Job Title: (Managing) Director, Bankruptcy Workouts / Restructuring & Special Situations

Company Overview

A multi-strategy alternative investment manager with a focus on opportunistic and complex investments across credit, legal assets, and special situations. The firm manages diversified portfolios across multiple strategies and seeks to generate uncorrelated returns through deep fundamental analysis and active asset management.

Role Overview

The firm is seeking a (Managing) Director to lead and manage distressed situations across its investment platform. This is a senior, high-impact role working closely with investment teams and firm leadership to navigate complex credits, restructurings, and legal-driven outcomes.

The role spans both reactive workouts and proactive investment activity, including the evaluation and execution of distressed opportunities and DIP (debtor-in-possession) lending transactions. The successful candidate will play a key role in protecting capital, maximizing recoveries, and supporting the growth of a dedicated opportunistic/DIP lending strategy.

Key Responsibilities

• Lead bankruptcy, restructuring, and workout processes across portfolio investments
• Actively manage distressed and adversarial situations to protect creditor and investor positions
• Develop and execute recovery strategies, including restructurings, litigation pathways, and negotiated outcomes
• Oversee and execute DIP financing opportunities, including underwriting, structuring, and ongoing management
• Partner with investment teams to evaluate and deploy capital into distressed, special situations, and opportunistic credit investments
• Support the build-out and scaling of a dedicated DIP lending and opportunistic credit strategy
• Identify early warning signals within the portfolio and proactively intervene in underperforming investments
• Manage and coordinate external counsel, advisors, and restructuring stakeholders
• Provide strategic input on deal structuring to mitigate downside risk and improve recovery outcomes

Representative Scope

• Leading creditor strategy and recovery efforts in bankruptcy proceedings and out-of-court restructurings
• Evaluating and executing DIP loans and rescue financings in complex situations
• Supporting investments that encounter distress and require legal or restructuring-driven solutions
• Advising on multi-asset, multi-strategy exposures where legal and financial risks intersect

Qualifications

• JD preferred
• ~8–15+ years of experience in restructuring, bankruptcy, or distressed/special situations investing
• Background in a top-tier law firm (restructuring/bankruptcy) and/or an investment platform focused on distressed credit
• Deep knowledge of U.S. bankruptcy law, creditor rights, and restructuring processes (Chapter 11 and out-of-court)
• Direct experience with DIP financings, creditor negotiations, and complex restructurings
• Strong commercial judgment with the ability to bridge legal and investment perspectives
• Proven ability to lead high-stakes, complex situations with multiple stakeholders

Preferred Qualifications

• Experience across multiple asset classes or investment strategies
• Familiarity with legal assets, structured opportunities, or litigation-related investing
• Interest in building or scaling new investment strategies, including opportunistic or DIP-focused funds

Location & Structure

• U.S.; flexible/remote-friendly structure

Compesation

• Salary of $200,000-$300,000 + cash bonus + carry