Key Takeaways
- • Ted Burdick, former chief investment officer of Soros Fund Management, has joined Strategic Value Partners as co-head of the North American investment team alongside David Geenberg and Daniel Han, reporting to founder and CIO Victor Khosla.
- • Burdick brings 18 years of experience at Soros, including 15 years managing distressed debt and credit opportunities with a $2 billion portfolio—one of Soros's largest—and an 8-month tenure as CIO beginning in 2016.
- • Strategic Value Partners, an $8 billion alternative investment firm focused on distressed and deep value opportunities, is expanding its senior investment team from 34 to 43 professionals as part of a broader growth initiative since 2017.
- • Burdick's appointment reinforces SVP's specialization in special situations, private equity, opportunistic credit, and financing opportunities, with the senior investment team averaging over 20 years of distressed and turnaround experience.
- • The hire signals continued institutional hiring momentum in the alternative investment sector, particularly among firms seeking seasoned distressed credit expertise from established family offices.
Summary
Ted Burdick, the former chief investment officer of Soros Fund Management, has joined Strategic Value Partners as co-head of the firm's North American investment team. Burdick will work alongside existing co-heads David Geenberg and Daniel Han as part of a six-person senior global investment team reporting directly to Victor Khosla, the firm's founder and chief investment officer.
Burdick's appointment reflects his substantial track record in distressed investing and credit management. Over 18 years at Soros Fund Management, Burdick spent 15 years focused on distressed debt and credit opportunities, during which he ran a $2 billion portfolio—described as one of Soros's largest. He served as Soros's CIO for eight months beginning in 2016, succeeding Scott Bessent. Following his transition from the CIO role, Burdick remained at Soros managing the credit portfolio until his departure.
Strategic Value Partners, founded by Victor Khosla, manages approximately $8 billion in assets and specializes in special situations, private equity, opportunistic credit, and financing opportunities. The firm has been actively expanding its investment team, growing from 34 professionals to 43 since the start of 2017. Members of SVP's senior investment team average over 20 years of experience in distressed, turnaround, and investment-related disciplines. Burdick is based in Greenwich, Connecticut.
The hire underscores ongoing competitive talent acquisition among large alternative investment managers seeking expertise in distressed markets and credit strategies. Burdick's deep experience managing substantial credit portfolios at a prominent family office positions him to contribute immediately to SVP's North American investment operations.
Burdick's appointment reflects his substantial track record in distressed investing and credit management. Over 18 years at Soros Fund Management, Burdick spent 15 years focused on distressed debt and credit opportunities, during which he ran a $2 billion portfolio—described as one of Soros's largest. He served as Soros's CIO for eight months beginning in 2016, succeeding Scott Bessent. Following his transition from the CIO role, Burdick remained at Soros managing the credit portfolio until his departure.
Strategic Value Partners, founded by Victor Khosla, manages approximately $8 billion in assets and specializes in special situations, private equity, opportunistic credit, and financing opportunities. The firm has been actively expanding its investment team, growing from 34 professionals to 43 since the start of 2017. Members of SVP's senior investment team average over 20 years of experience in distressed, turnaround, and investment-related disciplines. Burdick is based in Greenwich, Connecticut.
The hire underscores ongoing competitive talent acquisition among large alternative investment managers seeking expertise in distressed markets and credit strategies. Burdick's deep experience managing substantial credit portfolios at a prominent family office positions him to contribute immediately to SVP's North American investment operations.
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