Backcast Partners Expands Investment Team to Seize New Opportunities

Backcast Partners Expands Investment Team

Backcast Partners, a prominent provider of debt and equity capital specifically for middle-market companies, has recently announced the expansion of its investment team. This strategic decision is not only aimed at enhancing their management of assets but also to better position the firm to seize an increasing number of high-quality investment opportunities.

Key Additions to the Team

Among the notable new hires is Bijal Shah, who joins Backcast as the Managing Director of Business Development. Bijal brings over 20 years of considerable experience in lower middle-market credit and equity investing. His expertise will support various fundamental areas such as investment origination, execution, and capital formation. Shah's impressive career path includes significant roles at renowned companies including Alignment Credit, WP Global Partners, KCAP Financial, and MetLife, where he focused on investments across the healthcare, business services, and industrial sectors. Bijal holds a Bachelor’s degree in Business Management from Ashford University.

Additionally, Jason Liu has recently come aboard as an Associate after three years at BMO Capital Markets in the Leveraged Finance group. Jason’s background includes origination and arrangement of leveraged loans and high-yield bond financing, which will undoubtedly contribute to Backcast’s mission of driving value in the market. He earned his B.S.B.A. from Georgetown University’s McDonough School of Business.

Another significant addition is Karl Amarteifio, also joining as an Associate following his graduation from Columbia Business School. Karl previously interned with Backcast as a Summer Associate in 2024, and he boasts nearly five years of investment banking experience from his time at Goldman Sachs and Bank of America Merrill Lynch. He holds a Bachelor’s degree in Business Administration from Ashesi University and is now pursuing his M.B.A.

Company Overview

Founded in 2016, Backcast Partners specializes in managing value-enhancing, credit-focused private investment funds. They provide capital to both private equity-backed and privately-held, management-owned companies. With roughly $1.3 billion in assets under management, Backcast has a legacy of supporting traditional middle-market businesses, specifically those boasting between $7.5 million to $50 million in EBITDA. Committed to a flexible capital mandate, their funds typically engage in investments ranging from $20 million to $150 million per transaction. The firm operates out of offices in both New York City and Millburn, NJ.

Conclusion

The continued growth and strategic hiring at Backcast Partners underline the firm’s ambitions to expand its operational capacity and market influence. As the demand for effective investment in the middle-market sector rises, Backcast Partners stands ready with a bolstered team and a commitment to delivering capital solutions that align well with the needs of relevant business sectors. Companies seeking capital can reach out to Mark Gudis, Managing Partner, at [email protected], or for investor inquiries, David Petrucco is available at [email protected].