Steve Kovacs

Phone: (212) 856-9700 x14

DOWNLOAD STEVE’S VCARD

BIO

Seasoned executive with 25+ years of experience in distressed investments, restructuring advisory, and hands-on operating experience. Ad hoc creditor committees and public/private company board experience. 17-year distressed investor managing portfolio of alpha-generating distressed credits and equities. Broad industry experience.

REPRESENTATIVE ASSIGNMENTS

  • 2023 – PRESENT: JER Investors Trust Inc. – Independent Board Member

  • 2023 – PRESENT: Frontier – Servicer

  • 2023 – PRESENT: Ting – Servicer

  • 2023 – PRESENT: Allo – Servicer

  • 2022 – PRESENT: Sungard AS New Holdings, LLC – Plan Administrator

  • 2022 – PRESENT: SYFSLLC (ABC), LLC – Assignee for complex winddown

  • 2022 – PRESENT: Metronet – Servicer

  • 2022 – 2023: Tuf-Tug, Inc. – Financial Advisor to Company

  • 2020 – 2021: Exela Technologies, Inc. – member of ad hoc creditor committee

  • 2020 – 2021: Ahern Rental, Inc. – member of ad hoc creditor committee

  • 2020 – 2021: Valaris plc – member of ad hoc creditor committee

  • 2020: Hertz Global Holdings, Inc. – member of ad hoc creditor committee

  • 2020: Navios Maritime Holdings Inc. – member of ad hoc creditor committee

  • 2020: Mallinckrodt Plc – member of ad hoc creditor committee

  • 2019 – 2020: McDerrmott International – member of ad hoc creditor committee

  • 2019 – 2020: Calfrac Well Services, Inc. – member of ad hoc creditor committee

  • 2018 – 2019:  Sanchez Energy Corporation – member of ad hoc creditor committee

  • 2017 – 2018: Bruce Mansfield/First Energy Services – member of ad hoc creditor committee

  • 2017:  Millennium Health, LLC  – member of ad hoc creditor committee

  • 2012: Dune Energy – Board of Directors; Committees: Audit, Risk & Safety

  • 2011: NextMedia Group – Board of Directors

  • 2002 – 2004: Enron Corp – Financial Advisor to Creditors

  • 2003: Parmalat – Financial Advisors to Secured Lenders

  • 2002: Arch Wireless – Restructuring Advisor to Secured Lenders

EXPERIENCE

  • 2022 – PRESENT: Drivetrain, LLC, New York, NY

    Advisor

  • 2016 – 2021: New Generation Advisors, LLC, Charlottesville, VA

    Partner / Research Analyst

  • 2004 – 2011, 2012-2016: Strategic Value Partners, LLC, Greenwich, CT

    Managing Director/ Research Analyst

  • 2001-2004: EY Capital Advisors, LLC, New York, NY

    Director – Restructuring Advisory

  • Previous – Banking – NatWest and BNP Paribas – 7 years, New York, NY

EDUCATION

  • Cornell – BA cum laude in history

  • Columbia - MBA