Growth Equity: Filling the Liquidity Gap
Growth equity incorporates many of the best elements of private equity and venture capital. Low capital loss ratios and attractive returns have led to an increase in LP interest, as well as an increase in competition. As venture capital firms, traditional buyout funds, and other investor groups look to growth equity, the ability for established players to effectively source attractive investments and differentiate from new entrants will be paramount.
Partner, M2O Private Fund Advisors
Mark Hallock is a partner at M2O Private Fund Advisors. Prior to forming M2O, Mark Hallock was a Managing Director and ran the Fund Placement Group of Jefferies & Co, opened the New York office for Jefferies Helix, opened the London project management office for Donaldson, Lufkin & Jenrette’s Private Fund Group and established Salomon Brothers’ fund placement business. He has raised capital from investors in the Northeastern and Midwestern United States and Europe for private equity fund managers located in the US, Europe, Asia and Africa.
Mr. Hallock earned his BA in Mathematics from Cornell University and his MBA in Finance from Columbia University. He holds Series 7, 24 and 63 licenses with FINRA.
CIO, The Museum of Modern Art
Frank Ahimaz joined The Museum of Modern Art in mid 2008 as the Chief Investment Officer after spending more than 15 years on Wall Street. Prior to joining MoMA, Mr. Ahimaz was a director and worked at Citigroup covering the Retail and Consumer sectors. In his role there, Mr. Ahimaz executed numerous transactions for private equity and hedge fund clients. Prior to working at Citigroup, Mr. Ahimaz was one of three founding partners at Dover Management, an alternative investment fund. In his role at Dover Management, Mr. Ahimaz was responsible for research and investing of the fund’s portfolio companies. Mr. Ahimaz has also worked at Chemical Venture Partners, Merrill Lynch Global Private Equity, Goldman Sachs and Morgan Stanley in both private equity and investment banking. While on Wall Street, Frank executed numerous transactions including the sale of Pathmark to A&P, the sale of Wild Oats to Whole Foods, the purchase of Saks’ NDSG unit for Bon-Ton Stores and the purchase of Monet Jewelry with Richard Rainwater and Ray Chambers.
Frank graduated with an MBA in finance from the Wharton School at University of Pennsylvania and a B.S in aerospace engineering from the Massachusetts Institute of Technology. Frank is a member of the Board of Trustees for the Alvin Ailey Dance Foundation.
General Partner, TCV
John joined TCV in January of 2002. John has over 20 years of operational, financial and technical experience, including leadership positions at several global technology companies.
Managing Director, Summit Partners
Bruce R. Evans joined Summit Partners in 1986 and is based in Summit's Boston office. During his 28 years with Summit Partners, Bruce has served as a director of 30 companies including 12 public companies. He is currently a director of Casa Systems, FleetCor Technologies (NYSE: FLT) and Multifonds (IGEFI Group).
Bruce received a BE in mechanical engineering and economics, magna cum laude, from Vanderbilt University and an MBA from Harvard Business School.
Bruce is currently a director of the National Venture Capital Association and Chairman of the NVCA's Growth Equity Group. In addition, he is a member of the Vanderbilt University Board of Trust, the Chairman of Vanderbilt's Investment Committee, a member of the Harvard Business School Board of Dean's Advisors and a trustee of The Roxbury Latin School.
Managing Partner and Co-founder, Catalyst Investors