portfolio consisting of investments in private equity, Community Development Equity, real estate and LIHTC funds on behalf of Wells Fargo’s CRA group. Rafalovich is a seasoned fund manager, wealth manager, merger and acquisitions EVP and business owner. He serves on several corporate and non-profit boards, including the San Diego opera, YMCA Board of Governors and the USC alumni association. He is a founding member of the Small Business Investor Alliance and sits on eight SBIC advisory boards and sits on several corporate and non-profit boards and on numerous Private Equity advisory boards.

Rafalovich earned his B.S., Finance degree from The University of Southern California, has a master’s degree in counseling and is completing a Ph.D. in Business Administration. His dissertation considers the impact of management variables on Private Equity fund performance.