CMIP – Investment Team Biographies
Andrew Muns currently serves as a Managing Director and as a member of the Investment Committee of CM Investment Partners LLC. He is also a Managing Director and Head of Research in the Credit Investments Group at Stifel Investment Bank, where he continues to provide support as an analyst on an as-needed basis. Mr. Muns has over 14 years of leveraged finance experience. Previously, Mr. Muns helped to develop the credit research platform at Cantor Fitzgerald as a Managing Director with the Special Situations and Leverage Loans Desk. At Cantor Fitzgerald, Mr. Muns served as a market facing senior credit analyst as well as overseeing the rollout of a new research distribution and publication model that significantly expanded the reach of the loan group. Mr. Muns worked closely with Messrs. Nitka, Dibble and Alpern to build the various components of the Cantor Fitzgerald business. Before working at Cantor Fitzgerald, Muns worked as a senior investment analyst with Icahn Associates, the manager of Carl Icahn’s activist hedge fund, and later as a managing director with Sabretooth Capital, a global multi-strategy hedge fund. From 2002 to 2006 Mr. Muns was a distressed desk analyst with Bank of America where he advised the firm’s proprietary secondary trading and interfaced with institutional investors through his coverage of distressed credits across multiple industry verticals. Messrs. Muns, Nitka and Dibble worked together at Bank of America to expand the group’s presence in the middle-market and distressed loan market. Prior to earning his M.B.A. from Columbia Business School, he worked as a math education volunteer for the Peace Corps in the Central African Republic and as a consultant with PDVSA in Venezuela. Mr. Muns is fluent in Spanish and conversant in French and Sango. Mr. Muns received a BA from Northwestern University.
Zach Alpern currently serves as a Managing Director of CM Investment Partners LLC. He is also a Director in the Credit Investments Group at Stifel Investment Bank, where he continues to provide support as an analyst on an as-needed basis. Mr. Alpern has over twelve years of experience in leveraged finance. Mr. Alpern joined Stifel Investment Bank from Cantor Fitzgerald, where he was a trader focused on par and distressed loans, as well as post-reorganization private equities. Mr. Alpern worked closely with Messrs. Nitka, Muns and Dibble to build the various components of the Cantor Fitzgerald business. Prior to Cantor Fitzgerald, Mr. Alpern spent four years as part of the Leveraged Finance Group at Blackrock, where he was responsible for credit analysis, trading bank loans, as well as managing amendment and restructuring processes for loan positions across a variety of investment mandates. He was also responsible for day-to-day management of six active and three run-off CLOs, and assisted with the management of closed and open-ended mutual funds and separate accounts, as well as BCI, an $8bn levered credit dislocation fund. Mr. Alpern also helped develop a variety of bank loan-specific analytical tools to track relevant deal information, reporting, risk, and trade compliance across Blackrock’s loan mandates. Mr. Alpern received a BA from Georgetown University.
John Dibble currently serves as a Managing Director of CM Investment Partners LLC. He is also a Director in the Credit Investments Group at Stifel Investment Bank, and is also responsible for executing primary and secondary trades for Stifel Bank & Trust. He continues to provide analytical support and trade execution services to Stifel on an as-needed basis. Mr. Dibble has over fourteen years of experience in leveraged finance and in particular, loan and distressed sales and trading. Mr. Dibble joined Stifel Investment Bank from Cantor Fitzgerald, where he helped build the loan and distressed sales and trading platform. He was responsible for trading Cantor Fitzgerald’s agented names as well as sourcing middle market trade ideas and product. Mr. Dibble worked closely with Messrs. Nitka, Muns and Alpern to build the various components of the Cantor Fitzgerald business. Prior to Cantor Fitzgerald, Mr. Dibble spent four years on the distressed sales and trading desk at Bank of America. At Bank of America he was responsible for the operational aspects of over $3bn of positions for the distressed trading desk including loans, bonds, trade claims, post-reorg equity, public equity, equity options and aircraft. Messrs. Dibble, Nitka and Muns worked together at Bank of America to expand the group’s presence in the middle-market and distressed loan market. Previously, he worked as an Associate at Deutsche Bank in their Private Wealth Management group where he helped structure and underwrite collateralized loans as well as monitor bank’s existing loan portfolio. Mr. Dibble received a BA from College of the Holy Cross.
