# Andalusian Private Capital (David Tepper Family Office)

Andalusian Private Capital (David Tepper Family Office) is a Family Office based in New York, United States.

## Overview

- **Organization type:** Family Office
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** $2.8B (per firm website, 2024)
- **Website:** andalusian.com

## Regulatory record

- **Reports private funds:** No

## About

Andalusian Private Capital operates as the investment and advisory arm of David Tepper's wealth, sharing a New York headquarters with his hedge fund Appaloosa Management. Co-founders Jeffrey Kaplan and Nicholas Savasta, both from blue-chip alternative asset backgrounds—Kaplan as former COO of Appaloosa, Savasta as a managing director at MSD Partners—lead the platform alongside Executive Chairman Roger W. Ferguson Jr. The firm targets private equity and co-investments, private credit, and M&A advisory, deploying over $2.8 billion in commitments across diverse industries. Its investment posture spans direct deals, co-investments alongside GPs, and structured financing solutions, with a focus on flexible, creative capital. Confirmed relationships include partnering with Appaloosa Management, which shares personnel and office space (Altss estimate). Geographic focus centers on North America. Andalusian has six named professionals in leadership roles, including Aaron Kless as CEO and CIO of Andalusian Credit Partners. The Tepper Foundation serves as the philanthropic vehicle, separate from the investment platform. A Short Hills, New Jersey office houses Andalusian Sports Advisors. Roger Ferguson, a former Federal Reserve vice chairman, brings governance depth through memberships in the Council on Foreign Relations and Economic Club of New York. A structural differentiator is the firm's integrated platform combining private equity, credit, and advisory under one roof—a model more common among multi-strategy asset managers than family offices. This architecture, paired with direct ties to Appaloosa Management's trading and risk expertise, gives Andalusian a hybrid sourcing and execution advantage over traditional single-family offices.

## Sectors

- Private Equity
- Private Credit
- M&A Advisory

## Offices

- Short Hills, NJ

## People

- David Tepper — Founder
- Jeffrey Kaplan — Co-Founder and Managing Partner
- Nicholas Savasta — Co-Founder and Managing Partner
- Aaron Kless — CEO and CIO of Andalusian Credit Partners
- Roger W. Ferguson Jr. — Executive Chairman

## Questions

### Who runs investment decisions at Andalusian Private Capital?

An investment committee led by Executive Chairman Roger W. Ferguson Jr. and co-founding managing partners Jeffrey Kaplan and Nicholas Savasta oversees strategy. Aaron Kless serves as CEO and CIO of the Andalusian Credit Partners unit (per firm website).

### How does Andalusian source proprietary deal flow?

The firm leverages its integrated platform of private equity, credit, and M&A advisory to originate deals across industries. Shared office space and personnel with Appaloosa Management provide additional proprietary sourcing from a major hedge fund network (Altss estimate).

### Is Andalusian structured as a single family office or does it operate more like an asset manager?

Andalusian functions as an investment and advisory firm, but its capital base comes primarily from David Tepper, making it a family office in structure. However, its public-facing platform offers services to external investors and clients, blurring the line toward a multi-family office or asset manager model.

### What investment stages does Andalusian typically target?

The firm focuses on growth-stage private equity and private credit investments, with an emphasis on flexible financing for companies across industries. It does not publicly specify a single stage, but the platform's language centers on 'business growth' and 'creative financing.'

### Does Andalusian maintain philanthropic structures, and how are they separated?

Yes, The Tepper Foundation is a separate philanthropic entity. It is not part of Andalusian's investment platform, though its establishment reflects the family's broader wealth-management structure.

## Related profiles

- [Ancora Family Wealth Advisors](https://altss.com/profile/ancorafamilywealthadvisors)
- [Andina Family Office](https://altss.com/profile/andinafamilyoffice)

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Updated: 2026-06-03T20:00:00.000Z

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