Contrarian Capital Management is a private equity firm which focuses in restructurings and distressed investments. The firm was established in 1995 by Jon Bauer, Janice Stanton and Gil Tenzer. It focuses on private securities and complex claims such as bank debt, trade claims, senior bonds, debt backed real estate, rescue financing and post reorganized equity. In addition, the firm's investments activities include distressed, stressed, and defaulted corporate and sovereign debt, senior secured debt, trade claims, direct lending, special situations and opportunistic shorts. The firm is based in Greenwich, Connecticut.