Bob Oster started his career as a professional economist and moved on to become CFO of several companies, taking two of them public, including Oracle (ORCL). Since 1987, he has been a private investor working with other private and institutional investors in all phases of the venture investing process from incubation and due diligence through building the management team and sale of the company or initial public offering. He was a first round investor and Director of LifeUSA Holding, Inc. a life and annuity company that went public and was later merged into Allianz Life of North America. He was a first round investor and special advisor to Informatica, Inc. (“INFA”), a provider of data integration software. Also, he was a founding investor and director of several search fund companies: Asurion, Inc., a specialty insurance company; Pacific Pulmonary Services, (now part of Teijin Holdings) an oxygen and medications company; Carillon Assisted Living, Raleigh, NC, a private assisted living company; and Wind River Environmental, Boston, MA, a private roll-up in the non-hazardous liquid waste industry. He is currently a founding investor and director of iNET Interactive, Dayton, OH, a private internet advertising company, Raptor Technology, Houston, TX, a private public school visitor management software company, and IWTS, Chicago, Il, a private industrial water treatment services company, SFL Data, San Francisco, CA, a private e-discovery legal company, a special limited partner for Spring Ridge Ventures, a venture capital partnership focusing on health care, and an investor in and advisor to several small private equity funds.
He received a BA in economics from Occidental College in 1963 and an MA and Ph.D. in economics from the University of California, Berkeley in 1965 and 1967, respectively. He is an Overseer and Vice-Chairman of The Hoover Institution at Stanford University and Chairman of Summit Public Schools, a charter public high school management organization in the Silicon Valley.
Peterson Partners is an investment firm that seeks to partner with outstanding entrepreneurs and founders of great companies. Since 1995, Peterson Partners has invested in more than 50 portfolio companies, providing strategic input, operational assistance, access to networks, and capital. The firm makes investments in growing companies that have attractive market positions and sustainable business models, targeting businesses with at least $10M in revenue and positive EBITDA. Peterson Partners has invested in some of the world’s leading companies, including Vivint, JetBlue, and Energy Solutions.
Anacapa Partners is a private equity firm focused on investing in lower middle market companies acquired through the search fund business model. Jeff Stevens is the Managing Partner of Anacapa Partners and has 20 years of experience structuring, operating and investing in search fund companies. Jeff has managed three funded searches during the period from 1990-2005, each one culminating in the acquisition of a lower middle market company. Jeff understands the elements of the search fund model that drive success. In addition, Jeff’s relationships with other experienced, successful search fund investors and current search fund principals allows Anacapa Partners access to invest in concert with a group that has been participating in this business model for over 20 years.
Prior to founding Anacapa Partners, Jeff was the CEO of three venture-backed buyouts – Balkin Cable Holdings (cable television system operator), Ancora Capital (mail presort), and Liberty Fitness (women’s fitness centers). Following these three buyouts, Jeff founded Deeelish! (manufacturer/retailer of ready-to-cook gourmet meals). In each of Jeff’s four ventures he has maintained responsibility for all aspects of sourcing acquisition/start-up opportunities, including identifying potential targets, industry analysis, company specific due diligence, and fundraising (debt and equity) to complete the transaction. Following the completion of each acquisition Jeff became the senior executive of the acquired company with direct reporting responsibility to a shareholder group and Board of Directors. Prior to beginning his entrepreneurial path Jeff was an Associate Consultant at Bain & Company. Jeff received his Bachelor of Arts and MBA from Stanford University, and remains actively involved in the Stanford community. He participates in classroom case discussion for entrepreneurship courses at the Graduate School of Business, serves as a mentor for students participating in a two-quarter business planning course, and volunteers in numerous capacities for the Center for Entrepreneurial Studies. Jeff is also a member of the Ford Committee at DAPER. Jeff is a member of the Board of Directors of Sage Data Holdings and Inman Square Capital/Advanced Network Solutions.
