Millstein & Co.

Millstein & Co.

Millstein & Co. was founded in 2000 by Jim Millstein, a former senior official at the U.S. Treasury Department who helped design the Troubled Asset Relief Program (TARP) during the 2008 financial crisis. The firm operates from Washington, DC, with a focus that spans advisory services and asset management, particularly in financial restructuring, corporate finance, and distressed situations. The firm's strategy involves direct investments and advisory mandates in distressed debt, special situations, and private credit, often targeting companies or sovereign entities undergoing balance-sheet stress. Known public exposures include advisory roles with the Greek government and Puerto Rico during their debt restructuring processes (per public record). Geographically, the firm operates primarily in North America and Europe, with select engagements in Latin America and Asia. Headcount and total assets under management are not publicly disclosed; Altss estimates AUM in the $500M-$1B range based on disclosed transactions and filings. The firm has no known additional offices beyond its Washington headquarters. No recent operational event from the last 24 months is verifiable at time of writing. A structural differentiator is Millstein & Co.'s deep policy and regulatory expertise: Jim Millstein's Treasury background gives the firm unusual insight into government-negotiated restructuring processes, differentiating it from purely private-market distressed-debt investors. This public-sector nexus informs both advisory and capital deployment.