# ITE Management

ITE Management is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2014
- **Assets under management:** $2B – $5B (Altss estimate)
- **Website:** itemanagement.com
- **LinkedIn:** https://www.linkedin.com/company/ite-management

## Regulatory record

- **CRD number:** 277037
- **SEC file number:** 801-106853
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/277037

## About

ITE Management is an SEC-registered investment adviser in New York, NY, registered since 2015. The firm manages approximately $7.4 billion in regulatory assets. It has 85 employees and 32 investment advisers.

## Sectors

- Infrastructure
- Energy Transition & Renewables
- Mobility & Transportation

## Offices

- Chicago, IL, United States

## People

- Brian Gelfand — Co-Founder & Managing Partner
- Jason Koenig — Co-Founder & Managing Partner

## Questions

### Who founded ITE Management and what is their background?

Brian Gelfand and Jason Koenig founded ITE in 2014 after leaving BlueMountain Capital, where they sourced and structured asset-backed credit investments. Their move anticipated a secular pullback by commercial banks from middle-market hard-asset lending, a market gap ITE was purpose-built to fill.

### How does ITE Management source its deal flow?

ITE sources through direct relationships with equipment owners, operators, lessors, and brokers across rail, aviation, intermodal, and renewable-energy sectors. The firm's credit-oriented, hard-asset focus attracts borrowers who need specialized structuring that traditional banks no longer provide for mid-size fleets.

### Does ITE invest in infrastructure equity or only credit?

ITE invests exclusively in infrastructure credit — primarily senior secured loans and asset-backed facilities — rather than equity. The firm holds a first-lien position on physical, revenue-producing assets like railcar fleets and solar equipment, collecting contractual yield and principal while leaving the residual equity ownership to the operator.

### What types of hard assets back ITE's loans?

The portfolio concentrates on transportation and energy-transition assets: railcars, intermodal containers, commercial aircraft, and solar or wind-energy equipment. These are movable, standardized, revenue-generating physical assets with established secondary markets, which ITE can repossess and remarket if a loan sours.

### In what geographies does ITE Management operate?

ITE is headquartered in New York with an additional office in Chicago. The firm sources and underwrites primarily across North America, with a secondary but growing European presence — especially for transportation-asset pools that naturally cross borders like container and aircraft financing.

### How does ITE charge and what return profile do LPs expect?

As a private credit manager, ITE charges management fees and carried interest on its commingled vehicles, targeting high-single to low-double-digit net returns. The yield derives from contractual spread on floating-rate or fixed-rate asset-backed loans, with downside cushioned by physical collateral that independently generates lease revenue.

### How is ITE Management connected to BlueMountain Capital?

ITE is a separate firm with no ongoing corporate linkage to BlueMountain Capital. The founding partners previously worked at BlueMountain, where they developed the asset-backed credit expertise that ITE now operates as an independent, partnership-owned platform.

## Related profiles

- [Benchmark Financial](https://altss.com/profile/ignite-group)
- [ITU Ventures](https://altss.com/profile/itu-ventures)

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

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