Jon Schotz
Co-Managing Partner, Co-Portfolio Manager
Jon has more than four decades of distressed investing and financial advisory experience. In 1990, Jon co-founded Saybrook Capital. He has co-managed Saybrook’s municipal distressed and credit opportunity strategies since inception in 2000. Jon has restructuring expertise across many sectors including airline, multi-family, hotel, and senior living situations. In addition, he served as the financial advisor for several municipal credits including the Orange County Investment Pool Creditors’ Committee, Staples Center, and Disney’s California Adventure. Building on the experience and network developed in his advisory work, Jon initiated the strategy of investing in distressed municipal credits in a private equity fund structure in 2000.
Prior to founding Saybrook Capital, Jon was Executive Vice President, a member of the Management Committee and member of Board of Directors at Ehrlich Bober & Co.
Jon is a member of the National Federation of Municipal Analysts and California Society of Municipal Analysts. Jon received his Bachelor of Arts and MPPM degrees from Yale University. He was also a member of the Board of Advisors at the Yale School of Management for five years.
Jeff Wilson
Co-Managing Partner, Co-Portfolio Manager
Jeff has more than 35 years of investment experience in the municipal bond market with a focus in distressed, high-yield and special situation investing. He has co-managed Saybrook’s municipal distressed and credit opportunity strategies since inception in 2000. He has extensive restructuring experience including land-backed situations, senior living and project financing transactions.
Prior to joining in 2000, Jeff was a Vice President and Senior Research Analyst in Franklin Templeton’s Municipal Bond Department where he led numerous complex financings focused on the high-yield municipal market through structuring of new bond financings and restructuring of distressed credits.
Jeff is a member of the National Federation of Municipal Analysts and California Society of Municipal Analysts. Jeff earned his Bachelor of Science in Business Administration from the University of the Pacific.
Bill Black, CFA
Co-Portfolio Manager
Bill has over 35 years of experience investing in the municipal bond market with a focus on high yield credits. He has managed Saybrook’s separately managed account strategy since inception in 2025. Bill also serves on the investment committee for the Saybrook Municipal Opportunity Fund VI, L.P. and Saybrook Municipal Opportunity Fund VII, L.P.
Prior to joining Saybrook, Bill was a Senior Portfolio Manager at City National Rochdale for nine years where he managed the City National Rochdale High Income Municipal Bond Fund and several high yield municipal bond separate accounts. From 2008 to 2015, Bill was the Co-Lead Portfolio Manager of the $7.5 billion Invesco High Yield Municipal Bond Fund. Prior to that role, he was a municipal bond analyst specializing in high yield municipal securities at Van Kampen Investments (which was acquired by Invesco). Bill’s career in municipal bonds started in 1984 as an investment banker.
Bill is a CFA charter holder and member of the CFA Institute. Bill is also a member of the National Federation of Municipal Analysts and Chicago Municipal Analysts Society. Bill earned his BS in Engineering and Public Policy from Washington University in St. Louis and an MBA from the Kellogg Graduate School of Management at Northwestern University, specializing in Finance and Public Management.
Dave Rodriguez, CFA
Managing Director, Senior Research Analyst
Since joining in 1998, Dave has twenty-eight years of experience in the municipal bond market, analyzing and managing distressed assets across a wide range of sectors, including bonds secured by multifamily apartments, hotels, assisted living facilities, sales tax increment, special assessments on residential developments, and single-family mortgage pools. Dave analyzes new credit opportunities, participates in overall asset strategy for Saybrook Fund Advisors’ investments and monitors and implements exit strategies. He earned his Bachelor of Science in Business Administration from the University of Southern California.
Dave is a CFA charter holder and a member of the CFA Institute as well as a member of the California Society of Municipal Analysts and the National Federation of Municipal Analysts.
Kayla Dahlerbruch, CFA
Senior Research Analyst
Kayla is a member of the investment team focused on credit analysis for new investments, managing turnaround and restructuring strategies for distressed assets in the Firm’s portfolio, and overseeing fund valuations. Prior to joining the Saybrook as a Research Analyst in 2018, Kayla was an Associate Consultant at Semler Brossy Consulting Group where she conducted research and analysis related to executive compensation and business financial performance.
Kayla is a CFA charter holder and member of the CFA Institute. She is also a member of National Federation of Municipal Analysts and the California Society of Municipal Analysts. Kayla received her Bachelor of Science in Economics from The Wharton School at the University of Pennsylvania where she played on the women’s softball team.
Nick Miller, CFA
Research Analyst
Nick joined Saybrook Fund Advisors in 2026 as part of the investment team. He evaluates potential credit opportunities, tracks developments across existing portfolio holdings, and builds the financial models that inform the firm’s investment decisions. Before Saybrook, Nick spent five years at PwC as a Global Structuring Manager, where he advised multinational clients on cross-border restructuring and built valuation models used in financial reporting and restructuring transactions.
Nick is a CFA charter holder and member of the National Federation of Municipal Analysts and California Society of Municipal Analysts. He holds a Bachelor of Science in Business Administration from Northeastern University’s D’Amore-McKim School of Business, with concentrations in Finance and Accounting.
Katherine Schotz
Chief Operating Officer & Director of Business Development
As Chief Operating Officer, Katherine is responsible for all operations at Saybrook Fund Advisors. In addition, Katherine heads fundraising and investor relations. Prior to joining the Investment Manager in 2021, she held multiple positions at New York Life Insurance Company in both the Wealth Management and Marketing teams. Most recently, in her role as Corporate Vice President of Segment Strategy, she focused on customer strategy and product development. She also led the Marketing and Brand integration efforts for New York Life’s acquisition of Cigna Group Insurance. Prior to joining New York Life, she worked at Kayne Anderson as an Investor Relations Associate. Katherine received her Bachelor of Arts in History from Bucknell University.
Suk Lee
Chief Compliance Officer, Controller
Suk is the Chief Compliance Officer and Controller for Saybrook Fund Advisors. Suk is responsible for assuring firm compliance with rules and regulations governing its operation. Suk also manages various accounting activities and reporting requirements for the company. Suk joined Saybrook in 2003. Prior to that, he was a fund accountant at Trust Company of the West.
Suk earned his BA degree in Economics from the University of California, Los Angeles.
Cathy Costello
Director of Administration
Cathy Costello joined Saybrook Fund Advisors in 2022. As Director of Administration, she supports the team in various areas including Compliance, Human Resources and Office Management. Most recently, Cathy served as a Practice Manager in a private medical office where she was responsible for daily operations, billing, and client support. Previously, Cathy spent over twenty years at a physical therapy office in Santa Monica in roles of increasing responsibility, most recently as the Office Manager. At all levels, Cathy focused on operational efficiency and improving client experience. Cathy earned a Bachelor of Arts in Studio Art from Colorado College.
Aaron Guan
Senior Fund Accountant
Aaron joined Saybrook in 2026 as a Senior Fund Accountant and is responsible for facilitating the production of investor reporting, including financial statements and tax returns, for the Firm’s funds. Prior to joining Saybrook, Aaron was a Fund Accountant at Standish Management, LLC, a third-party administrator, where he contributed to the fund accounting and administration of various private equity and venture capital firms. Prior to that, Aaron was a Mergers & Acquisitions analyst at Palm Tree, LLC. There, he provided strategic finance and accounting advisory for private equity clients’ portfolio companies.
Aaron received his Master of Science in Finance from University of Southern California’s Marshall School of Business. He attended The Pennsylvania State University where he received his Bachelor of Science in Economics.