Duran Curis has joined Drum Capital Management as a managing director, focused on the firm’s special situation fund. He previously was a managing director with HRJ Capital and, before that, with LGT Capital Partners.
Drum Capital Management LLC, an independent investment management firm dedicated to distressed and turnaround investments, today announced the appointment of Duran Curis as a Managing Director. A senior member of Drum’s Investment Committee, Mr. Curis will be based in Drum’s Stamford, CT, headquarters, where he will be responsible for assisting in the diligence, oversight, manager selection and portfolio construction for the Drum Capital Special Situation Partner Funds, as well as Drum’s portfolio construction and direct investments.
Mr. Curis, 36, previously was a Managing Director at HRJ Capital, where he launched the HRJ Special Opportunities Funds, a series of fund of funds focused exclusively on distressed debt, turnaround and restructuring investments. Prior to joining HRJ Capital, he was Managing Director and Head of the U.S. office of LGT Capital Partners (LGT), one of the largest European-based private equity fund of funds managers. Before founding LGT’s U.S. office, Mr. Curis was based in LGT’s main office in Zurich, Switzerland. While at LGT, he led over USD 1 billion of private equity fund commitments in buy-out/special situations and venture capital funds.
Prior to joining LGT Capital Partners, Mr. Curis spent nearly five years with Pacific Corporate Group (PCG), where he was responsible for the evaluation, due diligence, negotiation and monitoring of private equity fund investments on behalf of major institutional investors such as CalPERS, the State of Oregon and the State of Washington. He began his career at Schroder & Co. in Los Angeles. Mr. Curis has served on numerous fund advisory boards including Sun Capital, Endless, Polish Enterprise Investors, and CAPE Natixis, among others.
Mr. Curis received his M.B.A. from the Fuqua School of Business at Duke University and his B.S. in Finance from Bowling Green State University in Ohio. He is a CFA Charterholder and a member of the CFA Institute.
“We are very pleased to have Duran on board at Drum Capital,” said Scott Vollmer, CEO of Drum Capital Management. “We worked together previously at PCG, and I know that Duran is an exceptionally smart distressed investment professional with solid manager selection skills. He brings a lot of valuable experience to Drum as we continue to build out our platform, during what has become a very busy credit cycle.”
About Drum Capital Management LLC
Drum Capital Management LLC, founded by Scott E. Vollmer in April 2005, has become one of the world’s leading managers of distressed investments. The firm’s core business focuses on creating and actively managing sector-focused fund of funds in distressed debt, turnaround, and workout opportunities. Mr. Vollmer and the seasoned investment team has invested and/or managed over $4.5 billion in distressed and turnaround situations. The team has tremendous depth of experience in the distressed and turnaround marketplace, with an average of more than 20 years of investing experience. Drum Capital prides itself on its rigorous and unique investment screening methodology and its proprietary system which closely tracks an unparalleled total of over 400 global distressed debt and turnaround specialists.