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Richelle Kalnit

Founder, Silhouette Advisors


Biography (updated September 2026):

Richelle Kalnit advises companies, lenders and stakeholders on matters related to sales conducted pursuant to Article 9 of the Uniform Commercial Code and intangible asset sales. She is known for bringing structure, judgment, and relentless attention to detail to transactions involving assets that are often difficult to define, value, preserve, and sell. 

Richelle has advised on intellectual property and intangible asset sales in bankruptcy cases, Article 9 foreclosure transactions, out-of-court sale processes, receiverships, and assignments for the benefit of creditors. She has experience on both the sell-side and buy-side and regularly works with companies and stakeholders navigating the unique challenges presented by intangible assets, including privacy, transferability, licensing, and asset preservation. 

She is a frequent speaker and contributor on asset sales, intangible assets, data, and the evolving impact of artificial intelligence on asset value, monetization, and risk. She brings a practical perspective to complex topics at the intersection of restructuring, intellectual property, technology, and deal execution.

What advice would you offer to women just starting out in the industry?

Embrace your role by asking questions and pitching in.

Ask questions, multiple times if needed, of multiple team members, when you are unsure of how to proceed on a particular deal or assignment.  Of course, your go-to will often be your direct supervisor or the person leading the deal, but if you don’t get the guidance you need, do not hesitate to reach out to others on your team.  Even if they aren’t involved in the deal, they may have unique perspectives and may approach the issue with a fresh set of eyes.  If nothing else, you are showing your colleagues and team members that you care enough to ask, that you are grappling with the issues, and that you value their opinions.

Pitch in as much as you can on deals that come across your desk and maybe even those that do not.  When you are just starting out, make yourself available for nearly any work assignment that you can.  Be careful though, as you get more senior, and especially as a woman, that you are not constantly falling in the trap of being responsible for ordering coffee during a late night meeting, or ordering lunch during weekend meetings.  Be a team player, but be sure your role on the team advances as those less experienced than you join.

What do you know now that you wish you knew in the beginning of your career?

I wish I knew that I could serve as a mentor to others relatively early in my career.  Many of the organizations we work with bring in new classes of associates/analysts each year.  Use the opportunity in year two to make yourself available to the members of the incoming class.  You have at least one year of experience they do not, and you will find it is rewarding for you, valuable for them, and beneficial for your team to help members of the incoming class navigate the minefields that perhaps you stumbled through.  Before you know it, your experience will serve as a wealth of information to others, and you’ll have had years of mentoring under your belt.  Whether it is how to navigate work trips while enduring morning sickness or helping others who return to work after maternity leave, mentoring the next generation of women with whom we work is incredibly gratifying and good for everyone. 

What is your approach/advice to change in the workplace?

Be flexible, embrace change and do not let it catch you flat-footed.  Develop a wide network, both within and outside of your organization.  The people in this network will serve as valuable resources in a changing organization.  There are often many opportunities to network outside of your organization, including conferences and events.  But networking within your organization should not be underestimated.  If you have been a summer associate or analyst, it can be easy to develop an internal network with the other members of your class.  Utilize their expertise, which each of you will develop over time and, as they move on to other roles, and perhaps you may as well, continue to utilize them as resources and, perhaps, they will become clients and referral sources.  If you find yourself in a new organization, draw upon the resources of your prior network while being proactive in forming or joining a new group of thought leaders, so that you have subject matter experts and resources you can turn to within your new environment.

The Secured Lender

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