Special Situations Strategy Team

James P. Taylor

Partner

Head of Special Situations
17 Years Experience | Located in Greenwich

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Mr. Taylor has 17 years of legal, transaction and investment experience. Mr. Taylor is responsible for the management and investment decisions of Gramercy’s Special Situations Group. During his tenure at Gramercy, Mr. Taylor has overseen the management of sovereign and corporate restructurings, financings, acquisitions of private assets, and Gramercy’s participation in positions as a private equity investor. Mr. Taylor also served as Gramercy’s Chief Legal Officer from 2010 through 2018 and was responsible for managing the full spectrum of Gramercy’s legal affairs. Further, he is a member of Gramercy’s Management Team.

Prior to joining Gramercy in March 2010, Mr. Taylor was with Morgan Stanley Smith Barney where he focused on the sale and distribution of various alternative products including private equity, real estate and hedge funds. From 2005 to 2009 he was with Cadwalader, Wickersham & Taft LLP as an Associate in their Financial Services Department where he primarily represented investment banks and hedge funds in connection with the negotiation of various credit and equity derivatives transactions and other types of secured financing transactions. From 2002 to 2005, Mr. Taylor was an Associate in the Tax Department at Debevoise & Plimpton, LLP where he represented investors and asset managers with respect to legal, tax and business matters surrounding private equity fund formation, LBO transactions and private equity investments.

Mr. Taylor received a JD from Columbia University School of Law (where he graduated as a Harlan Fiske Stone Scholar) and a BA in Sociology with a minor in Business from SUNY Albany. Additionally, he attended the Tax LLM program at New York University School of Law and is a member of the New York State Bar.

Nicholas Paolazzi, CPA

Managing Director | Head of Financial Analysis

Region: Global
10 Years Exp. | Located in Greenwich

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Mr. Paolazzi has 10 years of industry experience and joined Gramercy in June 2012. As a member of Gramercy’s Special Situations Group, Mr. Paolazzi participates in the sourcing, due diligence, research and monitoring of Special Situations Group investment opportunities. Mr. Paolazzi also assists with the firm’s corporate and sovereign restructuring transactions. Prior to joining Gramercy’s Special Situation Group, Mr. Paolazzi spent 6 years in Gramercy’s Accounting Group and most recently served as Head of Accounting-Business Due Diligence.

Prior to joining Gramercy, Mr. Paolazzi was employed by PricewaterhouseCoopers LLP as a Senior Associate in the firm’s National Risk Management Group where he provided internal advice and analysis on a variety of accounting and auditing risk management issues. Mr. Paolazzi began his career at PricewaterhouseCoopers in the Investment Management Assurance Group counting Gramercy amongst his clients. Mr. Paolazzi’s other audit clients included large asset managers, hedge funds and private equity firms.

Mr. Paolazzi received a BS in Accounting at Fairfield University Dolan School of Business, with a 4.0 Accounting GPA. Additionally, he is a Certified Public Accountant in the State of New York, a member of the AICPA and NYSSCPA.

Thomas Norgaard, Esq.

Managing Director | Director of Latin American Investment Development

Region: Latin America
15 Years Exp. | Located in Greenwich

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Mr. Norgaard has over 15 years’ experience in legal and investment matters throughout Latin America. At Gramercy, Mr. Norgaard is responsible for sourcing, structuring and monitoring private investment opportunities for the Special Situations Group.

Prior to joining Gramercy, Mr. Norgaard spent over a decade at Debevoise & Plimpton where he was a Senior Associate and a member of the firm’s International Dispute Resolution and White Collar Groups. At Debevoise, Mr. Norgaard appeared and argued before ICSID arbitration tribunals, and generally advised his clients on a variety of issues involving international law and arbitration.

Previously, Mr. Norgaard worked as a litigation associate in the Caracas office of Macleod Dixon from 2002 to 2007, focusing on international litigation and administrative law. As a civil law-trained lawyer, Mr. Norgaard has appeared and argued before the Constitutional and Political-Administrative Chambers of the Supreme Court of Justice in Venezuela and before Superior and Trial Courts in Civil, Commercial, Labor and Administrative matters.

Mr. Norgaard received his law degree from Universidad Católica Andrés Bello in Caracas in 2002 and his LL.M. from New York University School of Law in May 2008, where he focused on international dispute resolution and international commercial law and participated in the Philip C. Jessup International Law Moot Court Competition. Mr. Norgaard served as Assistant Professor of Contracts and Obligations at Universidad Metropolitana in Caracas from 2005 to 2007. Mr. Norgaard has been a member of the New York State Bar Association since May 2009. He is also a member of the Miranda State Bar Association in Venezuela.

Andrew Klugman, CPA, CFA

Senior Vice President | Research & Financial Analysis

Region: Global
Focus: Energy, Utilities
8 Years Exp. | Located in Greenwich

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Mr. Klugman has 8 years of industry experience and joined Gramercy in January 2013. He is responsible for researching, sourcing and underwriting investment opportunities across the Special Situations platform, providing timely analysis on the financial status, operational performance and key developments for those assets.

Prior to joining Gramercy’s Special Situations Group, Mr. Klugman worked on the Public Credit team at Gramercy where his responsibilities included researching and recommending investment opportunities focused in emerging markets corporate bonds, specifically in stressed and distressed credits.

Prior to joining Gramercy in January 2013, Mr. Klugman was employed by PricewaterhouseCoopers where he counted Gramercy amongst his clients. Mr. Klugman’s other audit clients included large asset managers and private equity firms.

Mr. Klugman received a BS in Finance and Accounting at Lehigh University. Additionally, he is a CFA Charterholder and Certified Public Accountant in the State of New York.

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