Mr. Ira Perlmuter
Managing Director, T5 Equity Partners LLC
Ira currently serves as head of Private Equity and Venture Capital for the Triple Five Group, a family office, www.triplefive.com. In addition, he is also Managing Director of T5 Equity Partners LLC, a lower middle market distressed buyout fund which he started with the exclusive financial backing of Triple Five. Ira is also non-executive Chairman of three companies which he acquired for the family, Wayne Industrial Holdings, LLC, Wayne Sweepers, LLC and Admiral Filter Company, LLC. Ira also serves on the Board of Community Federal Savings Bank, a bank which he bought for the family; he is also Chairman of the Bank’s Credit Committee.
Prior to starting T5, Ira founded and ran Cove Capital Advisors, Inc. Cove Capital is a boutique financial restructuring, turnaround and distressed/bankruptcy M&A advisory firm. Cove Capital advised on over $5.5 billion of assignments, serving clients such as JP Morgan Chase, the Republic of Korea, Fleet Bank and others.
Before that, Ira was a Vice President in The Chase Manhattan Bank’s elite Restructuring Group. Ira was with Chase for over seven years focusing primarily on corporate loan restructurings to middle market and international companies. In that capacity, he restructured and/or sold over $1.5 billion of troubled debt. In addition to the above, Ira served as Liaison to Chase’s Global M&A Group with a mandate to identify bankrupt or distressed M&A opportunities for Chase’s top-tier clients. Further, Ira assisted in the formation of, and was an advisor to Knightbridge Capital Partners LLC, an investment bank established to do private placement transactions for growth and/or distressed companies.
Previously he served on the Advisory Board of Fairbanks Equity Funding Ltd., a hedge fund. For several years, Ira gave the keynote address to the world-wide, senior management of the Korea Exchange Bank at a Credit Analysis and Loan Classification seminar. In addition, in March 2000, Ira was chosen as one of the TOP 40 UNDER 40 by Business News New Jersey, a statewide, weekly business journal. Ira also is a member of the Turnaround Management Association.