Backcast Partners Management LLC has launched a new middle market investment business to support North American companies across a variety of industries. The newly established business comes as the private equity industry is making a generational shift for new players.

The investment business will serve as a continuation of Backcast Partners’ previous partnerships and experience in middle market investing. The firm will provide direct investment debt and limited equity capital to companies with between $10 million and $50 million in Ebitda. The firm currently operates out of its offices in New York, Millburn, New Jersey and Los Angeles. Backcast Partners' founders Edward Cerny and David Petrucco will be joined by Mark Gudis, who will serve as founding partner and will oversee transaction sourcing for the investment business.

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