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Investment Management

Kjerstin Hatch, Managing Principal



Kjerstin Hatch is Managing Principal and Founder of Lapis Advisers. Mrs. Hatch has focused her career in special situation securities that require expert analysis and management. She has served as a portfolio manager and acquisitions specialist in alternative investments for over twenty years, managing over 750 investments in illiquid real estate and other non-traded equity vehicles and over 120 distressed and bankrupt companies totaling in excess of $1 billion.

Mrs. Hatch earned a BA in the Political Economy of Industrialized Societies from the University of California, Berkeley and is a member of 100 Women in Hedge Funds, the American Bankruptcy Institute, the National Federation of Municipal Analysts and a frequent speaker and media contributor on the topic of specialized securities.

 Basia Terrell, Managing Principal



Basia Terrell is a Managing Principal with Lapis, tasked with sourcing and underwriting specialized securities. Mrs. Terrell has extensive experience with investing in distressed situations, mezzanine loans and equities. Prior to joining Lapis Advisers, she helped build a $3 billion credit portfolio at Och Ziff Capital Management in London, served as Vice President on the Proprietary Investing Desk of Merrill Lynch, and worked with Houlihan Lokey on the Toronto M & A and London Restructuring Teams. Mrs. Terrell graduated with an honors degree in Finance from the University of British Columbia, Canada in 2000, and holds the Charted Financial Analyst® designation.


Joe Landen, Managing Director


Mr. Landen is a Managing Director at Lapis Advisers.  He is tasked with underwriting and managing distressed senior and junior debt, mezzanine loans, and municipal securities.  Mr. Landen's previous experience includes providing a variety of financial advisory services to debtors and creditors as a Director with FTI Consulting, underwriting and managing distressed debt investments as a Portfolio Director with Madison Capital Management, and performing business valuations with Willamette Management Associates.  Mr. Landen holds a Bachelor of Business Administration with an Accounting Concentration degree from Roanoke College and a Masters of Science in Accounting degree from the University of Virginia.  Mr. Landen is a Certified Public Accountant and holds the Charted Financial Analyst® designation.