Mark P. Kronfeld

Managing Director
BlackRock

Mark Kronfeld is a Managing Director at BlackRock, where he focuses on special situations and distressed investments as well as opportunities in private credit, rescue financing, and complex credit opportunities. Mark manages the special situations strategy (and associated funds) within BlackRock’s U.S. Private Credit Group. In addition, he is responsible for managing workouts and restructurings across the BlackRock platform. Mark also serves on BlackRock’s Global Credit Oversight Committee.

Mark has over 24 years' experience with a strong record of success in special situations and distressed investing across the capital structure, in both public and private markets. Prior to joining BlackRock as part of its acquisition of Tennenbaum Capital Partners (TCP), Mark was a managing director at TCP and a partner and portfolio manager at Plymouth Lane Capital where he launched and led the firm’s credit/distressed strategies. Before Plymouth Lane, Mark was a managing director at BlueMountain Capital, a partner at Owl Creek Asset Management and a senior analyst at Aurelius Capital.

As an investor, Mark has served on numerous ad hoc and official creditor committees, typically in a leadership capacity, in corporate, municipal, and sovereign restructurings in North America, Europe, Asia and Latin America. He has played a key role in some of the most complex and successful distressed investments and restructuring matters in recent years. Mark has also been involved in numerous activist situations in both shareholder and creditor capacities and has led many litigation and liquidating trusts.

Before his career in finance, Mark practiced law as a bankruptcy lawyer and litigator. Mark also served as a prosecutor in New York City, where he investigated and prosecuted serious felony cases involving, among other things, complex white-collar crime, fraud, arson, organized crime and murder, achieving a 100% jury trial conviction rate.

Mark is a frequent guest speaker, author, lecturer, and conference panelist on topics in distressed investing, bankruptcy, restructuring, and the credit markets. As an adjunct professor at Boston University School of Law, he teaches Financial Restructuring. In addition, Mark serves as a lecturer at Columbia Business School where he teaches advanced distressed investing and corporate restructuring and also guest lectures at NYU, Duke, Oxford, UVA, and Wharton. He is an active member of the Turnaround Management Association as well as the American Bankruptcy Institute where he served as a member of the advisory committee for ABI’s Commission to Study the Reform of Chapter 11, which submitted its 2015 Report to the United States Congress.

Mark earned his M.B.A. in Finance from New York University’s Stern School of Business and his J.D. from Boston University School of Law where he was an Edward F. Hennessey Scholar. He received his B.A. (Dean’s List) from the State University of New York at Albany.