Angel Island Capital Appoints Dev Gopalan Chief Executive Officer

SAN FRANCISCO, CA – September 19, 2017 — Angel Island Capital (“AIC”), a San Francisco-based alternative investment advisor and credit manager, today announced the appointment of Dev Gopalan as Chief Executive Officer. A seasoned financial services executive, Mr. Gopalan joins Angel Island Capital from leading global investment firm Kohlberg Kravis Roberts (“KKR”), where he served as Head of US Private Credit and was a member of the Global Private Credit Investment Committee and KKR Credit Portfolio Management Committee.

AIC was formed in 2008 as a specialty finance portfolio company of Golden Gate Capital, a leading private equity firm with over $15 billion of committed capital under management. Angel Island Capital Management (“AICM”) is a multi-strategy credit platform with approximately $3 billion in invested assets. AICM actively invests across the credit spectrum with a focus on bank loans and high-yield bonds. The firm seeks to identify superior risk-adjusted opportunities within industries where it has deep domain knowledge by employing a rigorous, bottom-up, interdisciplinary investment process.

Rob Little, a Managing Director of Golden Gate Capital and Angel Island Capital Board Member, said, “Over the past several years, Angel Island Capital has undergone an extraordinary evolution, transitioning from a start-up portfolio company of our perpetual fund vehicle, the Golden Gate Capital Opportunity Fund, to a successful investment firm with a truly unique investment approach and strong reputation in the market. We are very excited to welcome Dev as Angel Island’s CEO, and are confident that his skillset and years of industry expertise will build upon AIC’s success to date and help steer the business into its next chapter of growth.”

As CEO, Mr. Gopalan will focus on continuing to enhance the investment process, working with Senior Portfolio Manager Rob Stobo and the senior investment team. In addition, he will work closely with Jon Cohen, Head of Business Development, to grow AIC’s institutional client relationships. Mr. Gopalan said, “I’m honored to take on the role of CEO at Angel Island Capital at such an exciting time for the firm, and to be joining such an exceptional group of investment professionals. I look forward to working with the team to pursue the many opportunities we see for credit investing across the capital structure in today’s evolving landscape.”

Mr. Gopalan previously spent seven years with KKR, where he helped build KKR’s private credit business and was involved in working with institutional investors. Prior to KKR, Mr. Gopalan was a Principal of Private Investments/Private Debt at the Canada Pension Plan Investment Board. Earlier in his career, he worked at Barclays Capital, Goldman Sachs and JPMorgan Chase in high-yield capital markets as well as high-yield/leveraged loan research covering a variety of sectors. Mr. Gopalan has a Master’s degree in International Finance from Brandeis University and Bachelor degrees in Biology and Economics from Georgetown University. He was formerly on the boards of Home Partners of America, DCAL Aviation Finance Limited, and KKR DVB Aviation Limited Capital, and currently serves on the board of Rebound Hounds, a non-profit organization.

About Angel Island Capital

Angel Island Capital (“AIC”) is an alternative credit advisor based in San Francisco that was established in 2008 as a specialty finance portfolio company of Golden Gate Capital to target corporate debt investments that are highly complementary to Golden Gate Capital’s traditional private equity practice. AIC manages approximately $3 billion in assets across a range of credit strategies. For more information, visit

About Golden Gate Capital

Golden Gate Capital is a San Francisco-based private equity investment firm with over $15 billion of committed capital. The firm’s perpetual structure and highly flexible investment mandate enable it to invest in multiple asset classes across a wide range of industries to build meaningful businesses in partnership with management over an indefinite time horizon. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Notable investments sponsored by Golden Gate Capital include Nassau Re, Green Street Advisors, Makena Capital Management, Infor, Springs Window Fashions and Red Lobster. For more information, visit

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Jenny Gore / Alyssa Linn
Sard Verbinnen & Co
(312) 895-4700 / (310) 201-2040