Backcast Partners Expands Investment Team with Key Hires
Investor - People | May 15, 2025 | Backcast Partners LLC
Backcast Partners, a renowned provider of debt and equity capital for middle-market enterprises, has announced an expansion of its investment team, aligning with its strategic growth in assets under management and a rising influx of investment prospects. Bijal Shah has been appointed as Managing Director, Business Development, bringing over two decades of expertise in lower middle-market credit and equity investing. Additionally, Jason Liu and Karl Amarteifio have been welcomed as Associates; both possess substantial backgrounds in finance and investment. Backcast Partners, since its inception in 2016, has focused on value-additive, credit-focused private investment, managing approximately $1.3 billion in assets. Their investment strategy caters primarily to businesses with an EBITDA between $7.5 million and $50 million, offering flexible investment sizes ranging from $20 million to $150 million.
Sectors
- Financial Services - Private Equity and Venture Capital
- Business Services
- Healthcare, Industrials, and Business Services
Geography
- United States – Backcast Partners operates primarily in the U.S., with offices in New York City and Millburn, NJ.
Industry
- Financial Services - Private Equity and Venture Capital – The article discusses Backcast Partners, a private equity firm engaged in debt and equity capital provision.
- Business Services – Bijal Shah’s role involves business development activities for Backcast Partners, which are classified under business services.
- Healthcare, Industrials, and Business Services – Bijal Shah specializes in investments across these sectors, highlighting Backcast Partners' investment focus areas.
Financials
- $1.3 billion – The amount of assets under management by Backcast Partners.
- $20 million to $150 million – The typical transaction investment range for Backcast Partners.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Backcast Partners | Private Equity Firm | Company | A private equity firm providing debt and equity capital. |
| Bijal Shah | Managing Director, Business Development | Person | New hire at Backcast Partners with over 20 years of investment experience. |
| Jason Liu | Associate | Person | New hire at Backcast Partners formerly with BMO Capital Markets. |
| Karl Amarteifio | Associate | Person | Joining Backcast Partners following his MBA from Columbia Business School. |