The Team at Drum Capital Management
Scott E. Vollmer is the Founder and Chief Executive Officer of Drum Capital. He is chairman of Drum Capital’s Investment Committee. With 30 years of experience in private equity and alternatives investing, he is a pioneer in distressed market investments and has been responsible for the management of Drum and its portfolios since their inception.
Since 1986, Mr. Vollmer has made investments, made recommendations which have led to investments, and/or managed approximately $9.8 billion. Of these investments, more than $3.5 billion have been specifically in distressed investments, turnarounds, workouts, recapitalizations, restructuring, factoring, arbitrage, asset-based lending, securitizations, and other “deep value” asset-based lending.
Prior to founding Drum Capital in 2005, Mr. Vollmer was a Partner at Pacific Corporate Group LLC responsible for discretionary partnership asset management. Previously, he was a Managing Director at Commonfund Asset Management Company, Inc., where he led the management and oversight of credit and fixed income strategies in a variety of distressed debt vehicles totaling over $14 billion in assets.
His initial direct investment experience working in corporate turnarounds, leveraged finance, distressed investing and corporate bankruptcies was from his years at Lehman Brothers, Inc. and GE Investment Management Inc. Mr. Vollmer earned a Bachelors of Science in Finance from Villanova University and a CRTM from Harvard Business School. He sits on the advisory boards of numerous distressed firms, including Oaktree Capital Management, Wayzata Investment Management, MHR Institutional Partners, Wynnchurch Capital Management and Monomoy Capital. He is currently the Chairman of the Board at Nichols Brothers Boat Builders, Wynn Lumber, Inc., and previously of Huntington Foam Corporation and serves on the boards of numerous other portfolio companies. He is a member of The Turnaround Management Association of America.
Mr. O’Connor is a Managing Director and a senior member of the Investment Committee of Drum Capital. Mr. O’Connor assisted in the diligence, oversight, Fund Manager selection, direct investing and portfolio construction of Drum Capital’s prior funds. Mr. O’Connor previously was a Partner at Protostar Partners LLC, a middle market private equity firm with $300 million under management. While with Protostar, he invested in and managed numerous middle market companies across the consumer and industrial landscape.
He previously served on the board of Constellation Enterprises, Jorgensen Forge Corporation, Columbus Castings Inc. and Zero Manufacturing Inc. Additionally, he worked with management to implement operational plans and restructurings for Protostar’s investments. Prior to joining Protostar, he was the Chief Financial Officer of PresAir LLC, a manufacturer of air, pressure and vacuum switches located in Westchester, NY and was Vice President of The Shattan Group, a merchant bank focused on investing in and advising lower middle market companies. He began his career with Prudential Securities. Mr. O’Connor received his Bachelor of Science from the McIntire School of Business at the University of Virginia and is a member of The Turnaround Management Association of America.
Ryan W. Levitt is a Managing Director at Drum Capital and is a member of the Investment Committee. His responsibilities include the sourcing, underwriting and monitoring of investments across the Drum institutional funds. With over 15 years of private equity and M&A experience, Mr. Levitt is a highly experienced investor across the alternative asset class. He has led or been part of investment teams that have committed to several billion dollars worth of investments in the private equity space.
Prior to joining Drum Capital in 2018, Mr. Levitt spent 11 years at Pomona Capital, a leading secondary private equity fund manager. He was a Partner at the firm as well as a Portfolio Manager of the Pomona Investment Fund. Previously, he was an investment professional at GE Capital, managing deal underwriting and execution in the energy, health care and financial services sectors. Mr. Levitt received a BS from Boston College.
Mr. Peters is responsible for the Firm’s fiscal oversight, compliance and accounting, with particular focus on fund administration, financial reporting, and tax, as well as coordination of Drum Capital’s financial planning, debt financing and budget management. Mr. Peters previously served as Chief Financial Officer of Formic Management, LLC, responsible for the accounting, operations, reporting, compliance and business management for the start-up hedge fund. Prior to Formic, Mr. Peters was the Chief Financial Officer at Avenue Capital Group, for their Asia strategies, responsible for the entire back office for the firm’s distressed debt and private equity Asian strategy. Mr. Peters began his career as a Senior Auditor at PriceWaterhouseCoopers in New York City in 1999. He holds a Bachelor of Business Administration with a concentration in Accounting from the University of Iowa.
