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Ilya Koffman

Managing Partner


Ilya is a turnaround and special situations investor with 20 years of private equity, restructuring and transaction advisory experience. Ilya is Chairman of the Board of Managers of Turnspire portfolio companies Spectra Premium, and USG Water Solutions. Ilya also serves on the Board of Managers of Turnspire portfolio companies Daniel, Infinity Engineered Products, and MPI Products.  In addition, Ilya served on the Board of Managers of Turnspire portfolio companies Banker Steel Co. LLC, Crane Carrier Company, and UPG until Turnspire’s exit.


Prior to co-founding Turnspire in 2013, Ilya spent over 7 years at KPS Capital Partners. KPS Capital Partners is the manager of KPS Special Situations Funds, a family of private equity funds focused on constructive investing in restructurings, turnarounds, bankruptcies and other special situations, with over $2.6 billion of assets under management as of 2012. At KPS, Ilya identified, evaluated, and executed control investments in metals, paper and packaging, building materials, automotive, specialty vehicles, chemicals, consumer products, distribution and other sectors.


Prior to KPS, Ilya was with Alvarez & Marsal, a leading turnaround advisory firm, where he worked on a number of debtor-side and creditor-side restructuring assignments.


Prior to joining Alvarez & Marsal, he was an investment banker at Wit SoundView.


Ilya has an MBA from Columbia Business School and a BA in Economics from Princeton University.


Ilya lives in New York City with his wife and two children.

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