Opportune LLP announded that Jonathan Harms has been promoted to Managing Director. Mr. Harms brings 15 years of structuring/transaction experience in upstream and midstream capital products, commodities risk management instruments, and off-balance sheet finance structures to the firm where his principal focus will be guiding companies through the financial complexities of the existing industry environment, corporate restructurings, transactional due diligence and advising on Chapter 11 bankruptcies.
“Jonathan brings a unique perspective from his previous roles, which included deploying capital in upstream and midstream finance, dealing with the same complexities as the clients he will now work with in an advisory capacity,” said Opportune Partner Sean Clements. “He is a welcome addition to the Opportune team as we help clients navigate the current energy industry environment.”
Before joining Opportune, Mr. Harms was a founding member of Madava Financial where he helped start an energy-lending specialty finance company. His main focus has been capital solutions for middle-market oil and gas producers and midstream companies. As a principal, Mr. Harms has deployed billions into the upstream and midstream sectors through a spectrum of capital products ranging from commodity prepays/VPPs to traditional RBL facilities to subordinated debt and equity.
“Opportune has built an incredible team and has been on a remarkable growth trajectory, attributes which were key to my decision to join the company,” added Mr. Harms. “As our clients continue to face increasingly complex issues in the ever-evolving energy industry landscape, I look forward to working collaboratively with my colleagues to help our clients achieve success in this challenging environment.”
Harms began his career with Wells Fargo's Energy Lending Group where he focused on reserve-based loans for upstream borrowers. He later joined Macquarie's commodities group focusing on reserve-based loans, off-balance-sheet financing solutions, and structured derivative finance products. He then moved to Morgan Stanley helping to build a $1.5 billion+ buy-side upstream RBL and mezzanine book.