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Gordon Brothers Group hires president of debt investment group

Gordon Brothers Group, an advisory, restructuring and investment firm specialising in the retail, consumer products, industrial and real estate sectors, has added Judy K. Mencher to its investment management affiliate, GB Merchant Partners, as president of the debt investment group.

Mencher will focus on the debt portfolio. 

"Judy’s expertise in special situation, distressed and high yield investments will allow us to fully exploit the unique debt investment opportunities that have been created by unprecedented market conditions," says Michael Frieze, chief executive officer of Gordon Brothers Group.

Gordon Brothers Group made its first debt investment in 1993 and has grown its portfolio over the years. Gordon Brothers generally makes junior secured loans, Tranche B loans or enterprise value loans to both private and public middle-market companies primarily in the retail, consumer products and industrial sectors. Loans are typically used by borrowers for working capital, to fund long-term growth, to execute an acquisition or to facilitate a turnaround.

"What attracted me to Gordon Brothers Group is their comprehensive understanding of asset values and business operations which is derived from their extensive asset recovery and appraisal work," says Mencher. "That expertise and the ability to apply this knowledge base to debt investing is what makes their approach truly unique."

Prior to joining Gordon Brothers Group, Mencher was as a principal at DDJ Capital Management, which she co-founded in 1996, and served as a portfolio manager. She also participated in numerous restructurings, mergers, acquisitions and recapitalisations.

Earlier in her career, she served as associate general counsel and then vice president at Fidelity Investments in the high yield group, as well as associate and then partner at the law firm Goodwin Procter where she specialised in bankruptcy and corporate financing transactions.

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