Parabellum Capital has launched its special situations group. Jarvis Buckman will serve as director of special situations. Previously, Buckman worked at Knighthead Capital. Also, Martin Flics has rejoined Parabellum as senior bankruptcy adviser.
New York, NY, July 10, 2018 – Parabellum Capital LLC (“Parabellum”), a leader in litigation finance, today announced the launch of its Special Situations Group, welcoming Jarvis Buckman as Director of Special Situations. Parabellum also announced that bankruptcy veteran Martin “Marty” Flics has rejoined the Firm as Senior Bankruptcy Advisor.
Mr. Buckman joins Parabellum from Knighthead Capital, a distressed-focused hedge fund, where he analyzed distressed situations to find investment opportunities across complex corporate and capital structures. Mr. Buckman’s skills at identifying a wide range of litigation investing opportunities presented in capital structures positions Parabellum uniquely in the market.
Mr. Buckman’s arrival follows Parabellum’s recent announcement that it expanded its sourcing and underwriting capabilities with three new hires. “Our industry is at the intersection of litigation and finance. Many of our competitors are focused exclusively on hiring legal talent. We have not shied away from adding to our bench of litigators, including recently. However, the addition of Jarvis reinforces our commitment to seizing opportunities and situations that span the spectrum of litigation finance,” said Howard Shams, Parabellum Co-Founder and CEO.
Mr. Buckman will work closely with Mr. Flics, a leading bankruptcy expert with over three decades of experience at some of the world’s top law firms including Linklaters, Latham & Watkins, and Wachtell, Lipton, Rosen & Katz. Mr. Flics advises Parabellum’s Bankruptcy Group, which makes significant capital available to key stakeholders in bankruptcy proceedings. He was previously a Principal at Parabellum from 2014 – 2016.
While Parabellum’s Special Situations Group will have synergies with its Bankruptcy Group, Mr. Buckman’s mandate will encompass the full range of special situations investing, seeking to capitalize on diverse opportunities related to litigants’ capital structures. Mr. Buckman will also work closely with Moshe Schwartz, Director of Portfolio Management, on individual case and portfolio hedging and other risk-mitigation strategies.
“Special situations exist beyond the bankruptcy context. With Jarvis, we create the ability to leverage deep credit perspective on top of our litigation acumen to find the best approach to risk-taking in any given situation,” continued Mr. Shams.
Parabellum Capital LLC (“Parabellum”) was founded by pioneers in litigation finance and remains on the forefront of shaping the asset class as the industry continues to mature, evolve and grow. The firm is a trusted financial partner to corporate claimants and law firms on a wide array of meritorious commercial litigation and arbitration situations. Parabellum manages both separate accounts and pooled private equity vehicles for institutional investors globally. Based in New York, Parabellum’s principals have invested approximately $300 million in the commercial litigation arena, with single-case and portfolio investments ranging from six to eight figures. For more information, please visit www.parabellumcap.com.
Jarvis Buckman. Jarvis was previously an investment analyst at Knighthead Capital, a leading investment adviser specializing in event driven, distressed credit and special situation opportunities across complex corporate and capital structures. Prior to Knighthead, Jarvis was the key credit strategist within Credit Suisse’s bankruptcy claim trading activity, where he managed the transaction process from sourcing to settlement. Jarvis previously held posts as a structured products specialist at Société Générale, Crédit Agricole, and JPMorgan. Jarvis received his M.B.A. from Columbia Business School in 2011 and earned a B.S. in industrial engineering and a B.A. in economics, both from Columbia University, in 2003.
Martin “Marty” Flics. Marty has practiced law for more than 30 years at several of the world’s leading law firms. Prior to joining Parabellum Capital as a Principal from 2014 to 2016, Marty was a partner at Linklaters LLP for more than ten years where he led the firm’s U.S Banking Department and U.S. Restructuring Group. He was also elected as a member of the Linklaters International Board, the governing body for the firm. Prior to Linklaters, Marty was a partner at Latham & Watkins LLP for more than 10 years, serving as head of the New York Finance Department. He began his career at Wachtell, Lipton, Rosen & Katz. Mr. Flics is also the Managing Member of Flics Law PLLC and also provides strategic advice regarding new approaches to legal resourcing for forward-thinking law firms. He received his B.A. from Hampshire College and J.D. from Fordham University School of Law, where he served as Associate Editor of the Fordham Law Review.