Investment Team

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 has served on the boards of various private and public companies including as Chairman Lions Gate Entertainment Corporation, West Fraser Timber Company and Seaspan Corporation. Additionally, he is a founding partner and private equity/venture capital investor in a number of North American and international firms including hedge funds, mezzanine lenders, growth capital providers, distressed investment firms and real estate investment vehicles. He also served as an adviser and an investor in Tennenbaum Capital Partners LLC (purchased by BlackRock).

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.

Senior Advisory Team

Michael Mack

Michael Mack is a Senior Advisor to LBAdvisors, LLC. He is a Chair in Bend Oregon for Vistage Worldwide, a leading business advisory and executive organization. Prior to this role, Mr. Mack was the Founder and Managing Director of 2m space, a consulting firm for C‐level executives. Previously, Michael was the Founder & CEO of Garden Fresh Corp. (dba Souplantation & Sweet Tomatoes Restaurants) and COO & CEO of Brooke & Mack. Michael began his career and Bain & Company.

Mr. Mack has an M.B.A. from Harvard Business School, and a B.Sc. in Applied Math / Economics from Brown University.

Sanjeev Varma

Sanjeev Varma is a Senior Automotive Industry professional with 41+ of industry and finance experience. In the corporate world, he was Director of Marketing & Corporate Planning for Magna Powertrain, a $3 billion subsidiary of the $34 billion Magna Group. Prior to this he was a senior executive at New Venture Gear(“NVG”), a $1.6B DaimlerChrysler & General Motors Joint Venture company, where he was involved in its merger with Magna Powertrain. At NVG, he served as the Director of Marketing, Strategic Planning and Asian Sales, where he managed all marketing, strategic planning, and bizdev activities in NAFTA, Asia and Europe.

Sanjeev has a BS in Mechanical Engineering from Indian Institute of Technology, Kanpur in India and a MS in Mechanical Engineering from Syracuse University in the US. He has completed Executive Education Programs in Finance & Marketing at Wharton Business School, University of Pennsylvania.

Adam Garfein

Dr. Garfein has over 35 years of experience in operational and business transformation, profit improvement, manufacturing, science and technology, software and analytics, program/project management, innovation and marketing in defense, aerospace, automotive, industrial, life sciences, medical devices,
construction management, software and government sectors. Holistic thinking and action with a collaborative approach make him an invaluable asset in navigating complex business, advanced technical and supply chain challenges.

Dr. Garfein has a Ph.D. & M.S., in Human Development & Family Studies, Gerontology from the Pennsylvania State University, and a B.A. in Psychology from University of Southern California. He has also completed Postdoctoral Research Fellowships, from the University of Michigan, Institute of Gerontology & Institute for Social Research.