Arrowpoint Partners announced today that the firm is expanding its efforts in the direct lending space with the addition of Vipul Shah and Michael Novoseller to the Arrowpoint Direct platform. Arrowpoint is a multi-strategy asset manager, managing $7.4 billion in assets for high-net-worth and institutional investors.
The additions of Shah and Novoseller to Arrowpoint’s New York office will expand the firm’s current capabilities in providing middle-market direct loans. Arrowpoint manages more than $3 billion in fixed income assets, including direct loans, collateralized loan obligations and absolute return strategies. Today, Arrowpoint Direct provides customized debt and equity solutions to finance buyouts, growth, acquisitions, shareholder liquidity and recapitalizations for companies with EBITDA between $3 million and $50 million. Arrowpoint expects to offer a strategy this year exclusively focused on direct lending opportunities.
“We believe there continue to be attractive opportunities to partner with companies and management teams to provide debt and equity solutions with a thoughtful, relationship-focused mindset,” said Michael Novoseller. “Having worked with Arrowpoint leadership in the past, we are excited to join the team.”
“Our experience as entrepreneurs, operators and investors, coupled with Arrowpoint’s capabilities and robust platform, allows us to provide a range of solutions for small- and medium-sized companies,” said Vipul Shah.
Shah and Novoseller join Arrowpoint from Brightwood Capital, where they were both managing directors, responsible for leading private debt and equity investments in a variety of businesses. The additions of Shah, 20 years of experience, and Novoseller, 17 years of experience, will increase depth across Arrowpoint’s existing team.
“The addition of Vipul and Michael are both a great fit to our culture and our deep fundamental research process,” said David Corkins, Arrowpoint’s managing partner and founder. “We believe their extensive network to originate private investments can accelerate our existing efforts. We are excited to have two high-quality individuals, who share our commitment to investors, join our team.”
Arrowpoint Partners is an SEC-registered investment adviser based in Denver, Colorado, with offices in California and New York.