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George J. Schultze
Mr. Schultze is Managing Member and Portfolio Manager
of the General Partner. He chairs
the General Partner’s Investment and Strategy Committees and,
together with his team, makes the final decision on all investments for the
portfolio.
Mr. Schultze previously served on the following Boards
and committees:
American Plumbing & Mechanical, Inc. –
Chair of Bondholders’ Committee;
Armstrong World Industries, Inc. – Ad Hoc
Committee of Debtholders;
Atkins Nutritional – Ad Hoc Bank Lenders’
Committee;
Breed Technologies, Inc. – Trust
Beneficiaries’ Ad Hoc Committee;
Chrysler -- Committee of Non-TARP 1st Lien
Lenders;
Collins & Aikman Corp. -- Ad Hoc Bank
Lender’s Committee;
General Chemical Group, Inc. – Official
Bondholders’ Committee;
Horizon Natural Resources – Pre-petition Senior
Lenders’ Committee;
Interstate Bakeries Corp. – Ad Hoc Trade Claim
Committee;
Interstate Bakeries Corp. – Ad Hoc Senior
Lenders’ Committee;
Le Nature’s Inc. – Ad Hoc Committee of
Secured Lenders;
M. Fabrikant & Sons, Inc. -- Bank Lender’s
Committee;
Tropicana Entertainment Opco -- Secured
Lenders’ Litigation Trust Subcommittee;
Tropicana Entertainment Opco -- Secured
Lenders’ Steering Committee;
Tweeter Home Entertainment Group, Inc. –
Post-petition Lender’s Committee;
Tweeter NewCo, LLC – Board of Directors;
Twinlab Corp. – Ex Officio Bondholders’
Committee;
United Airlines – Ad Hoc Municipal
Bondholders’ Committee (JFK Facility);
US Timberlands – Ad Hoc Bondholders’
Committee;
Washington Group International – Class 7 Claim
Holders Ad Hoc Committee; and
Werner Holding Co., Inc. – Second Lien Bank
Debt Committee and Werner’s Board’s Audit Committee.
Mr. Schultze was elected as a Director to the
following Boards:
Power Plumbing GP, Inc. on November 29, 2005;
Werner Holding Co. on November 7, 2007;
Fabrikant Inventory, LLC on July 20, 2007;
Fabrikant Receivables, LLC on July 20, 2007 and
appointed Chief Liquidating Officer for Fabrikant Receivables in the
Whitehall Jeweler’s Case on June 26, 2008,
Le Nature’s Inc. Liquidation Trust on July 17,
2008; and
Pineapple Grove Village Condominium Association, Inc.
on October 15, 2008.
Mr. Schultze has been actively investing in
distressed securities for over 14 years.
During and after graduate school, he managed a family fund investing
in distressed securities and special situations investments.
Prior to founding the General Partner, Mr. Schultze
was a Senior Analyst at MD Sass, one of four professionals investing a $1.3
billion portfolio of distressed securities.
While there, he honed his activist approach to investing with
analysis and committee work for various investments including: Marvel
Entertainment Group, MobileMedia Communications, Signet Jewellers, and CGE Ford Heights.
While in graduate school, Mr. Schultze was employed
with Fiduciary Partners, Mayer Brown & Platt, the Law Office of Grant
Herrmann Schwartz & Klinger, and Merrill Lynch. At Fiduciary Partners, a $25 million
fund-of-funds that invested in event-driven hedge funds, he developed
strong views on the types of distressed strategies that lead to consistent
success. As a summer associate (over
two summers) at Mayer Brown & Platt, he gained experience working on
bankruptcy litigation for Dow-Chemical, bankruptcy litigation for senior
lenders in Witty Hardware, the SEC registration of several mutual funds,
and various other matters.
Mr. Schultze is a joint graduate of Columbia Business
School and Columbia Law
School, JD/MBA. He founded the Columbia Law School
Investment Club and served as editor for the Columbia Business Law Review. He authored several papers including: Negotiating
the TWA Bankruptcy Restructuring, Tax Factors and ERISA Implications of
Corporate Restructurings, and International Banking Law. While at Columbia, he placed 2nd in the
1995 business school annual stock-picking contest.
Mr. Schultze earned a B.A. from Rutgers College
where he graduated with a joint major in Economics/Political Science and
earned the Henry Rutgers Scholar distinction. At Rutgers,
he won The Wall Street Journal Award for Excellence in Economics for his
investment paper on the term structure of interest rates. He also placed 23rd nationwide
(from over 14,000 participants) and first at Rutgers
in the 1991 AT&T Annual Stock Picking Contest.
Mr. Schultze is a frequent speaker at investment
conferences such as the Harvard Business School Venture Capital &
Private Equity Conference, the Wharton Business School Distressed
Securities Forum, the Columbia Business School Investment Management
Conference, the Beard Group Distressed Securities Forum and the Opal
Financial Summit. He has also been
interviewed by various media including Bloomberg Business Radio. Mr. Schultze is a member of the American
Bankruptcy Institute and has been quoted in numerous publications including
TheStreet.com, CNN, CNNfn, The Wall Street Journal, and The Daily Bankruptcy
Review among others.
Separately, he serves on the Investment Finance
Committee of Resurrection Church in Rye,
New York.
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