ATEL Private Debt

ATEL Capital Group is a leading provider of private debt investment funds

ATEL has provided private debt investment funds for 18 years. Our parent company has 40 years’ experience managing institutional funds with over $2 billion raised.

The ATEL Private Debt Investment (AIPDF) strategy is a diversified portfolio of carefully originated senior, secured debt that includes warrants. Our companies are backed by top-tier VC investment firms and strategic corporate partners. Equity warrants (rights to purchase equity) are often included in the loan terms and can provide meaningful upside potential to investors. The AIPDF investment strategy is time tested, and remains unchanged since inception in 2000.

Strategy:

  • Senior secured loans from the most promising pre-IPO emerging growth companies backed by top-tier (VC) investment firms and strategic corporate partners.
  • Typical loan rates between 10% and 20%.
  • Typical loan terms: 24 to 48 months, averaging 34 months.
  • Diversification representing technology, media, telecommunication, gaming, automotive, life sciences, agtech, sustainable, and renewable technologies.
  • Absolute return strategy with reliable distributions.

 

Track Record:

  • High IRR: 19.31% for 5 years as of 3/31/2018. 16.2% since inception in 2000.*
  • Low Default Rate: Net default rate of 1.12% since 2004 and 1.19% since inception in 2000.
  • High Percentage of Warrant Activation: 48% of ATEL portfolio companies IPO, merge or are acquired, thus activating warrants. 56 out of 118 companies have had an exit event.

*Gross of fees and expenses

 

Angelo Pirri

 

  • Angelo Pirri
  • Director of Institutional Sales
  • 415-616-5544
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    Angelo Pirri joined ATEL as a Director of Institutional Sales. Prior to joining ATEL, Mr. Pirri was Director of Intermediary Sales at HSBC Global Asset Management, one of the largest global organizations and a leading manager of emerging markets investments. While at HSBC, Mr. Pirri was responsible for all phases of business development including client relationship management and investment consulting. Mr. Pirri has more than 20 years of financial industry experience and has spent more than a decade working directly with institutional analysts and advisors.

    Mr. Pirri has previously worked for other leading firms such as Deutsche Bank, Julius Baer Investment Management and Merrill Lynch Asset Management. Mr. Pirri graduated from Bocconi University in Milan and attended the MBA program at University of San Francisco.

 


 

Timothy H. Holmes

 

  • Timothy H. Holmes
  • Director of Institutional Sales
  • 415-616-5542
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    Mr. Holmes is a Director of Institutional Sales and a senior investment professional with over 27 years of investment industry experience. Mr. Holmes is responsible for sales and business development activities with institutional investors and consultants. He also directs marketing initiatives to institutions and administrative functions.

    Prior to joining ATEL, Mr. Holmes was responsible for investment in hedge funds and private equity at SF Sentry Investment Group, a San Francisco based multi-family office for private wealth management. In addition, he has been a Managing Director at Coast Asset Management, a multi-billion dollar hedge fund management company and a leading fixed income arbitrage manager.

    Prior to Coast, Mr. Holmes served as a Client Portfolio Manager at Nuveen Asset Management where he was responsible for product management, client communications and business development of the taxable fixed income products. Previously he was a Managing Member of Ascendant Capital Partners, a long/short fund of hedge funds, where he was responsible for business development, sourcing investment managers and due diligence. In addition, Mr. Holmes was with John A. Levin & Co., where he held several key positions in Business Development and at Robertson Stephens as Vice President. Prior to his financial services career, Mr. Holmes served as an Officer in the United States Navy (active and reserve) from 1986 to 2002, where he achieved the rank of Lieutenant Commander.

    Mr. Holmes received his Bachelor of Science in Chemistry from the University of California, Davis and currently holds FINRA licenses 63, 65, 7 and 79.

 

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