Ms. Vertucci is responsible for fund administration, financial reporting, and tax. Ms. Vertucci joined Drum Capital from Pequot Capital Management, Inc., where she was a Senior Associate in Fund Accounting. Prior to Pequot, she served as an Associate Manager for Globeop Financial Services, providing customer service to Globeop’s first billion-dollar hedge fund startup.
Ms. Vertucci started her financial services career at another administrator, SS&C Services, where she worked as a Senior Accountant handling the accounting functions for a mix of hedge fund clients. She holds a B.S. degree in Professional Accounting, cum laude, from the State University of New York.
Mr. Gerdes is an Associate of Drum Capital and is responsible for conducting due diligence on prospective Underlying Funds and Direct Investments, monitoring existing portfolio investments, and performing quarterly valuations. Other responsibilities include monitoring general economic conditions, and conducting research on industries currently experiencing stress or distress. Prior to joining Drum Capital, Mr. Gerdes was an Analyst at Tannor Capital Management, an investment firm focused on distressed debt and equity investments. There he specialized in special situations investing and distressed lending.
Prior to joining Tannor, Mr. Gerdes was a summer Investment Banking Analyst at UBS within the Financial Institutions Group. Mr. Gerdes received his Bachelor of Science in Finance from the Wake Forest University School of Business in 2013. He is a member of the Board of Directors of The Ballet School of Stamford, a local non-profit organization. In 2018 Mr. Gerdes became a CFA charter holder.
Mr. Sullivan is responsible for conducting due diligence on prospective Underlying Funds and Direct Investments, monitoring existing portfolio investments, and performing quarterly valuations. Other responsibilities include monitoring the leverage finance markets and general economic conditions, and conducting research on industries currently experiencing distress. Prior to joining Drum Capital, Mr. Sullivan was an Analyst at Hennepin Partners, an Investment Bank providing Mergers & Acquisitions advisory in the middle-market. Mr. Sullivan received his Bachelor of Science in Business from the University of Minnesota, Carlson School of Management in 2015.
Ms. Argenti provides comprehensive administrative support to Drum Capital’s CEO, CFO and Fund Controller with a focus on scheduling and coordinating travel, meetings, document and report creation, as well as design and production of related materials. Prior to joining Drum Capital, Ms. Argenti worked as an Executive Assistant for several companies, including Omnicom Group, Bolton LP, de Visscher & Co. and GE Asset Management.
She holds an A.A. degree in Fashion Merchandising, and is the friendly voice that greets you when you call the Drum Capital offices.
Short Term Opportunities
Mr. Camson is a Managing Director and member of the Drum Capital’s Investment Committee. Since 1992 he has invested hundreds of millions of dollars in short term special situations such as receivables factoring, put contracts, and the purchasing of trade claims of companies in bankruptcy.
Prior to joining Drum Capital, Mr. Camson was a senior member of Bennett Management Corp., President of Newstart Factors, Inc. as well as the founder and President of Trade-Debt.net, Inc. In these roles Mr. Camson was responsible for evaluating, analyzing and investing in receivables and trade claims of companies in or near default.
He has negotiated numerous plans of reorganization with a variety of debtors and has purchased tens of thousands of claims that have been transferred in every bankruptcy court in the United States. In addition he has extensive experience in investing through various spot factoring arrangements, and insurance products and has worked closely with credit professionals in a variety of large U.S. companies supplying the retail industry. Mr. Camson received his Bachelor of Arts degree from the State University of New York at Oneonta with a Bachelor’s degree in Economics.
Mr. Russick is a Managing Director and member of the Investment Committee of Drum Capital. Prior to joining Drum Capital in 2009, Mr. Russick was a Managing Director and Fund Partner at the Blackstone Group where he was involved in the ongoing analysis and evaluation of distressed securities across multiple industries.
Prior to Blackstone, Mr. Russick was a Vice President at Bennett Restructuring Funds, a $1.5 billion hedge fund, where he specialized in public and private investments focused on distressed debt of companies in or near bankruptcy. His responsibilities included investment research and management, and fund administration.
Prior to that, Mr. Russick was a senior associate in Credit Suisse First Boston’s Mergers and Acquisitions practice. He began his career with Air Products and Chemicals, where he served in various international business development roles throughout Asia and the Pacific Rim. Mr. Russick has served on the board of directors of Bush Industries, Inc. and the Syratech Corporation and has chaired and served on various creditor committees.
Mr. Russick received an MBA from the Amos Tuck School of Business, Dartmouth, and graduated magna cum laude from Villanova University.