Backcast Partners Enhances Investment Team with New Additions
New York, NY (October 28, 2019) — Backcast Partners (“Backcast”), a provider of debt and equity capital for both middle market private equity and non-private equity owned companies, is pleased to announce the most recent additions to its investment team.
Ravi Pillay has joined Backcast as a Principal, with a primary focus on transaction origination, execution and portfolio management. Ravi joins after six years with Citizens Financial Group, the middle market leveraged finance unit previously spun out of RBS. Ravi was a Director and responsible for all aspects of deal execution and credit underwriting. Prior to Citizens/RBS, Ravi spent three years at MidCap Financial, Apollo’s middle market direct lending platform, where he focused on transaction execution. Upon graduation from law school in 2008, Ravi was an Associate for two years at Paul Hastings, where he worked on leveraged finance transactions. Ravi received a B.A. in Economics from Trinity College and a J.D. from American University, Washington College of Law. Ravi also has the distinction of having played professional lacrosse in Perth, Australia.
Mark Gudis, Managing Partner at Backcast said: “We have known Ravi for a long time, so we’re familiar with the wealth of leveraged credit investment experience he brings and know he will further enhance our already strong capabilities at Backcast. Ravi will also bring a powerful approach to investment execution given his business and legal knowledge. We are excited to have him join the team at a time when we are busy evaluating opportunities and investing our capital.”
Mary King has joined Backcast as an Analyst on the investment team. Mary joined Backcast in July upon graduating from Northeastern University, where she earned a B.S. in Business Administration with concentrations in Finance, Accounting and Management Information Systems. Mary earned the distinction of being a Scholars Independent Research Fellowship recipient, graduated with Honors and was a published author in the Harvard Business Review. Mary participated in Northeastern’s co-op program, working at PwC as a management consultant within the M&A group, Hercules Capital as an investment analyst and Goldman Sachs within the client relationship management group. Mary was named as one of the Best & Brightest Business Undergraduates of 2019 by Poets & Quants.
Mr. Gudis added: “I can’t recall ever interviewing a candidate who accomplished as much as Mary did while she was in college. She consistently excelled academically and spent a meaningful period of her time in school working for some of the best investment and financial services firms in the industry. In addition, Mary has invested meaningful time in various mentoring and charitable efforts, a character trait that really matters to us. We couldn’t be happier to have her as a member of our team.”
About Backcast Partners
Backcast Partners, formed in late 2016 by three former Blackstone senior investment professionals, is a value additive, private credit investment fund which provides investment capital to both private equity backed and privately held, management owned companies. The Backcast team has been supporting traditional middle market companies ($7.5 million to $50 million of EBITDA) for decades. Backcast has a very flexible capital mandate with the ability to invest up and down the capital structure. Backcast targets investment sizes as small as $10 million to as much as a recently closed $100 million+ transaction through its Backcast Credit Opportunities Fund I, L.P., certain co-investment vehicles and parallel funds, and a warehouse vehicle, aggregating approximately $750 million. Backcast’s investors currently include public and private pensions, insurance companies, foundations, endowments, multi-family offices and high net worth individuals. Backcast has offices in New York City, Millburn, NJ and Los Angeles, CA.
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