NEW YORK, May 13, 2025 /PRNewswire/ — Backcast Partners (“Backcast”), a leading provider of debt and equity capital for middle-market companies, is pleased to announce the further expansion of its investment team. This growth supports not only the firm’s strategic increase in assets under management but also the significant volume of high-quality investment opportunities.
Bijal Shah, Managing Director, Business Development Jason Liu, Associate Karl Amarteifio, Associate
Bijal Shah has joined Backcast as Managing Director, Business Development. With more than 20 years of experience in lower middle-market credit and equity investing, Mr. Shah will support the firm across multiple areas, including investment origination, execution, and capital formation. His career includes roles at Alignment Credit, WP Global Partners, KCAP Financial, and MetLife. Mr. Shah specializes in investments in the healthcare, business services, and industrials segments. He holds a B.A. in Business Management from Ashford University.
Jason Liu recently joined Backcast as an Associate. He was previously with BMO Capital Markets in the Leveraged Finance group, where he spent the last three years originating and arranging leveraged loan and high-yield bond financings for sponsor-backed and corporate clients across various industries. Mr. Liu earned a B.S.B.A. from Georgetown University’s McDonough School of Business.
Karl Amarteifio will be joining Backcast as an Associate following his graduation this May from Columbia Business School. Mr. Amarteifio was a Summer Associate with the firm in 2024 and continued working with Backcast through Spring 2025. He brings nearly five years of investment banking experience, having served as an Associate at Goldman Sachs and as an Analyst at Bank of America Merrill Lynch. In addition to his expected M.B.A., he holds a B.S. in Business Administration from Ashesi University.
