Ferghana Investment Partners has appointed Katie Marshall as Managing Director and Will Callahan as Senior Managing Director, adding nearly four decades of combined experience to the investment team at the hybrid capital firm.
Both executives will play significant roles in investment origination and execution as Ferghana expands its sourcing capabilities across the U.S.
Marshall brings 19 years of industry experience and will focus on investment origination and evaluation, particularly across the Midwest and Sun Belt.
She spent her entire career before Ferghana at PNC Business Credit, where she most recently served as Senior Vice President of Originations.
Marshall has experience sourcing and closing structured finance and asset-based lending credit investments and serving as a primary relationship lead with executives and dealmakers on complex credit facilities.
Her appointment is also intended to deepen Ferghana’s relationships with middle-market founders, business owners and family-owned companies.
Callahan also brings 19 years of industry experience.
He joins from lower-middle-market private equity firm TZP Group, where he served as a Partner and led platform investments across residential and facilities services.
Callahan also served on the boards of Re-Bath, Superscapes, Results Roofing and Christy Sports.
His earlier experience includes positions at Comvest Partners, Technology Crossover Ventures and Citigroup.
Ferghana launched earlier in 2026 with backing from a strategic partnership with New Catalyst Strategic Partners.
The firm provides capital solutions positioned between traditional debt and equity for middle-market companies and has completed multiple investments since its launch.
KEY QUOTE:
“Will and Katie’s overall industry, thematic, and regional expertise align perfectly with our mission to identify opportunities ahead of market consensus and position Ferghana to enter our next phase of growth. Their additions give us the ability to originate quality investment opportunities across the country at a much larger scale, in industries and regions that are often overlooked by other capital providers.”
Hadley Ma, Founder and Managing Partner of Ferghana Investment Partners
