Peter Burton

• Lead all aspects of distressed investment recovery, overseeing ~$750MM in debt and equity investments across multiple industries
• Develop and execute customized turnaround strategies, including operational improvements, financial restructuring, and stakeholder negotiations; leveraging 3rd party expertise as needed
• Partner with sponsors, management teams, lenders, and party advisors to maximize recoveries while ensuring long-term business viability.
• Establishe frameworks to drive data-informed decision-making processes; enhanced cash flow models, forecasting systems and KPI accountability
• Evaluate and refresh C-suite leadership as needed, while designing and implementing executive retention and incentive programs to strengthen and stabilize management teams
• Develop and execute growth strategies, both organic and inorganic, including revenue expansion and optimization, cost reduction, and M&A tuck-ins to enhance business value
• Lead the exit and sale process, overseeing strategy, investment bank engagement, and transaction execution to maximize shareholder value
• Member of Board of Directors; establish and serve on the Audit, Compliance and Compensation sub-committees of each portfolio Company

Select Portfolio Achievements:

Consensual Turnaround Leadership: Successfully took control of two physician practice management companies (~$680MM in par value) and initiated restructuring efforts

• Optical Practice. Developed and executed on a strategic value creation plan to achieve positive cash flow within two years and 10% EBITDA margins; increased EBITDA by $6M and cash flow from operations by $7.5M in 2024
• Dermatology Practice. Grew EBITDA from $20M to $45M over three years through cost optimization, new practice launches, and strategic acquisitions.

Industrial Turnaround Execution: Leading the turnaround of a bulk material handling company

• Expanded sales coverage (territory managers, inside sales team and distribution partners), approved new product and sourcing strategy and led divestiture of non-core international assets; targeting a sale in late 2025

High-Value Exit: Led the sale of a commercial LED lighting company for ~36x trailing EBITDA (~9x forward EBITDA), recovering ~110% of its latest mark (~74% of outstanding debt plus accrued interest)

• Led the Workout and Restructuring Group, overseeing the optimization of ~$1.0BN in underperforming or distressed credits; served as a key member of the Restructuring Committee
• Served on 6 boards as a director and 20 as an observer, providing governance oversight and strategic direction
• Developed and executed restructuring strategies, including viability assessments, stakeholder consensus building and negotiations, rights and remedies evaluations, incremental financing, and ongoing monitoring
• Represented and negotiated as Agent and debt club member to maximize recoveries, interfacing with borrowers, sponsors, advisors, and legal counsel
• Controlled, operated, and restructured 12 portfolio companies (~$0.6BN) through both in-court and out-of-court processes; successfully exited 8 companies, delivering strong recoveries
• Led negotiations with multiple stakeholders to drive favorable outcomes
• Spearheaded executive searches, replacing board members and C-suite leadership

White Oak Merchant Partners, Director - Leveraged Finance Originations (2012–2014) – Developed East Coast investment and origination effort for $2.0BN San Francisco based middle-market direct lending fund

BTIG LLC, Director - Fixed Income Capital Markets Group (2010–2011) – Managed middle-market leveraged loans and debt financing team and forged strategic partnerships with global i-banks, international commercial banking institutions and 3rd party advisors to deliver $300M in debt financing

Emporia Capital Management, Vice President - Portfolio Manager (2006–2009) – Originated and managed $300MM leveraged loan portfolio for a $1.5BN CLO

Royal Bank of Scotland, Associate - Leveraged Finance Group (2003–2006) – Managed $300MM+ portfolio of middle-market leveraged loans & M&A financing; structured and marketed $1BN of follow-on debt

JPMorgan Securities, Analyst - Syndicated & Leveraged Finance (2000–2002) – Provided $5.0BN+ leveraged loan and bridge financings to corporate and sponsor clients in support of buyout, recapitalization and restructuring needs