Providing liquidity and superior execution services in distressed and special situation markets worldwide.

Fulcrum is a boutique investment firm specializing in the trading and analysis of distressed and special situation investment opportunities. Fulcrum combines proprietary capital with an established sales, trading and advisory business to provide robust market liquidity on a worldwide basis.

We are a top-tier institution in the secondary market for distressed claims and other illiquid debt, having closed nearly $30 billion in trades since inception. As specialists in illiquid and distressed instruments, we regularly provide creative and bespoke solutions to our counterparties.

Our distressed trading activities focus on the financial obligations of leveraged and financially troubled corporations and sovereigns, with an emphasis on entities that are involved in a workout, restructuring or liquidation.

Our special situation activities focus primarily on private market transactions involving illiquid investment opportunities available in event-driven and inefficient trading environments.

Due to the firm’s extensive network we have the ability to participate in most situations regardless of size, complexity or geographic scope.

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What We Do

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Bank Debt

Bank Debt

Fulcrum transacts in syndicated, bi-lateral and club deal senior secured bank loans with an emphasis on inefficient markets and misunderstood capital structures.

Bonds

Bonds

Fulcrum transacts in secured and unsecured debentures with an emphasis on private placements, physical settle and other illiquid bond related instruments.

Insolvency Claims

Insolvency Claims

Fulcrum transacts in insolvency claims worldwide with an emphasis on trade, lien, secured, priority and rejected contract claims. Fulcrum is creative with its structuring and focuses on large and complex transactions.

Limited Partner Interest

Limited Partner Interest

Fulcrum transacts in limited partner and shareholder interests of various troubled investment funds.

Litigation Claims

Litigation Claims

Fulcrum transacts in litigation rights associated with liquidating trusts, opt-out claims, class and group actions.

Promissory Notes

Promissory Notes

Fulcrum transacts in private note instruments on a pre-restructuring or post-restructuring basis with a particular emphasis on mid-cap insolvent corporates.

Reorg Equities

Reorg Equities

Fulcrum transacts in special situation and post-reorganization equities with the ability to clear physical settle securities and exchange traded securities on most international and regional exchanges.

Structured Products

Structured Products

Fulcrum transacts in distressed and broken down structured products with an emphasis on inefficient markets and misunderstood structures.

FULCRUM LEADERSHIP

We have the capacity to facilitate complex transactions end-to-end starting with counterparty identification/engagement and ending with trade closing and legal settlement.

  • Matt Hamilton

    Co-Founder

    Matt Hamilton

    Co-Founder

    Mr. Hamilton has over 12 years of experience in the global distressed market. Prior to founding Fulcrum, he was a Managing Director and Head of Private Debt Trading for APS Capital Corp., a distressed investment boutique focusing on trade claims and bank debt research, sales and trading. Mr. Hamilton started his career at Akin, Gump, Strauss, Hauer and Feld, LLP working in the firm’s corporate and securities section. He attended San Jose State University on a Division I baseball scholarship and graduated summa cum laude with a degree in Administration of Justice and a concentration in Finance. He is also a graduate of UC Hastings Law School where he earned his J.D. Mr. Hamilton serves on the Board of Directors of CASA of Travis County, a non-profit that serves and advocates for abused and neglected children.

  • Timothy Horrigan

    Co-Founder

    Timothy Horrigan

    Co-Founder

    Mr. Horrigan has over 18 years of experience in the global distressed market. Prior to founding Fulcrum, he was a Senior Vice President on the Credit Sales and Trading desk at APS Financial. Prior to joining APS, Mr. Horrigan worked in the Mortgage Strategies group at PaineWebber. He earned his MBA from the University of Texas and graduated with honors from the Michigan Technological University with a Bachelor of Science in Mechanical Engineering. Prior to beginning his career in finance, Mr. Horrigan worked as an Aerospace Structural Design Engineer for both General Dynamics and NASA.

  • Peter Herzog

    Head of Sourcing

    Peter Herzog

    Head of Sourcing

    Mr. Herzog oversees Fulcrum’s sourcing operations. Prior to joining Fulcrum, he was an outside sales account executive with Dell Financial Services covering large corporate accounts in the Washington D.C. metro area. Mr. Herzog began his career as a consultant with PricewaterhouseCoopers. At PWC, he was focused on the sale and implementation of corporate cash flow generating tax products. Mr. Herzog graduated with honors from the University of Missouri with a Masters in Accountancy and holds the CPA designation.

