Steve Kovacs
Phone: (212) 856-9700 x14
Email: skovacs@drivetrainllc.com
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