MICHIGAN RESTRUCTURING GROUP

Welcome to MRG, the University of Michigan's premier organization specializing in restructuring investment banking and distressed debt investing.

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OUR MISSION

The Michigan Restructuring Group (“MRG”) is an undergraduate student organization at the University of Michigan. Our goal is to prepare our members for a career in restructuring advisory & distressed debt and to help our members secure competitive internships or full-time analyst positions.

We employ a detailed strategy to accomplish our goals:

Our weekly educational lecture series are led by senior members of MRG and are designed to provide an introduction to the key concepts and skill-sets relevant to the restructuring industry. Concepts that are covered in our series include distressed debt analysis, the bankruptcy code, corporate restructuring, special situations, and liability management transactions. We pair our educational series with distressed pitches and credit document analysis.
We also offer recruitment guidance and support, which involves cover letter and resume review, structured interview preparation, and private mentorship by senior members and alumni of MRG.

OUR STORY

The Michigan Restructuring Group was founded in 2023 by Christav Illikman (Ross '25) and Linus Epstein (Ross '25). MRG is officially registered as a student organization with the mission of providing collective learning communities for students interested in restructuring and preparing our members for careers in distressed debt.

As sophomores highly interested in restructuring, Linus and Christav identified the lack of resources and mentorship available at Michigan throughout the recruitment process. As a result, they were spurred to create MRG to support students with exceptional technical ability and a detailed understanding of distressed debt’s combination of finance, law, and game theory. Supported by Michigan upperclassmen and alumni with experience in the field, MRG will provide members access to integrated case studies, industry experiences, and restructuring-specific professional development. A training ground in restructuring investment banking allows future alumni to branch out and create their own businesses or rise to the top in prestigious buy- and sell-side roles in financial services.

LEADERSHIP

Co-President

Linus Epstein

Linus is a Sophomore from Los Angeles, California studying Business and minoring in Public Policy. Linus is also involved in Michigan Interactive Investments and the ENGAGE Undergraduate Investment Conference. This summer, he will be a Birthright Excel fellow intern in Tel Aviv, Israel. Next summer he will be interning at Evercore’s restructuring group in New York. Previously, he has worked at Caspian Capital and Manchester City Football Club. In his free time, Linus enjoys skiing, golfing, playing tennis, and watching European football.

Co-President

Christav Illikman

Christav is a Sophomore from Novi, Michigan studying Business and minoring in Computer Science. On campus, he is involved in Michigan Investment Group and American Cancer Society. This summer, he will be interning in New York City at Bloomberg LP and DBD Partners. Next summer, Christav will be interning at Houlihan Lokey’s financial restructuring group in New York City. Previously, he has worked at Peninsula Capital Partners and Prodos Capital Management. In his free time, Christav enjoys snowmobiling and watching college football.

ALUMNI

Our alumni have found success across a variety of financial institutions in various buy- and sell-side roles. The breadth of our network often proves to be an invaluable resource for our members, contributing to our club's sustained success. The array below represents a selection of firms at which our alumni have worked.