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Andalusian Private Capital
Andalusian Private Capital manages $1.7B for David Tepper's family wealth across private equity, credit, and special situations.
Andalusian Private Capital
Andalusian Private Capital was founded in 2020 by Jeffrey Kaplan and Nicholas Savasta with David Tepper as the founding investor. The firm channels wealth generated by Tepper's Appaloosa Management hedge fund into a dedicated private markets platform. It operates from Short Hills, New Jersey, with an additional office in Miami Beach. The firm deploys capital through private equity, direct co-investments, private credit, and secondaries. It targets growth and later-stage companies with ticket sizes between $100M and $500M. Confirmed holdings include co-investments in Epic Games, Canva, Moon Active, and VistaJet. Geographic coverage centers on North America with confirmed activity in the Middle East and indicated reach into Europe and Oceania. Andalusian employs teams that source, underwrite, and manage investments across multiple asset classes. It maintains a direct deal program and reports 1,709M in AUM. In November 2024 the firm announced plans to open its first international office in the UAE by early 2025. Adjacent vehicles include The Tepper Foundation, which focuses on education, health, and community development in the United States. The firm's structure ties operating decisions directly to the Tepper family wealth while executing third-party mandates through funds and separate accounts. This hybrid model allows flexible long-duration capital alongside sports and media sector expertise derived from Tepper's ownership of the Carolina Panthers and Charlotte FC.
General information
Firm type
Multi Family Office
Year founded
2020
AUM
1.7B (Altss estimate)
Location
Region
North America
Country
United States
City
New York
Corporate office
Short Hills, NJ, United States
Additional offices
Miami Beach, FL, United States
Principals
Jeffrey Kaplan
Managing Partner
Nicholas Savasta
Managing Partner
Aaron Kless
Managing Partner
David Tepper
Founding Investor
Sector focus
Frequently asked questions
Who runs investment decisions at Andalusian Private Capital?
Jeffrey Kaplan and Nicholas Savasta serve as managing partners. Aaron Kless leads investment strategy as managing partner. David Tepper acts as founding investor.
How does Andalusian Private Capital source proprietary deal flow?
The firm leverages relationships from Appaloosa Management and Tepper's sports ownership. It participates in co-investments alongside established GPs in technology, media, and sports sectors.
Is Andalusian Private Capital structured as a single family office or does it operate more like a venture firm?
It functions as a multi-family office vehicle that also raises external capital through funds and managed accounts. The platform executes direct co-investments and private credit alongside third-party mandates.
Does Andalusian Private Capital participate in fund commitments or only direct deals?
The firm executes both direct co-investments and commitments through its own funds and separate managed accounts. It maintains a confirmed direct deal program.
What investment stages does Andalusian Private Capital typically target?
The firm focuses on growth and later-stage opportunities. It explicitly avoids startup-stage investments.
Where does the underlying wealth come from?
Capital originates from David Tepper's gains at Appaloosa Management. Tepper serves as the founding investor of the platform.
What is Andalusian Private Capital's known posture on co-investments alongside external GPs?
The firm regularly participates in co-investments. Recent examples include rounds with Qatar Investment Authority, Mubadala, and Rhône Group.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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