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KPSIM Advisors
KPSIM Advisors operates from New York as a specialist asset manager focused on private credit and real assets. Founded by Kunal Shah after a decade at Partners...
KPSIM Advisors
KPSIM Advisors operates from New York as a specialist asset manager focused on private credit and real assets. Founded by Kunal Shah after a decade at Partners Group — where he chaired the global private credit investment committee and managed over $15 billion in commitments — the firm targets dislocation and complexity premiums that generic large platforms cannot efficiently underwrite. Its mandate excludes venture equity and growth-stage software, concentrating instead on contractual cash flows and hard-asset collateral with structural protections built into the documentation layer. The firm deploys across private credit, real estate debt and equity, infrastructure mezzanine, and GP-led secondary transactions. Its credit book spans direct lending, special situations, and structured rescue financing, with known exposure to middle-market sponsor-backed deals and real estate bridge loans in gateway US cities. On the real assets side, the firm evaluates value-add office repositioning, multifamily bridge capital, and transportation-infrastructure credit alongside institutional co-investors. The secondary strategy focuses on LP portfolio sales and structured continuation-vehicle equity, often anchoring smaller transactions that bulge-bracket advisory platforms dismiss. Shah built the firm as a lean principal-investment office rather than a distribution-driven manager. The team is deliberately compact — sourcing, underwriting, and portfolio monitoring remain with a small senior group that operates with a single investment committee. The firm does not publish an AUM figure. In December 2023, the team closed a preferred-equity co-investment in a Class B industrial portfolio across Northern New Jersey alongside a New York-based family office (per public record, December 2023). KPSIM Advisors functions as an outsourced CIO for select family offices while retaining its own pooled-vehicle capacity. This dual posture — bespoke separate accounts plus a commingled drawdown fund — means the firm can warehouse direct loan originations and later syndicate to account holders, creating a sourcing flywheel that pure-advisory shops lack. No succession structure has been publicly disclosed beyond Shah's controlling principal role.
General information
Firm type
Bank / Wealth / Trust
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Kunal Shah
Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at KPSIM Advisors?
Kunal Shah, the founder and CEO, leads all investment decisions. He previously served as Global Head of Private Credit at Partners Group, where he chaired the global private credit investment committee and oversaw more than $15 billion in commitments. A single internal investment committee governs portfolio construction and deal approval at KPSIM Advisors.
How does KPSIM Advisors source its deal flow?
The firm originates through a combination of sponsor relationships from Shah's tenure at Partners Group, direct intermediary networks in the middle market, and referrals from family-office co-investors. Its lean structure allows it to underwrite smaller, structurally complex transactions that larger asset managers screen out. The firm also builds sourcing through its separate-account clients, who often surface off-market opportunities from their own operating businesses and networks.
Is KPSIM Advisors a family office or does it manage third-party capital?
KPSIM Advisors manages third-party capital for family offices and institutions through commingled private funds and bespoke separate accounts. It also serves as an outsourced CIO for select families, constructing dedicated portfolios that mirror the firm's house strategies. It does not function as a single-family office.
Does KPSIM Advisors invest in venture capital or growth equity?
No. The firm explicitly avoids venture equity and growth-stage technology companies, concentrating entirely on private credit, real estate, infrastructure, and GP-led secondary transactions. This exclusion is structural — the firm seeks contractual cash flows and asset-backed collateral rather than equity upside in unprofitable companies.
What is KPSIM Advisors's known posture on co-investments alongside external GPs?
The firm actively participates in co-investments alongside real estate and credit GPs, particularly in deals where it can contribute structuring expertise or anchor a smaller tranche. The December 2023 industrial-portfolio preferred-equity co-investment — executed alongside a New York-based family office — exemplifies this approach, where the firm enters as a solutions-capital provider rather than a passive LP.
What investment structures does KPSIM Advisors typically use?
The firm uses commingled drawdown vehicles for pooled capital and separately managed accounts for family-office clients seeking customized exposure. Within its credit book, it originates direct loans, structured rescue financings, and mezzanine instruments. On the secondary side, it acquires LP portfolio interests and anchors continuation-vehicle equity raises, typically targeting sub-institutional deal sizes.
Does KPSIM Advisors disclose its assets under management?
The firm does not publicly disclose its AUM. Given its compact team and focus on concentrated, illiquid strategies, total commitments are likely measured in the hundreds of millions rather than tens of billions — a deliberate choice to preserve underwriting flexibility and avoid the capacity constraints that force large platforms into commoditized deal flow.
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