Management Team

Management Team

  • Ted Goldthorpe

    CEO and Director
    Mr. Goldthorpe is a Managing Partner of BCP Credit and serves as Chairman of the board of directors, Chief Executive Officer of Portman Ridge. He also serves in similar capacities for BC Partners Lending Corporation, a BDC affiliated with BC Partners. He joined BC Partners LLP to open BCP Credit in 2017. He was previously President of Apollo Investment Corporation and the Chief Investment Officer of Apollo Investment Management where he was the head of its U.S. Opportunistic Platform and also oversaw the Private Origination business. He was also a member of Apollo’s firm-wide Senior Management Committee. Prior to Apollo, Mr. Goldthorpe worked at Goldman Sachs for 13 years where he most recently ran the bank loan distressed investing desk. He was previously the head of Principal Capital Investing for the Special Situations Group. Mr. Goldthorpe launched BC Partners’ credit business in 2017 and oversees a team of experienced credit professionals. As a Managing Partner of the BC Partners LLP, Mr. Goldthorpe is also a member of the Investment Committee of the private equity business.
    • Edward Gilpin

      Chief Financial Officer, Secretary and Treasurer
      Mr. Gilpin is a member of the BCP Credit Team and serves as Chief Financial Officer, Secretary and Treasurer of Portman Ridge. He joined BCP Credit in 2019 after working at Portman Ridge (f/k/a KCAP Financial, Inc.) since June 2012. Mr. Gilpin has more than 30 years of experience. Prior to joining the company, Mr. Gilpin served as the Chief Financial Officer at Associated Renewable Inc., an end-to-end full service energy consulting since December 2010. From January 2008 to May 2010, he served as Executive Vice President and Chief Financial Officer of Ram Holdings, Ltd., a provider of financial guaranty reinsurance, and prior to that he was the Executive Vice President, Chief Financial Officer and Director of ACA Capital Holdings, Inc., a holding company that provided asset management services and credit protection products, from December 2000 to January 2008. Prior to joining ACA Capital, Mr. Gilpin was Vice President in the Financial Institutions Group at Prudential Securities, Inc.'s investment banking division. From 1998 to 2000, Mr. Gilpin served in the capacity of Chief Financial Officer for an ACA Capital affiliated start-up venture, developing the financial plans and spearheading the capital raising process. From 1991 to 1998, Mr. Gilpin was with MBIA, Inc., a holding company whose subsidiaries provide financial guarantee insurance, fixed-income asset management, and other specialized financial services, where he held various positions in the finance area. His most recent position with MBIA was Director, Chief of Staff for MBIA Insurance Company's President. Mr. Gilpin began his career as an Assistant Vice President in the Mutual Funds Department of BHC Securities, Inc. Mr. Gilpin holds an M.B.A. from Columbia University and a B.S. from St. Lawrence University.
      • Patrick Schafer

        Chief Investment Officer
        Mr. Schafer is a Principal at BCP Credit and serves as Chief Investment Officer of Portman Ridge. He joined BCP Credit in May 2018, having previously worked at Apollo Global Management. Mr. Schafer spent seven years at Apollo in the Opportunistic Credit group, most recently as a Managing Director in Direct Originations. Prior to Apollo, he spent three years at Deutsche Bank Securities in the Investment Banking Division. Mr. Schafer holds a BBA from the University of Notre Dame.
        • Andrew Devine

          Chief Compliance Officer

          Andrew joined BC Partners in 2015. Previously, he spent three years at Apax Partners as the Head of Operational Risk and Compliance. Prior to this he held positions at the Financial Services Authority, Standard and Poor’s and PwC Legal. He is a practising solicitor.