Additional Investment Professionals*
Dan Bordessa is a Partner and Portfolio Analyst at Cyrus Capital Partners. He is responsible for the identification and management of investments across a number of sectors in North America and Europe. Mr. Bordessa currently represents Cyrus on the board of directors of several portfolio companies. Prior to joining Cyrus, Mr. Bordessa was an Executive Director at Lazard in their London office where he was responsible for providing restructuring and mergers and acquisitions advice. While at Lazard, Mr. Bordessa advised on many of Europe’s largest restructurings and was a frequent speaker at industry conferences and other events. Prior to joining Lazard in 1999, Mr. Bordessa worked at National Bank Financial, the investment banking arm of the National Bank of Canada. Mr. Bordessa has an MBA from the Schulich School of Business at York University in Toronto and holds an Honours Bachelor of Commerce degree.
Lucien Farrell is a Partner of Cyrus Capital Partners and runs its European Operations. Mr. Farrell joined OZF Capital, the predecessor firm to Cyrus, in 2002 as a research analyst and later as Principal based in London and focused on European opportunities. Prior to joining OZF Capital, Mr. Farrell was a Principal at Apollo Management, L.P. based in London. At that firm, he was focused on private equity investments including those in distressed companies. From 1997 to 2000, Mr. Farrell was a member of the Mergers & Acquisitions Department and Principal Investment Area of Goldman Sachs in New York and London respectively. Mr. Farrell served on the Board of Directors of Unity Media, the second-largest cable company in Germany, from 2005 (and on its Audit Committee since 2007) until the successful sale of the company to Liberty Global Inc. in 2010. Mr. Farrell is a member of the Pembroke College Cambridge Campaign Board, which works to increase the College’s endowment, and is a Director of various Cyrus affiliated companies. He has an M.A. in Economics from the University of Cambridge.
Sumaer Grewal is a Portfolio Analyst at Cyrus Capital Partners. Prior to joining Cyrus (in its London office), Mr. Grewal was an analyst in the M&A and Restructuring Advisory departments of The Blackstone Group in London from 2008-2010. Mr. Grewal holds an M.A. in Philosophy, Politics and Economics from the University of Oxford.
Robert Jackson is the Senior Managing Director of Cyrus Capital Partners. Prior to joining Cyrus, he spent seven years at Goldman Sachs in New York within the Fixed Income, Currency and Commodities Division. At Goldman Sachs, he was a senior trader with the Distressed Products Group. He was also a founding team member and head CDS trader in the Goldman Sachs Capital Structure Trading Group. Over this time Mr. Jackson has employed multiple credit related products to trade extensively across credit strategies including credit curve, convexity, capital structure and long short relative value trades. In addition, Mr. Jackson has traded and managed investments in the Automotive OEM, Auto Supplier, Specialty Finance, Broker-Dealer, Airline, Media and Distressed strategies, across multiple asset classes. Mr. Jackson has a B.S. in Economics from The Wharton School at the University of Pennsylvania, where he graduated summa cum laude.
Joseph Kronsberg is a Portfolio Analyst at Cyrus Capital Partners. Prior to joining Cyrus Capital, Mr. Kronsberg worked at Greenhill & Co. as a generalist in its Mergers & Acquisitions and Restructuring departments. Mr. Kronsberg has a B.S. in Economics from the Wharton School, where he graduated summa cum laude.
Robert Lentini is a Partner and Head of Trading at Cyrus Capital Partners. He was a senior fixed income and credit trader at OZF Capital in New York. Prior to joining OZF Capital, Mr. Lentini was a senior bond trader at GE Asset Management responsible for all high yield, crossover and distressed trading. From 2000-2002, he worked at Triton Partners as a high yield/CDO trader. Mr. Lentini also worked at Salomon Smith Barney in corporate sales trading and at Garban Securities as an institutional corporate bond broker. Mr. Lentini is a member of AIMR. He holds a B.S. in Business Management from St. Francis College and holds the Chartered Financial Analyst designation.
