Portage Point Appoints Steven Shenker as Co-Head of Turnaround & Restructuring Services
Portage Point Partners has appointed Steven Shenker as co-head of its Turnaround & Restructuring Services (TRS) alongside Tom Studebaker. This leadership expansion is part of the firm's strategy to scale and strengthen its market-leading TRS platform, which provides restructuring advisory, interim management, performance improvement, and transaction capabilities for middle-market companies. Shenker joined Portage Point in 2020 as Senior Vice President and has led over 50 turnarounds and restructurings. He brings extensive experience from roles such as Chief Restructuring Officer (CRO) at multiple firms including Blink Fitness, TPX Communications, and QC Supply. Matthew Ray, founder of Portage Point, emphasized the importance of Shenker's contributions to TRS growth and his role in shaping broader firm strategy. The move reflects growing demand for restructuring services as private credit becomes more prominent in capital structures. Studebaker highlighted Shenker’s expertise and connections within the industry, which will help strengthen leadership capacity and client outcomes.
Topics: executive appointment middle market advisory restructuring services