  • Christopher Provost

    Head of Research

    Christopher Provost

    Head of Research

    Mr. Provost has over 19 years of experience in the global distressed market. Prior to joining Fulcrum, he was a partner at Diamond McCarthy LLP, where he represented institutional clients in investment-determinative legal analyses and plaintiffs in bankruptcy litigations. At Satellite Asset Management, Mr. Provost invested in distressed situations in all areas of the capital structure and took an active role on creditors’ and lender steering committees. He was an analyst on the distressed and high yield desks with Citigroup Global Markets and Imperial Capital. Before joining Imperial, he was counsel in the financial restructuring group of Akin, Gump, Strauss, Hauer & Feld’s New York office. He graduated summa cum laude in Economics from the University of Colorado at Boulder and received a J.D. from Cornell Law School. Mr. Provost is a member of the State Bar of New York and is admitted to practice before the United States District Courts for the Southern and Eastern Districts of New York.

  • Carol Lin

    Head of Principal Acquisitions

    Carol Lin

    Head of Principal Acquisitions

    Ms. Lin serves as a Managing Director and heads asset acquisition for Fulcrum’s internal investment funds. She has nearly two decades of experience within the global credit market, specializing in distressed, illiquids and special situations. Prior to joining Fulcrum, Ms. Lin was the Head of Sourcing at Barclays Capital in the Distressed Trading and Special Situations Group. In this capacity, Ms. Lin identified and formulated strategic approaches to sourcing distressed assets globally. Prior to Barclays, Ms. Lin led the sourcing efforts for all of Asia Pacific for Morgan Stanley Asia in the Distressed, Illiquid & Special Situations Group. Before joining Morgan Stanley, Ms. Lin was a Managing Director at Bank of America Securities Merrill Lynch in the Global Loan Syndication & Sales Group in New York and London, specializing in distressed sourcing. Ms. Lin graduated with Honors from Georgia Institute of Technology with a Bachelor of Science in Electrical Engineering and received her MBA in International Business and Finance from Columbia Business School.

  • Jesse Hibbard

    Investment Committee

    Jesse Hibbard

    Investment Committee

    Mr. Hibbard has over 17 years of experience in the global distressed market. Prior to joining Fulcrum, he deployed capital in distressed investments at Och-Ziff Capital Management. Prior to joining Och-Ziff, Mr. Hibbard was a Portfolio Manager for the U.S. Corporate Credit business at HBK Capital Management where he also focused on distressed investments. He has sat on creditors’ committees in numerous cases including Adelphia Communications, Calpine Corporation and Owens Corning. Mr. Hibbard began his career at Donaldson, Lufkin and Jenrette. He graduated summa cum laude from the Wharton School of the University of Pennsylvania. Mr. Hibbard serves on the Board of Directors of the North Texas Food Bank. He chaired the panel “Hedge Funds and Distressed Debt Investing: the Past, Present and Future” at INSOL’s Annual Regional Conference in Hong Kong in March 2014.

  • Oliver Castelino

    Dubai- SEO

    Oliver Castelino

    Dubai- SEO

    Mr. Castelino serves as Managing Director and Senior Executive Officer at Fulcrum Capital (Dubai) Ltd. Mr. Castelino has over 10 years of institutional investment experience. Prior to joining Fulcrum, Mr. Castelino allocated capital across public equity, fixed income and hedge fund asset classes for the duPont Trust, a private foundation. Prior to his service at the foundation, Mr. Castelino worked for Highland Capital Management, an alternative investment manager where he focused on investing capital in the real estate equity and debt markets. He began his career at Wachovia Securities (Wells Fargo Securities) as an investment banking analyst focused on the origination and securitization of structured products. Mr. Castelino received his M.B.A. with distinction from the Mendoza College of Business at the University of Notre Dame.

  • John Liptak

    Managing Director

    John Liptak

    Managing Director

    Mr. Liptak has over 18 years’ experience in the global distressed and special situations market. Prior to joining Fulcrum, Mr. Liptak headed up the Asian distressed and special situations trading desks for Citigroup and Banc of America based in Hong Kong and was responsible for strategy and all capital commitments for the Asia market focusing on distressed / stressed credit products, private equity, NPL portfolios and rescue financings. Prior to coming to Asia in 1998, Mr. Liptak worked in New York for UBS (’97 to ’98) on the Global High Yield / Distress trading desk. Mr. Liptak began his career at CS First Boston (’93 to ’97) on the US High Yield desk conducting high yield research. Mr. Liptak holds a B.S. degree in Accounting and Finance from University of South Carolina and a M.B.A. from the University of Notre Dame.

FULCRUM ACROSS THE GLOBE


  • Texas

    111 Congress Avenue, 25th Floor, Austin, Texas 78701
    +1 (512) 473 2771

    2100 McKinney Avenue, 14th Floor Dallas, Texas 75201
    + 1 (214) 442 2991

  • Dubai

    Currency House, Tower 2 Office 201 DIFC, Dubai United Arab Emirates
    + 971 (4) 376 7000



  • Hong Kong

    30/F 30 Queen's Road. Hong Kong Central
    + (852) 9100 5302