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Mr. Lapointe joined Third Avenue in 2009. With his arrival, the firm launched the Third Avenue Focused Credit Fund to invest in high-yield debt, bank debt, convertible securities, DIP securities, distressed situations and debt for equity reorganizations. Mr. Lapointe has led the Firm’s participation in more than 50 restructurings over the last four years.
Mr. Lapointe has over 20 years of investment experience and was previously responsible for managing approximately $6 billion in high-yield assets, as Co-Head of High-Yield Investments for Columbia Management. Mr. Lapointe worked at Columbia for a decade and managed a team of 10 analysts. Earlier in his career, Mr. Lapointe was a convertible bond credit analyst at CIBC World Markets where he helped run a convertible arb hedge fund. Before that he was a high-yield analyst at AIG Global Investment Corp. and a financial analyst at Caldor Department Stores.
He has served on numerous ad hoc and official creditor committees. He served on the official creditor committee of Wheeling-Pittsburgh Steel when it successfully emerged from bankruptcy. Mr. Lapointe also testified in bankruptcy court on behalf of Columbia during the reorganization of Hollywood Casino-Shreveport. As a bondholder he worked with other lenders and the management of XM Satellite to improve the company’s liquidity and grow the business.
Mr. Lapointe holds a B.S. in Accounting and Entrepreneurial Studies from Babson College. He is a Trustee for the Shenandoah Foundation, a not-for-profit that runs an educational program about tall ship sailing.
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