Our Team

  • Adam Budnick*

    Co-Founder & Managing Partner

    Adam has been in insurance and capital markets for over twenty-five years, including seventeen years at AIG. Previously, he was the global head of several credit and mortgage insurance verticals at AIG. Prior to that, he was a managing director across credit, capital markets, derivatives and reinsurance. Prior to AIG, Adam held analytics and structuring roles at Citigroup, Prudential and Intex. Adam earned his MBA, beta gamma sigma, from Columbia Business School and holds a dual-major bachelor’s degree, cum laude, in economics and psychology from the University of Pennsylvania.

  • Zach Smith*

    Co-Founder & Managing Partner

    Zach has been in private equity, capital markets and banking for twenty years. Previously, he was a private equity investor at Aquiline, GIC and PIMCO focused on financial services and structured assets. At PIMCO, Zach was also the global head of capital markets for alternatives. Before that, he was a managing director in the financial institutions group at StoneCastle, a director in the structured credit group at Merrill Lynch and an analyst at Freddie Mac. Zach holds a dual-major bachelor's degree, magna cum laude, in economics and finance from Washington University in St. Louis.

  • Krishnan Nair

    Chief Risk Officer & Head of Analytics

    Krishnan has been in private credit, risk and analytics for more than thirteen years. Previously, he was a senior vice president and portfolio manager for the alternatives business at PIMCO, where he invested in credit and built the firm’s risk and analytics models. He started his career as a senior financial modeler at Risk Management solutions where he developed algorithms to model catastrophe risk. He holds a PhD in engineering and an MS in Mathematics and Statistics from Stanford University.

  • Phil DeBruin

    Sr. Vice President, Credit Underwriting

    Phil has over ten years of financial services experience, with previous roles at Nassau Financial Group, Stabilis Capital, and The Baupost Group. He has broad private markets experience across credit, real assets, and structured investments. Phil received a BS, magna cum laude, in Finance from Boston College, and an MBA from the University of Notre Dame. He is a CFA charterholder.

  • Catherine Mahony

    Sr. Vice President, Credit Underwriting

    Catherine has been in underwriting and risk management for more than nine years. Most recently, Catherine was a Vice President at JPMorgan’s Corporate & Investment Bank in credit risk management focusing on alternative asset managers and funds. Prior to that she focused on US municipalities & not-for-profits and European financial institutions. Catherine holds a bachelor’s degree, cum laude, in finance from the University of Notre Dame. She is a CFA charterholder.

  • Liam Cotter

    Vice President, Credit Underwriting

    Liam has over five years of experience across private credit, capital markets and banking. Most recently, he was an investment professional at Whitehorse Capital, the credit affiliate of H.I.G. Capital. Before that, Liam was an investment banker at HSBC, where he focused on leveraged & acquisition finance, equity capital markets, and corporate equity derivative transactions. Liam holds a bachelor's degree in Finance, with minors in Computer Science and Spanish, from Washington University in St. Louis.

  • Tomas Salaverria

    Underwriting and Portfolio Management

    Tom has been in financial services for more than five years. Most recently, Tom was an Associate at Blackstone within their Hedge Fund Solutions business unit focused on portfolio performance analytics. Before that, Tom was an Experienced Associate at PwC in the Alternative Investments group working with private capital funds. Tom holds a bachelor's degree, magna cum laude, in accounting & financial management from Bucknell University. He is a licensed CPA and a CFA charterholder.

Board Members* & Advisors

  • Nick Campbell*

    SiriusPoint

  • Dave Miles*

    ManchesterStory

  • Alex Duka

    Ex-Citi

  • Joe Hissong

    Ex-Essent

  • Sam Hodges

    Vouch

  • Geoff Kalish

    Aquiline

  • Alon Neches

    Fortitude Re / Ex-AIG

Business Partners

Global insurer and reinsurer providing solutions to clients and brokers in almost 150 countries. Listed on the New York Stock Exchange (SPNT) and rated A- by AM Best, S&P and Fitch.

Venture capital firm partnering with market-leading companies in the Insurtech and FinTech Sectors. Strategic relationships with multiple insurance carriers and backed by their capital.