SVL Investment Management

Shamit V. Lakhani is the Managing Partner and Chief Investment Officer and the sole named decision-maker in public investment adviser filings. His professional background includes vice president roles in principal investing at Apollo Global Management and leverage finance at RBC Capital Markets, where he sourced and structured mid-market private credit and equity transactions.

The firm's public disclosures indicate that SVL operates with a permanent capital base, but the specific investor composition — whether purely proprietary, seeded by a single family, or including external limited partners — is not publicly detailed. The absence of redemption cycles and closed-end fund timelines is a key differentiator in the firm's own description of its investment approach.

SVL invests across the capital structure in mid-market companies, typically below $50 million in enterprise value. Mandates include senior stretch loans, mezzanine and subordinated debt, preferred equity, and common equity. The firm focuses on off-the-run situations where complexity — operational turnaround requirements, regulatory entanglement, or broken auction processes — reduces competition from larger credit platforms.

Consistent focus areas include healthcare services (particularly medical office and ambulatory surgery centers), enterprise software with recurring revenue models, and asset-heavy industrials. The firm has historically avoided venture-stage companies, retail-facing consumer businesses, hospitality, and commodity-linked sectors where cash-flow predictability falls below its underwriting thresholds.

SVL relies on a network of restructuring advisors, regional and boutique investment banks, law firms specializing in bankruptcy and out-of-court workouts, and the professional relationships Lakhani built during twelve years on the sell-side and buy-side at Apollo and RBC. The firm does not participate in broad auction processes, instead leaning on bilateral and brokered introductions where speed and reliability of close matter more than competitive tension.

Because SVL uses permanent capital rather than closed-end fund structures, the firm can hold debt positions to maturity and equity positions until a natural liquidity event, without the forced recycling that drives many credit funds to sell performing assets prematurely. This patient-capital posture is central to the firm's pitch to borrowers who value a non-bank lender that will not force a refinancing or sale on a fund-cycle timeline.

SVL Investment Management operates as a registered investment adviser with the SEC, based on its Form ADV filing (public record). The firm lists one named advisory affiliate — Shamit V. Lakhani — and does not report any investment adviser representatives beyond that.