L. Spencer Wells

L. Spencer Wells

PARTNER

  swells@drivetrainadvisors.com
  212 856 9700
   

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PROFILE

Executive with extensive director and management experience in hedge funds, specializing in distressed debt and equities. Investing and operations expertise in domestic/international industries. Audit Committee eligible experienced board member.

Primary skills include bankruptcy and restructuring expertise in stressed and distressed companies, finance expertise focusing on investment analysis of private and public companies, strategic planning, and portfolio management.

PARTNER / DIRECTOR EXPERIENCE

2012-Present TPG Special Situations Partners, San Francisco, CA — Senior Advisor

2010-2012 TPG Special Situations Partners, San Francisco, CA — Partner

As Senior Advisor, assist in the sourcing and diligence process for new investments. As Partner, Senior member of a team of investment professionals responsible for creating and managing a $2.5B portfolio of distressed credit investments employing a “distressed for control” investment strategy.

• Responsible for sourcing and analyzing new investments and monitoring risk in a distressed credit investment portfolio;
• Invested across industries, including Oil and Gas, Real Estate, Gaming and Industrials;
• Assisted in the process of raising a new $2.5bn fund investing in corporate and real estate debt.
2002-2009 Silverpoint Capital, Greenwich, CT — Partner and Portfolio Manager

Managed an approx. $1.3B investment portfolio consisting primarily of stressed and distressed bank loans and bonds, but also including public and private equity investments. Extensive experience investing in Oil and Gas Exploration/Production, Power Generation, Oilfield Services, Building Products, Chemicals, Metals and Mining and Financial Services sectors.

• Responsible for sourcing and analyzing new investments and monitoring risk in a distressed credit investment portfolio;
• Permanent member of the Portfolio Committee tasked with managing a $6B portfolio with investments in numerous industries and instruments across the capital structure;
• Performed legal and financial due diligence on a wide variety of fixed income and equity investments;
• Led numerous workout negotiations on behalf of creditors, including in the bankruptcies of Enron, NRG and Calpine et al.;
• Developed an extensive network of relationships in the distressed debt investing community, including investment, trading, legal and restructuring professionals;
• Made significant investments in the capital structures of Enron, Lehman Brothers, Capmark, Exco

Resources, Calpine, NRG, Mirant, Dynegy, PetroGeo Services, Rockwood, MASSPOWER Holdings, Centerpoint Energy, PG&E, Helmerich & Payne, Building Materials Corp and AES Corp, among others.

2001-2002 Union Bank of Switzerland, Stamford, CT — Director
Analyst on the Distressed Debt trading desk