5.27.2009

HBSCNY Distressed Investing Roundtable

Who can pass up drinks and distressed debt networking?  If anyone is going to this, please contact me.

Thanks to Steven for sending me the event details:

Globally felt bankruptcies have created unparalleled opportunities for specialists in distressed investing. Hear leading experienced and successful distressed investors from hedge fund and private equity industries at this investing roundtable.

Event Date: Tuesday, June 2nd, 2009 at 6:00pm


Record numbers of companies are struggling as a result of the financial crisis and recession, and the shock waves created by major bankruptcies like Lehman and Chrysler are being felt around the globe. These dislocations have created unparalleled opportunities for specialists in distressed investing. Please come to hear some of the most experienced and successful distressed investors from both the hedge fund and private equity industries at the club’s Distressed Investing Roundtable. The event will be followed by a networking reception.

Panel: 
Eric Edidin, Managing Partner, Archer Capital Management 
Jed A. Hart, Senior Managing Director, Centerbridge Partners 
Tiffany Kosch, Managing Director, H.I.G. 
Victor Khosla, CIO and Managing Partner, Strategic Value Partners 
John M. Reiss, Partner, White & Case

Networking Reception: Come meet invited hedge fund and private equity managers, your fellow HBS alums, and other key industry contacts. 

Eric Edidin, Managing Partner, Archer Capital Management

Mr. Edidin is Managing Partner of Archer Capital Management, a middle market distressed investment firm. Prior to founding Archer Capital Management, LP, Mr. Edidin was a Portfolio Manager of York Credit Opportunities Fund, LP ("York Credit") and a Managing Director of York Capital Management, LP ("York"). Mr. Edidin joined York in 2001 as the second hire in the credit business and helped develop York Credit as one of York's core strategies within its current $10 billion of capital under management. York Credit was ranked by Hedge Fund Research as the #1 performing distressed securities hedge fund measured by its three-year IRR ended September 30, 2005, the quarter prior to Mr. Edidin's exit from York to co-found Archer.

Prior to working at York, Mr. Edidin was a Vice President and Director of Business Development for Etrana, a venture-backed software firm. Prior to Etrana, Mr. Edidin was a member of Morgan Stanley Capital Partners' global private equity investment team. Mr. Edidin began his career in 1993 in the Restructuring and Reorganization Advisory Group of The Blackstone Group, LP where he was involved in advising debtors and creditors in mid-to-large capitalization restructurings, including the structuring of numerous debt financings. During his career, Mr. Edidin has served as a credit committee member and board member for numerous companies. Mr. Edidin graduated with Highest Distinction with a B.B.A. from the University of Michigan in 1993 and earned an M.B.A. from Harvard Business School in 1998. 

Jed A. Hart, Senior Managing Director, Centerbridge Partners 

Jed Hart is a Senior Managing Director at Centerbridge Capital Management. Prior to joining Centerbridge, Mr. Hart was a Managing Director and Chief Portfolio Manager for the distressed securities funds of Angelo, Gordon. Before joining Angelo, Gordon in 1995, Mr. Hart worked in the High Yield Trading Group at Merrill Lynch & Co., focusing on distressed and special situation investing. Prior to that, Mr. Hart worked in investment banking specializing in financial institutions at Fox-Pitt, Kelton Inc. Mr. Hart has served on numerous official and ad hoc creditors committees, including Refco, Doral Financial, Healthsouth, Harnischfeger, Conseco, Finova, Worldcom (MCI), Comdisco and Cornerstone Propane. Mr. Hart received a B.S. from the Wharton School of the University of Pennsylvania. 

Tiffany Kosch, Managing Director, H.I.G.

Tiffany Kosch is a Managing Director of H.I.G. Capital and is a senior member of H.I.G.'s Bayside distressed investments team. She has over ten years of private equity investing experience in a broad range of industries including business services, manufacturing, distribution and retail. Ms. Kosch has been involved in all aspects of the investment process including sourcing, transaction structuring, financing, and execution of post closing growth strategies. She currently serves on the board of numerous H.I.G. portfolio companies.

Prior to joining H.I.G., Ms. Kosch was a Director with Levin Leichtman Capital Partners. In this role she was responsible for investment analysis and working with the management of portfolio companies to create value. Prior to Levin Leichtman, Tiffany worked in the private equity group at Patricof and Co. and Perry Capital. Ms. Kosch earned a Bachelor of Science from Georgetown University and an M.B.A. from the Harvard Business School. 

