Leadership

Prior to forming Providence, Mr. Schutzman was a Partner and founding member of Gratia Capital, a Los Angeles-based multi-strategy hedge fund, focused on value and event-driven investments across the capital structure.  From May 2012 – June 2018, Mr. Schutzman played a pivotal role in Gratia Capital’s fund performance and business development.  Through investments in public equities and debt, he generated exceptionally strong and consistent returns on capital.  These returns helped Gratia to grow from its initial seed investment of $25 million in April 2012 to over $500 million in assets under management.  In addition to sourcing and managing investments, Mr. Schutzman also served a dual role as Head Trader during Gratia Capital’s first two years and was responsible for developing and managing its trading and operations functions.  Through this multi-faceted role at Gratia Capital, Mr. Schutzman demonstrated capabilities in building and managing virtually every facet of a hedge fund’s business processes, while concurrently delivering exceptional investment performance.

In addition to his exceptional track record investing in public markets, Mr. Schutzman also has extensive experience negotiating and structuring private deals.  Mr. Schutzman began his career in investment banking, first at Houlihan Lokey’s Financial Restructuring Group in Chicago and later at Moelis & Company in Los Angeles, where he advised stakeholders on a range of restructuring and M&A engagements.  Among these deals, Mr. Schutzman advised the Official Creditors Committee of General Growth Properties, the second largest mall REIT and largest ever real estate bankruptcy; and later, he advised MGM, the iconic film studio that produced the James Bond franchise, in its prepackaged bankruptcy restructuring.  Finally, while at each of Tennenbaum Capital Partners and Moelis & Company’s merchant bank, Moelis Capital Partners, he evaluated and executed a range of private equity and debt investments, while managing existing positions in the portfolios.

Mr. Schutzman grew up in Indianapolis, Indiana, and holds a B.S. in Accounting and M.B.A. in Financial Analysis from the Indiana University Kelley School of Business.  Mr. Schutzman also holds the Certified Public Accountant license (currently inactive). As the oldest of six children, Mr. Schutzman was raised with a firm grounding in moral principles, to which he holds steadfastly to this day.  Integrity and transparency are of the utmost importance to Mr. Schutzman in both his work and personal relationships.