Blackstone vets launch new mid-market investment firm Backcast

Two ex-Kayne Anderson Capital executives launched Backcast Partners Management LLC, a middle-market debt shop.

With offices in New York City, Millburn, New Jersey and Los Angeles, Backcast will provide both direct debt and to a lesser extent, equity funding to North American mid-market companies that have an EBITDA of between $10 million and $50 million.

The firm’s co-founders and managing partners are mid-market investing veterans Edward Cerny and David Petrucco. Cerny and Petrucco are former colleagues at Kayne Anderson Capital Advisors and The Blackstone Group.

At Kayne, Cerny and Petrucco launched the firm’s mid-market credit platform where they managed several credit funds. Also, both served as managing directors on Blackstone’s corporate debt lending team, which targeted debt and equity mid-market investments.

Joining Backcast as a partner is Mark Gudis, a former colleague of Cerny and Petrucco’s at Blackstone where he, too, was a managing director at Blackstone’s corporate debt group. In his new role at Backcast, Gudis will oversee deal sourcing. Previously, Gudis was the founder and head of private debt capital of S.A.C. Capital.

Other members of the team are William Tomai as chief financial officer/chief operating officer/chief compliance officer and head of human resources; and Damon Ng as controller.

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