LBAdvisors, LLC’s investment professionals are industry leaders in all classes of securities, equity and obligations of distressed companies. The founders’ over 30 years of distressed experience as principals – as fund managers, founders of several funds, advisors, and board members – creates unparalleled experience to achieve superior results.

Russell Belinsky – Co-Founder

Russell Belinsky is a Co-Founder and Managing Partner of LBAdvisors, LLC. Mr. Belinsky also co‐founded a previous private equity firm ‐ Balmoral Advisors (Fund 1), a deep‐value, lower middle market, control oriented private equity firm. He led the firm’s investments in restructurings, turnarounds, orphaned business and other special situations generating top decile performance since inception.
Russell Belinsky was previously a senior managing director at Duff & Phelps and co‐leader of the Restructuring Advisory practice. In 1990, Russell co‐founded Chanin Capital Partners (CCP), a leading specialty investment banking firm, which was acquired by Duff & Phelps in 2006. Prior to CCP, Mr. Belinsky was with the law firm of Skadden, Arps, Slate, Meagher & Flom.
Mr. Belinsky earned his J.D., cum laude, from Georgetown University Law Center. He earned his Bachelor of Science in business administration, magna cum laude, from Wayne State University.

Harald Ludwig – Co-Founder

Harald Ludwig is the co-founder of LBAdvisors, LLC and a co-founder of Balmoral Advisors. Since 1985 Mr. Ludwig has served as President of Macluan Capital Corporation, a diversified private equity and investment firm.  He served on the boards of various private and public companies including Lions Gate Entertainment Corporation, West Fraser Timber Company and Seaspan Corporation. Additionally, he is a founding partner or private equity investor in a number of North American and international private equity firms, hedge funds, mezzanine lenders, growth capital providers, distressed investment firms and real estate investment vehicles. He also serves as an adviser to Tennenbaum Capital Partners LLC, a private investment firm.

Michael Accordino – Managing Director

Michael Accordino is a Managing Director. Mr Accordino was founder and Managing Partner of Playa Capital Partners. Mr. Accordino was previously a vice president at Rimrock Capital Management and co‐head of the Tactical Opportunities Group (“Tac Opps”). Tac Opps has an opportunistic and flexible mandate to invest across distressed debt, special situations and bespoke direct lending. Previously, Mr. Accordino worked within the Distressed Debt Group at Cerberus Capital Management. Michael began his career within investment banking at Peter J. Solomon Company.
Mr. Accordino earned his Bachelor of Arts from Columbia University and was Captain of the Men’s Varsity Tennis Team.