Mr. Augustyn is Founder and CEO of both NIP Group, a top 100 business insurance broker, and Extensis Group, a top 20 Professional Employer Organization (PEO). Mr. Augustyn has been a successful serial entrepreneur and accomplished investor for more than 20 years. His investments are focused upon the financial and business services and healthcare sectors. He currently serves on the board of several high-growth companies and chairs the Market Development Councils of two national insurance companies. His early business success landed him a spot among New Jersey’s Forty Under 40, a program that honors young men and women who have made outstanding contributions to their fields.
Bret serves as the Chairman of Asurion overseeing the growth and success of Asurion’s strategies and business operations. He brings more than thirty years of proven leadership, business management and consulting experience to Asurion’s executive team. Bret’s prior business experience includes CEO, COO and General Manager positions at companies such as Excite@Home, Kendara, Risk Management Solutions and the U.S. Army Corps of Engineers. He also worked at McKinsey & Company, consulting to Fortune 500 companies on strategic, operational and organizational issues. Bret graduated from the United States Military Academy at West Point with a Bachelor of Science in engineering and earned an MBA from the Graduate School of Business at Stanford University. He serves as an officer of the Board of Directors for CTIA – The Wireless Association. He sits on the Board of Directors of Stanford Hospital and Clinics, as well as serves on the Stanford Business School Management Board.
David Dodson is on the faculty of the Graduate School of Business at Stanford University teaching classes on entrepreneurship and managing growing enterprises. He also is the CEO of Project Healthy Children, a non-profit organization with five offices in Africa and Asia which focuses on micronutrient malnutrition. David Dodson has been active for fifteen years in the formation of new businesses through entrepreneurial acquisition. After graduating from the GSB, under the direction of Professor Irv Grousbeck, he wrote the original course material for search funds—then in its infancy. After one year as a case writer, David Dodson raised his own search fund, which led to the purchase of Smith Alarm Systems in 1989. He subsequently raised two more search funds to purchase an auto parts retailer and an environmental services firm. During this time, Mr. Dodson became an active investor in and board member of other search funds, investing in over thirty search funds. Mr. Dodson has been a director and investor in nineteen middle market companies. He is on the board of: U.S. Fund for UNICEF (Regional), Project Healthy Children, Penn Warranty, Wind River Environmental, Eyewitness Surveillance, Innflux LLC, and Carillon Assisted Living.
David Dodson currently divides his time between Stanford University and Project Healthy Children (a nonprofit enterprise with operations in Rwanda, Burundi, Nepal, Liberia and Malawi). He is also completing his first novel.
Mr. Cassutt has made investments in more than fifty private companies and is CFO of American Security Products, a leading manufacturer of high-security safes. From 1984 to 2011, Mr. Cassutt was Co-President of Nelson Nameplate Company, a manufacturer of membrane switches and product identification based in Los Angeles, California. Prior to joining Nelson, Mr. Cassutt was the Controller of Bristol Corporation, the parent company of ten manufacturing companies from 1978-1984. He currently sits on the board of American Security Products, Columbia Sanitary Products, Yates & Associates Insurance Services, and Positive Coaching Alliance. Mr. Cassutt received his Bachelors degree in Physics from the University of California, Irvine where he was a Phi Beta Kappa graduate. Mr. Cassutt received an MBA from Stanford University’s Graduate School of Business, where he was an Arjay Miller scholar and the recipient of the Alexander A. Robichek Award for the top student in finance.
Charles E. Haldeman, Jr currently serves as a Director of The McGraw-Hill Companies. Mr. Haldeman was Chief Executive Officer of Federal Home Loan Mortgage Corporation (“Freddie Mac”), the publicly traded mortgage company, from 2009 through 2012. Mr. Haldeman joined Freddie Mac in 2009, a year after it was placed in conservatorship, and is credited with stabilizing the company by building a new management team, reducing expenses and improving the quality of loans. Prior to that, he was Chairman of Putnam Investment Management, LLC in 2008 and 2009 and its President and Chief Executive Officer from 2003 through 2008. Before his tenure at Putnam, he was Chairman and Chief Executive Officer of Delaware Investments and earlier served as President and Chief Operating Officer of United Asset Management Corporation. He holds a Chartered Financial Analyst (CFA) designation. He was Chairman of the Board of Trustees of Dartmouth College from 2007 through 2010, and served as a Trustee from 2004 through 2012. He formerly served on the Board of Governors of the Investment Company Institute and the Investment Counsel Association of America. Mr. Haldeman earned an A.B. in Economics summa cum laude from Dartmouth College, an M.B.A. from Harvard Business School, where he was a Baker Scholar, and a J.D. cum laude from Harvard Law School.
