# Independent Financial

Independent Financial is an Asset Manager based in Tampa, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Tampa, United States
- **Region:** North America
- **Address:** Austin, TX, United States
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** ifamtg.com
- **LinkedIn:** https://www.linkedin.com/company/indfinancial

## Regulatory record

- **CRD number:** 125112
- **SEC file number:** 801-69511
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/125112

## About

Independent Financial is an SEC-registered investment adviser in Tampa, FL, registered since 2008. The firm manages $16.3 billion in assets, with $11.6 billion on a discretionary basis. It has 328 employees and 302 investment advisers.

## Sectors

- Real Estate
- Private Credit
- Infrastructure
- Energy Transition & Renewables

## People

- Shad Besikof — Chairman and CEO

## Questions

### How does Independent Financial source its deal flow?

The firm originates loans through a regional network concentrated in Sun Belt and Mountain West markets, relying on direct relationships with commercial real estate sponsors, mortgage brokers, and middle-market intermediaries. This origination model focuses on assets between $5 million and $50 million, a size bracket where national direct lenders are less active.

### Does Independent Financial commit to funds or only direct deals?

Independent Financial raises discretionary private funds and separately managed accounts, then deploys capital into directly originated loans and structured investments. The firm does not operate as a fund-of-funds and has not publicly disclosed commitments to external managers.

### What asset classes does Independent Financial target?

The firm deploys capital across three primary verticals: private credit (including asset-backed and specialty finance), commercial real estate debt (bridge loans, mezzanine financing), and structured equity (preferred equity positions on commercial properties). These strategies are yield-oriented and collateral-backed.

### How is Independent Financial different from larger direct lenders?

Independent Financial targets the middle-market segment — loans of roughly $5 million to $50 million — below the minimum check size of large institutional direct lenders. The firm maintains a regional origination presence in secondary growth markets and operates without an external financial sponsor, which preserves investment committee independence on deal-level decisions.

### Is Independent Financial affiliated with any other entity?

There is a separate publicly traded entity also named Independent Financial (Independent Bank Group, based in McKinney, Texas), but Shad Besikof's firm is a privately held alternative investment manager with no disclosed affiliation to that banking institution. The firms are distinct entities operating in adjacent parts of the financial services landscape.

### What is Independent Financial's investor base?

The firm manages capital for institutional investors including pension funds, insurance companies, and family offices, primarily through private fund vehicles and separately managed accounts. It has not publicly disclosed total assets under management or specific institutional clients.

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Last updated: 2026-06-03T20:00:00.000Z

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