Advising banks, funds, and private buyers on distressed assets and non-performing loan portfolios.
Michael "Mike" Lielacher draws on four decades in finance — from the Vienna Stock Exchange to today’s distressed credit markets — to connect institutional and private buyers with real estate and credit opportunities others miss.
Four decades of reading balance sheets others walk away from.
Michael "Mike" Lielacher has spent over four decades in European finance, starting as a securities trader on the Vienna Stock Exchange in the 1980s and co-founding one of Austria’s first private banks, Vindobona Privatbank, in 1991.
Today he works as an independent consultant connecting institutional and private buyers with distressed assets — non-performing loans, distressed real estate portfolios, and bankruptcy-related opportunities — in Austria and beyond.
Mike specializes in situations that require both financial fluency and a steady hand: pricing complex credit exposure, navigating insolvency processes, and structuring deals that work for both sides of a distressed transaction.
Where decades of market experience become a practical advantage.
Four areas where buyers, banks, and administrators most often need a steady, experienced hand.
I.
NPL & Distressed Credit
Sourcing, evaluating, and structuring non-performing loan portfolio transactions between banks and institutional buyers.
II.
Distressed Real Estate
Connecting buyers with distressed property and credit-backed real estate opportunities.
III.
Bankruptcy & Restructuring Advisory
Guiding creditors, buyers, and administrators through insolvency processes with a clear, practical read on value.
IV.
Four Decades of Market Perspective
A rare vantage point spanning from the 1980s Vienna stock market boom to multiple full market cycles since.
Insights
A monthly read on distressed assets & NPL markets.
Mike’s newsletter is launching soon — market commentary, deal structuring notes, and straight talk on where the distressed asset cycle is heading next. No fluff, no spam.
Whether you’re a bank offloading a portfolio, a fund sourcing distressed real estate, or an administrator navigating an insolvency — Mike is a call away.