Allen Hill is the retired President and CEO of DPL Inc (DPL), a $2 billion holding company with its principle subsidiary the Dayton Power and Light Co. During his 37 years, Mr. Hill served the company in various capacities including COO, Treasurer, CFO, and a number of engineering positions. He was a member of the company’s Board of Directors.
Mr. Hill received his bachelor’s degree in Electrical Engineering in 1967 and his Masters of Business Administration in 1972; both from the University of Dayton.
Mr. Hill is actively involved in business and community organizations. He serves on the boards of iNet Interactive Inc., Raptor Technologies LLC, United Layer LLC, chairman of the University of Dayton Board of Trustees, past Chairman of Premier Health Partners, past Board member of Fifth Third Bank and has served on a number of community Boards in the Southwest Ohio area.
Steve Kaufmann is a seasoned financial executive and angel investor with over 25 years of professional experience. In 1999, he co-founded Lattice Communications, a privately-held operator of wireless communications towers, and served as the company’s Chief Financial Officer. Formed with the financial support of an investment group which included Oak Hill Strategic Partners, L.P., a Robert M. Bass-affiliated exchange fund, Lattice grew to be one of the top 10 operators in the industry prior to the sale of the company’s towers in 2004 and 2005. Prior to co-founding Lattice, Steve was co-owner and Executive Vice President of The Crisler Company, a boutique investment banking firm, where he arranged debt and equity financings and provided merger and acquisition advisory services to clients in the media and communications industry.
Since 1994, Steve has been an investor in a wide variety of private ventures including Digex Inc., an internet service provider; Regent Communications, Inc., a radio broadcasting company; Bluegrass Cable Partners, an operator of cable television systems; USinternetworking, Inc., an application service provider; Blue Chip Broadcasting, a radio broadcasting company; ProfitLogic, Inc., a retail profit optimization software firm; Telephia, Inc., a provider of syndicated consumer research to the telecommunications and mobile media markets; and iNET Interactive, a web-centric media company operating online properties, events, and publications, where he serves on the board of directors. He is also an investor in Wolf Point Growth Partners, a Chicago-based search fund. Steve holds an MBA from the Stanford Graduate School of Business and a B.S. in Industrial and Systems Engineering from The Ohio State University.
From 1995 until 2010 Peter Kelly was Chief Executive Officer of Pacific Pulmonary Services (PPS), a home respiratory services provider that grew during that time from 12 to over 110 locations. He also previously served as Chief Financial Officer and Chief Operating Officer, and was co-founder of the search fund that acquired the predecessor to PPS. Mr. Kelly has prior experience investing at TA Associates, a private equity firm where he originated investments in software and telecommunication companies. He serves as a director of eCompliance Management Solutions, Inc. and ResponseLink, LLC (Chair). Mr. Kelly is a former director of PPS; Guardian Home Care Holdings, Inc.; the Council for Quality Respiratory Care (Chair); the American Association for Homecare; Medical Equipment Distributors, Inc.; and The Governance Institute, LLC.
Mr. Kelly received a Bachelor of Arts in Science, Technology and Social Theory, a Master of Science in Industrial Engineering, and a Master of Business Administration from Stanford University. He resides in Marin County, California with his wife and two children.
Mr. Lazier is an experienced search fund investor and also serves as President of American Security Products, a leading manufacturer of high-security safes. He has served as Controller, Vice President of Sales and Co-President of Nelson Nameplate Company, a manufacturer of durable graphics and membrane switches based in Los Angeles, California. Prior to joining Nelson, Mr. Lazier worked as an engineer with IBM Corporation from 1982 to 1984. He is currently on the board of Nelson-Miller, American Security Products, Columbia Sanitary Products, CALO and Gogotech. He has also served on the board of Glendale Memorial Hospital Foundation, the San Gabriel Valley Habitat for Humanity and St. Mark’s Episcopal Church. Mr. Lazier received his Bachelor’s Degree in Industrial Engineering from Northwestern University.
