Ravi Ugale
Ravi Ugale brings over 30 years of experience across private credit, secondaries, private equity and investment banking. He has a demonstrated track record of investing across market cycles, with deep experience in underwriting illiquid assets, evaluating manager quality and identifying market dislocations that create compelling secondary opportunities. His combined experience in direct investing and manager selection provides a differentiated perspective on portfolio construction, risk pricing, and resilient credit exposure.
Mr. Ugale is a Managing Director at Star Mountain Capital and a senior leader within the firm’s credit secondaries strategy. He is responsible for originating, underwriting and managing investments, with a focus on complex, off-market opportunities and structuring transactions that emphasize downside protection and attractive risk-adjusted returns. He works closely with individual and institutional investors on capital formation and portfolio construction within private credit secondaries and plays an active role in mentoring and developing investment talent across the firm.
Prior to joining Star Mountain, Mr. Ugale was Managing Director and Head of Manager Research for Private Capital Strategies at Truist Wealth (wholly owned division of $500+ billion in assets Truist Bank; NYS TFC), GenSpring Family Offices and SunTrust. There, he built and scaled a private markets platform to over $2.5 billion in assets under management, allocating across private credit, secondaries and private equity on behalf of family offices, endowments and foundations. His extensive experience underwriting funds and portfolios enhances his ability to source and diligence secondary investments with a high degree of selectivity.
Earlier in his career, he served as Managing Director at Catalyst Financial and spent a decade as a Partner and Investment Committee Member at Crossbow, where he led direct investments across technology, business services and healthcare. He has invested in 14 companies and executed multiple successful exits to strategic acquirers, including General Electric and Verizon. He has also driven operational value creation, including serving as Interim CEO of a portfolio company through recapitalization and exit. This operating and control-oriented background informs his disciplined approach to credit underwriting and recovery scenarios.
Mr. Ugale began his career in operating roles at IBM, Xerox and Siemens, shaping his investment philosophy around execution, cash flow durability and operational resilience—core tenets of his approach to credit investing.
He is a YPO member and has contributed to industry thought leadership through the Institutional Limited Partners Association (ILPA). Mr. Ugale holds a degree in Instrumentation Engineering from COEP Technological University, an M.S. in Computer Science & Electrical Engineering from Marquette University and an MBA in Finance & International Business from Florida Atlantic University.