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# Managing Director, Distressed Debt with an Investment Firm – Dallas, TX


Role Overview for Managing Director, Distressed Debt with an Investment Firm – Dallas, TX
JRG Partners is proud to represent a premier, multi-strategy investment firm in its search for a Managing Director to lead their Distressed Debt platform in Dallas, Texas. This is a rare and compelling opportunity for a seasoned investment professional to take on a significant leadership role within a dynamic and growing organization. The firm has a stellar reputation for its rigorous analytical approach, collaborative culture, and consistent delivery of superior risk-adjusted returns for its investors.
As the Managing Director of Distressed Debt, you will be the cornerstone of the firm’s strategy in this complex and rewarding asset class. You will be entrusted with the full lifecycle of the investment process, from origination and strategic sourcing to rigorous due diligence, deal structuring, execution, and active portfolio management. This role demands a unique blend of sharp analytical acumen, sophisticated financial expertise, strong negotiation skills, and inspirational leadership. You will be responsible for identifying and capitalizing on opportunities in financially troubled companies, navigating intricate restructuring processes, and ultimately creating substantial value for the firm and its limited partners.
The ideal candidate is a strategic thinker with a proven track record of success in distressed-for-control and special situations investing. You will be stepping into a highly visible role, not only leading a dedicated team of investment professionals but also serving as a key voice in the firm’s overall investment committee and strategy discussions. Your market insights and established network of relationships with intermediaries, legal and financial advisors, and industry executives will be critical to your success. This position offers a significant opportunity for professional growth, economic reward through carried interest, and the chance to build a market-leading franchise on a well-capitalized and supportive platform.
Key Responsibilities of Managing Director, Distressed Debt with an Investment Firm – Dallas, TX
Strategy Development and Execution
Develop and refine the firm’s distressed debt investment thesis in response to evolving market conditions, economic cycles, and industry trends. Lead the strategic direction of the group, setting annual goals for capital deployment, portfolio construction, and team growth.
Deal Sourcing and Origination
Proactively source and originate proprietary investment opportunities by leveraging an extensive network of industry contacts, including restructuring advisors, insolvency attorneys, commercial and investment bankers, and corporate executives. Cultivate and maintain these key relationships to ensure a consistent and high-quality deal flow.
Investment Analysis and Due Diligence
Lead the end-to-end due diligence process for potential investments. This includes spearheading deep dives into company financials, operational performance, competitive positioning, legal and regulatory issues, and management capabilities. Supervise the creation of complex financial models, including detailed valuation analyses (e.g., liquidation, DCF, comparable company), debt capacity models, and recovery scenarios.
Structuring and Negotiation
Lead the structuring and negotiation of complex transactions, including debt-for-equity swaps, asset purchases, DIP financings, and exit financings. You will be the lead negotiator on term sheets, credit agreements, and other legal documentation, working closely with internal and external legal counsel to protect the firm’s interests and optimize outcomes.
Portfolio Management and Value Creation
Actively oversee and manage all portfolio investments. This may involve taking board seats and working closely with the management teams of portfolio companies to implement strategic initiatives, operational improvements, and effective turnaround management strategies. You will be responsible for driving value creation plans and monitoring performance against key metrics.
Team Leadership and Mentorship
Build, lead, and mentor a high-performing team of investment professionals, including Vice Presidents, Associates, and Analysts. Foster a culture of intellectual curiosity, collaboration, and accountability. Provide guidance on career development and ensure the team has the resources and training needed to excel.
Risk Management
Champion a disciplined risk management framework throughout the investment lifecycle. Identify, assess, and mitigate key risks associated with potential and existing investments. Ensure all investment activities adhere to the firm’s compliance and regulatory standards.
Investor Relations and Fundraising
Serve as a key representative of the Distressed Debt strategy to current and prospective limited partners. Articulate the strategy, portfolio performance, and market outlook with clarity and conviction. Actively participate in fundraising efforts and contribute to the firm’s broader capital formation activities.
Requirements for the Managing Director, Distressed Debt with an Investment Firm – Dallas, TX
Professional Experience
A minimum of 15 years of progressive experience in distressed debt, special situations, private equity, or a related field within an investment bank, hedge fund, or private investment firm. A demonstrable track record of sourcing, executing, and successfully exiting distressed investments is essential.
Leadership Experience
Proven experience in a senior leadership role, with direct responsibility for managing investment teams, developing talent, and driving investment strategy. Experience serving on the boards of portfolio companies is highly desirable.
Educational Background
An MBA from a top-tier business school, a JD, or a CFA designation is strongly preferred. A Bachelor’s degree in Finance, Economics, Accounting, or a related quantitative field is required.
Technical Skills
Expert-level proficiency in financial modeling, valuation, and credit analysis. Deep understanding of corporate finance, capital structures, and the U.S. Bankruptcy Code. Must possess exceptional negotiation skills and a strong command of legal documentation related to M&A and restructuring.
Network and Reputation
An extensive and established network of relationships across the restructuring and investment community. A strong reputation for integrity, professionalism, and investment acumen.
Strategic and Analytical Mindset
Superior analytical and critical thinking skills with the ability to distill complex situations into clear investment theses. Must be able to make sound judgments under pressure and in situations with incomplete information.
Communication Skills
Outstanding written and verbal communication skills. The ability to present complex investment ideas persuasively and concisely to internal committees and external stakeholders, including institutional investors.
Location
Willingness and ability to be based in the Dallas, TX office is required.
Benefits & Perks Offered
Our client is committed to attracting and retaining top-tier talent and offers a highly competitive compensation and benefits package, including:
Competitive Base Salary
A highly competitive base salary commensurate with experience and market standards for a Managing Director role.
Performance-Based Annual Bonus
A significant annual bonus potential based on individual, team, and firm performance.
Carried Interest
A substantial opportunity for long-term wealth creation through participation in the fund’s carried interest plan.
Comprehensive Health Coverage
Premium medical, dental, and vision insurance plans for you and your eligible dependents.
Retirement Savings Plan
A robust 401(k) plan with a generous company match to help you plan for your future.
Generous Paid Time Off
A flexible and generous paid time off (PTO) policy, including vacation, sick days, and firm holidays.
Professional Development
A dedicated budget for continued education, industry conferences, and professional certifications to support your career growth.
Relocation Assistance
A comprehensive relocation package is available for exceptional candidates moving to the Dallas area.
Wellness Programs
Access to wellness initiatives, including gym membership reimbursements and mental health resources.
How to Apply
This is a retained search conducted exclusively by JRG Partners. To apply for this confidential opportunity, please submit your resume and a cover letter detailing your relevant experience and investment track record. All inquiries and applications will be handled with the utmost discretion.
JRG Partners is a leader in executive search for the financial services industry. To learn more about our expertise and how we connect exceptional talent with leading firms, please visit the JRG Partners’ Private Equity and Investment Management practice page. We look forward to reviewing your application.