Mr. Nikov is a Portfolio Analyst at Cyrus Capital Partners. Mr. Nikov has over ten years of experience with sub-investment grade debt issuers. Prior to joining Cyrus, Mr. Nikov was a Director in the Leveraged Finance Group of Citigroup where he focused on debt financing transactions for leveraged companies controlled by financial sponsors as well as issuers in the chemicals, packaging and building materials industries. Prior to joining Citigroup in 2001, Mr. Nikov worked in the Leveraged Finance Group of JPMorgan and in the Emerging Markets Economic Research department of Goldman Sachs. Mr. Nikov holds an M.B.A. from Georgetown University and a B.A. with a dual major in Economics and Business Administration from the American University in Bulgaria.
Mike Nitka, CFA
Mike Nitka currently serves as a member of the Investment Committee of CM Investment Partners LLC. Mr. Nitka also serves as a Managing Director and Head of the Credit Investments Group at Stifel Investment Bank, where he advises Stifel Investment Bank’s capital markets and global wealth groups on matters related to debt capital. Mr. Nitka has over twenty years of experience in leveraged finance and has been instrumental in building several businesses. Mr. Nitka joined Stifel Investment Bank from Cantor Fitzgerald where he built a syndicated loan specialty banking, sales and trading business from 2009-2012. In this role, he oversaw the origination and execution of loan banking engagements, all riskless and proprietary secondary loan trading activity, and was also responsible for business oversight and administration. Mr. Nitka worked closely with Messrs. Muns, Dibble and Alpern to build the various components of the Cantor Fitzgerald business. Prior to Cantor Fitzgerald, Mr. Nitka was a private credit sourcer and sales person at Credit Suisse where he had senior responsibility for originating, sourcing and selling distressed assets. From 2003-2007 Mr. Nitka was instrumental in the development of the Bank of America distressed business. Messrs. Nitka, Muns and Dibble worked together at Bank of America to expand the group’s presence in the middle-market and distressed loan market. Mr. Nitka managed his first trading business at Societe Generale, NY from 1999-2003. Mr. Nitka received a BA from Loyola University and has achieved the designation of Chartered Financial Analyst and is a member of the New York Society of Security Analysts.
John Rapaport is a Partner and Portfolio Analyst at Cyrus Capital Partners. Prior to joining Cyrus, Mr. Rapaport was employed by Bain Capital, Sankaty Advisors in Boston from 2004–2008 where he was most recently an Associate focusing on Automotive OEM and Suppliers. As an analyst Mr. Rapaport has also focused on the Airline, Aerospace, Transportation, General Industrial and Energy Industries. Mr. Rapaport graduated magna cum laude with honors with an AB in Economics from Harvard University.
Peter Scott is a Portfolio Analyst at Cyrus Capital Partners in its London office. Prior to joining Cyrus, Mr. Scott was an Associate at Sankaty Advisors in London focusing on European opportunities in performing high yield and distressed credit. From 2006 to 2007 he was an Analyst at Goldman Sachs. At Goldman he was a member of the Financing Group working on sovereign high grade debt syndication. He has a PhD in Behavioral Economics and an M.A. in Land Economy from the University of Cambridge.
*Individuals listed above that are partners or employees of Stifel, Nicolaus & Company, Incorporated or Cyrus Capital Partners, L.P., are not employees of CM Finance Inc. or CM Investment Partners LLC. These listed individuals are solely employed by Stifel, Nicolaus & Company, Incorporated or Cyrus Capital Partners, L.P. and provide certain services to CM Investment Partners LLC pursuant to an arrangement with Stifel, Nicolaus & Company, Incorporated or a services agreement between CM Investment Partner LLC and Cyrus Capital Partners, respectively.