ITE Management Company Profile

Background

ITE Management L.P. is an alternative investment firm specializing in transportation and industrial assets. Established in 2014 and headquartered in New York City, the firm focuses on generating stable, risk-adjusted returns for investors through a diversified portfolio of essential, income-generating transportation assets.

Key Strategic Focus

ITE Management's strategic focus encompasses:

Asset & Portfolio Management: Optimizing asset portfolios to reduce volatility and maximize cash flow.

Operating Partnerships: Collaborating with operating companies to leverage industry knowledge and enhance capital allocation.

Data Platform: Utilizing proprietary predictive data modeling to inform decisions and diversify portfolio construction.

Risk Management: Conducting extensive investment diligence to address financial structures and mitigate long-term exposure.

The firm's investment portfolio includes assets such as railcars, intermodal equipment, transportation infrastructure, chassis, marine vessels, and aircraft.

Financials and Funding

As of December 2023, ITE Management's total asset valuation stands at approximately $3.19 billion. The firm manages $3.4 billion in assets across nine customer accounts, with an average account size of $380.2 million.

Pipeline Development

ITE Management's investment activities include:

SMBC Rail Services: Acquired in December 2023, focusing on rail industry assets.

Trend Intermodal Chassis Leasing: Invested in December 2023, targeting road transportation assets.

Pyka: Invested in April 2022, specializing in aerospace and defense.

C.K. Industries: Acquired in December 2021, focusing on rail assets.

American Railcar Industries: Acquired in December 2018, with manufacturing assets sold in April 2019.

Technological Platform and Innovation

ITE Management differentiates itself through:

Proprietary Data Platform: Employing predictive data modeling to unlock insights and drive core decisions.

Operating Expertise: Integrating industry professionals with extensive experience in investments, asset management, banking, manufacturing, and leasing.

Risk Management: Implementing comprehensive investment diligence processes to proactively address financial structures and mitigate risks.

Leadership Team

Jason Koenig: Co-Founder, Managing Partner

David Smilow: Co-Founder, Partner

Adam Alpert: Head of Risk Management, Research, & Trading

Peter Andresén: Chief Technology Officer & Chief Data Scientist

Peter Appel: Head of Rail

Joel Biran: Head of Strategic Transactions

Deirdre Brady: General Counsel & Chief Compliance Officer

Matthew Brand: Chief Operating Officer

Lisette Farah: Chief Financial Officer

Raymond Fung: Head of Emerging Technology & Innovation

Stephanie Leichter: Head of Human Capital

Rachel Lemberg: Global Head of Capital Formation & Investor Relations

Steve Mason: Head of Aviation, Operating Partner

Jennifer Polli: Head of Intermodal, Senior Operating Partner

Gokce Tezel: Senior Operating Partner

James Unger: Chairman Emeritus, Senior Operating Partner

Competitor Profile

Market Insights and Dynamics: The transportation and industrial asset investment market is characterized by stable cash flows, low correlation to equity and credit markets, and favorable tax structures.

Competitor Analysis:

Legend Holdings: An investment firm with a diverse portfolio across various industries.

Amana Capital: A provider of capital market services.

TGI Group: An investment and holding company.

KANAMEL: A company offering advertising and video-related services.

Strategic Collaborations and Partnerships

ITE Management collaborates with operating companies to leverage industry knowledge, enhance deal flow, and optimize capital allocation.

Operational Insights

The firm's unique combination of operating expertise, data analytics, and capital markets proficiency positions it to effectively manage and optimize transportation and industrial assets, providing a competitive advantage in the market.

Strategic Opportunities and Future Directions

ITE Management aims to continue expanding its diversified portfolio of transportation and industrial assets, leveraging its operational expertise and data-driven insights to generate stable, risk-adjusted returns for investors.