Ned Scherer

Experience

1. Senior Advisor

   Lb Advisors

   Jul 2015 — Present · Los Angeles, CA, US

   LB Advisors, LLC is a Los Angeles based private equity firm that invests in recapitalizations, special situations, and acquisitions of small and middle-market companies. Partners of LB Advisors co-founded Balmoral Advisors and co-managed the highly successful Balmoral Fund I, which achieved superior returns (2.2x realized return and 2.2x unrealized returns from 2007 through 2011). Based on CalPERS 2010 Private Equity performance data, Balmoral Fund I would be in top 2% of fund managers (based on IRR & Multiple). LB Special Situations Fund II benefits from the prior funds track record as a trusted capital provider and turnaround operator for distressed companies, bank workout groups and restructuring advisors. The firm\'s target companies are typically (1) experiencing financial distress;(2) undergoing or in need of an operational turnaround; and/or (3) misunderstood or undervalued by their markets or stakeholders. LB Advisors seeks to profit from the return to normalized profitability of its investments through operational influence, optimization of the capital structure and strategic exits. LB Advisors focuses on companies with revenues of $30 – 200 million. LB Advisors makes investments of $5 – 15 million, with the capability of much larger transactions through the capital resources of the LB Advisors LPs that exceeds $20 billion. Investment types are equity, debt and/or hybrids; control and non-control, with a 3 – 5 years investment horizon. The firm focuses on a broad range of industries including manufacturing, business services, consumer products, retail, and value-added distribution in the United States and Canada.

Education

• UCLA School of Law

  Doctor of Law (JD), Banking, Corporate, Finance, and Securities Law

  1982 — 1985

• The Wharton School

  Bachelor of Science - BS Economics, Accounting and Finance

  1979 — 1982