Victor Khosla, CIO and Managing Partner, Strategic Value Partners 

Victor Khosla is CIO and Managing Partner of Strategic Value Partners, LLC (SVP), a leading global alternative investment firm focused on distressed/deep value and turnaround opportunities. Victor oversees a team of 167 professionals including 61 investment professionals with offices in Greenwich, London, Frankfurt, Tokyo and Delhi. SVP manages approximately $3.5 billion in distressed and deep value investments across a hedge fund strategy, a specials situations private equity strategy and a control-oriented private equity strategy. Prior to forming SVP in 2001, Victor Khosla had a history of successful investing in global distressed opportunities and in building and managing large global investment teams in credit and distressed investments. From 1999-2002, Mr. Khosla managed a $671 million fund that invested in distressed debt in Japan in a joint venture with Moore Capital Management, LLC. From 1998-1999, Mr. Khosla was President of Cerberus Capital Management, L.P., where he participated in the management of a $5 billion private investment fund focused on distressed assets and built the Japanese business. From 1993-1998, he was Co-Head of the Distressed Products Group at Merrill Lynch & Co. where he built and managed a premier distressed debt proprietary trading business with $2 billion in corporate and real estate investments and a team of 40 analysts and traders in New York, Tokyo, London and Hong Kong. Prior to his tenure at Merrill Lynch, Mr. Khosla held various positions at Citibank, Booz Allen Hamilton and General Motors. Mr. Khosla has a Bachelors in Commerce from Delhi University, an M.A. in Economics from Vanderbilt University and an M.B.A. from the University of Chicago. 

John M. Reiss, Partner, White & Case

John M. Reiss is the Global Head of White & Case's Mergers and Acquisitions Group. He represents parties in mergers and acquisitions, private equity transactions, securities transactions, and financings of all types. He also regularly represents clients with relation to distressed debt transactions as well as Boards of Directors in connection with corporate governance and fiduciary duty issues. Mr. Reiss plays a leading role on headline deals in both corporate and private-equity markets and regularly represents leading multinational corporations such as Royal Ahold, SSAB Svenskt Stål AB, First Republic Bank, Excel Maritime Carriers and WellPoint, Inc. He also represents leading private-equity firms and hedge funds such as Harvest Partners, Appaloosa Management, Harbinger Capital Partners, Quad-C Management and Starwood Capital. His recent representations include SSAB Svenskt Stål AB in connection with the US$4.038 billion sale of its North American tubular business, IPSCO Tubulars to Evraz Group, S.A.; Harvest Partners, LLC in the sale of Aquilex, a Harvest Partners portfolio company, to Teachers' Private Capital; and Ahold NV in its $7.1 billion sale of US Foodservice to a private equity consortium consisting of Kohlberg Kravis Roberts & Co. LP and Clayton, Dubilier and Rice Fund VII. 

Mr. Reiss graduated from the University of Pennsylvania (B.S., J.D. and M.B.A.) and is ranked for both Corporate/M&A and Private Equity by Chambers USA 2008. He also recently co-authored a chapter on "Important Tools in Distressed M&A Transactions" for Aspatore Books' "M&A Strategies for Bankruptcy and Distressed Companies - Leading Lawyers on Asset Valuation, Deal Structure, and Risk Management".


Event Date: Tuesday, June 2nd, 2009 at 6:00pm.
· Location: White & Case, 1155 Avenue of the Americas (at 45th Street), New York City.
· Time: Registration 6:00pm; Panel 6:30pm-7:30pm; Networking Cocktail Reception 7:30pm-8:30pm. 
· Cost: $25 Members; $75 Non-Members & Guests; Free if you sign-up to become a member of HBSCNY or renew your membership (call 212-947-5544). NOTE: You must be a HBS alum to become a paid member of the Club. 
· Attendees must sign-up for this event at least 24 hours in advance for security reasons. No walk-ins will be allowed. 
· Organizers: Ken Shoji, '92; Alison Rosenzweig‚'98; Hemali Dassani '99 
· Event Sponsor: White & Case

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About Me

I have spent the majority of my career as a value investor. For the past 8 years, I have worked on the buy side as a distressed debt and high yield investor.