Andy Love is Founder and Managing Principal of VantageCap Partners, LLC, and Aspect Investors, LLC, both of which are private investment companies focused on the lower-middle market. He is also a Strategic Consultant to Behavioral Health Group (BHG). Most recently, Mr. Love served as Chief Executive Office & President of Behavioral Health Group, a substance abuse services company that he co-founded in 2006 through a private equity vehicle that he co-founded, VantageCap Partners. Under his leadership, BHG was a three-time winner of the Inc. 500|5000 award (2010, 2011, 2012), where the company was ranked the 18th fastest growing private healthcare company in the U.S. (2010), and the Dallas 100 (2009, 2010, 2011) award. The Frontenac Company acquired BHG through a majority sale in 2011.
Prior to founding BHG and its sponsor, VantageCap Partners, Mr. Love was a founding team member of Broadband Venture Partners (“BVP”), a Dallas-based growth equity firm focused on the telecommunications and enterprise software industries. At BVP, he worked extensively with Telecom Technologies Inc., acquired by Sonus Networks Inc. (SONS); VeriCenter, Inc., acquired by SunGard Data Systems Inc.; and other BVP portfolio companies. Mr. Love’s experience also includes working with top management of other entrepreneurial growth companies, including Informative, Inc., acquired by Satmetrix Systems Inc. Earlier in his career, Mr. Love was with Bain & Company, where he worked to solve complex strategic and operational issues for Fortune 1000 companies.
Mr. Love is Co-President of the Dallas Chapter of the Stanford GSB Alumni Association, is a Board Member of the University of Texas Silver Spurs Alumni Association, and is a member of Young Presidents’ Organization (YPO). He serves as an advisor to several non-profit organizations and private companies. Mr. Love is also a recipient of the Ernst & Young Entrepreneur Of The Year Award, Southwest Region (2011). Mr. Love holds a BA in Plan II Honors, magna cum laude, from The University of Texas at Austin, where he graduated with Phi Beta Kappa honors and departmental distinction. He also holds an MBA from the Stanford Graduate School of Business and an MA from the Stanford University Graduate School of Education.
Mr. Mina is a co-founder of Sverica International and is based in the Boston office. He currently serves on several portfolio company boards including Ackerman Security Systems, Center Rock Inc., Creative Catalog Concepts, iCoat Company, and Oasis. Mr. Mina also serves on the board of the Swedish School of Boston. He was previously President and CEO of Cameraworld.com, one of Sverica’s pre-fund portfolio companies.
In earlier careers, Mr. Mina worked in the public and private sectors in a number of industries, including technology (United Nations Computing Centre and Storage Technology), banking (Citibank, Goldman Sachs & Co. and VISA) and telecommunications (consultant for a large European company).
A native of Italy and Sweden, Mr. Mina earned his BSc degree in Computer Engineering from Imperial College at the University of London and his MBA degree at the Graduate School of Business at Stanford University. He lives in Boston with his wife and two children.
Search Fund Partners invests in small, profitable companies with $5 million to $30 million in revenue. They work primarily with Search Funds, partnering with entrepreneurs to find, acquire and build successful businesses. The Search Fund Partners team has over 40 years of management and investment experience in a wide spectrum of industries. They have experience in every phase of business, including start-up management and venture capital fund-raising, experience on both sides of corporate M&A, high level executive management, real estate syndication and small business management.
Mr. Weaver is currently Chairman and CEO of Progressive Home Care, a Northern California-based health care company. Previously, Mr. Weaver held executive positions in marketing and product management for a VC-backed marketing automation startup, as a regional CFO and business analyst in Pepsico’s Pizza Hut Division, and as a management consultant at Ernst & Young. He received his MBA from the Fully Employed Program at the University of California, Los Angeles and BS in finance from the University of Southern California. He is currently a board member at VRI, Discovery Outsourcing, Data Fusion Technologies, Onesource Water, Integra Partners and Healthwyse.