Jeff Stevens, Managing Partner
Jeff Stevens 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 Advanced Network Solutions, Developerprogram.com, EZ Shipper Racks, KGHP, PEC Safety, Recruit Military, and Sage Data Security.
Ashley Giesler, Managing Director
Ashley has over 15 years of experience advising, operating and investing in high growth venture and private equity backed companies. Serving in corporate development, finance and legal roles Ashley has supported companies through periods of rapid growth by creating and executing business and capital strategies, negotiating complex transactions, building management teams, and managing transformational events in a company’s lifecycle. From 2002 to 2011, Ashley was a member of the senior team at Asurion Corporation, the most successful search fund operating company to date, as the Company’s first in-house counsel and later head of Corporate Development. During this time, she led the execution of multiple transformative acquisitions, an equity recapitalization of the company and multiple subsequent leveraged recapitalizations and advised on the Company’s international expansion in Asia, Europe and Latin America. More recently, Ashley was Vice President of Transactions and General Counsel at Sunrun, a residential solar company, where she led the project finance and legal teams through the raise of over $500 million in proceeds through equity, debt and project finance transactions and was instrumental in developing the strategy and establishing the infrastructure necessary to support the company’s rapid growth. Prior to her operational experience, Ashley was a corporate associate at Venture Law Group in Silicon Valley and Riordan & McKinzie in Los Angeles and served as a law clerk to the Honorable Emilio M. Garza on the Fifth Circuit Court of Appeals. Ashley graduated Phi Beta Kappa from UC, Santa Barbara and Order of the Coif from UCLA Law School.
Craig A.T. Jones
Craig Jones is a 30 year veteran of the venture capital and private equity industry and currently runs the private equity firm Ticonderoga Capital and its portfolio company, InnoCentive. He has invested extensively in healthcare and software businesses, leading investments in over 60 companies in healthcare IT, healthcare business services, healthcare services, SaaS, and internet-based companies.
Mr. Jones has invested widely in virtually all subsectors of healthcare and has specialized in the past 10 years in technology-enabled healthcare business services, including revenue cycle management, clinical research management, fraud and abuse detection, data management, and disease management. Ticonderoga Capital sold HealthDataInsights for $400 million providing the Ticonderoga funds a 13X return on Mr. Jones’ portfolio investment. Ticonderoga sold TC3 Health for another strong return on Mr. Jones’ healthcare investments.
He is Chairman of the Board of the healthcare companies eStudySite and National Research Institute and both Executive Chairman and President of the leading crowd source innovation company InnoCentive. He is also a member of Board of Directors of Construction Software Technology.
Mr. Jones’ extensive private equity career includes Managing Partner of Ticonderoga Capital since 1997 where he has overseen investments of over $300 million. He was Managing Director at Dillon, Read & Co and head of its venture capital partnerships, Vice President at Advent International, Associate at Centennial Ventures and a consultant with Bain & Co. He is a graduate Magna Cum Laude of Harvard Law School.
Mr. Jones has participated as a member of the Board of Directors of the National Venture Capital Association, has founded a charter elementary school. He lives in Boulder Colorado with his wife and kids.
ENDURANCE SEARCH PARTNERS
Richard Augustyn, Managing Partner
Rich is an entrepreneur in the truest sense – he sees opportunities, builds businesses that fill needs, and creates lasting growth. In 1987, he founded NIP Group, a national leader in insurance brokering and risk management. He quickly saw a need to improve the HR model for small businesses, and founded Extensis Group. Since being in business for two decades, Extensis Group has become a national leader in HR solutions for small and mid-sized businesses. He is CEO of both companies.
True to his life-long entrepreneurial spirit, he now enjoys partnering with and mentoring search fund entrepreneurs. As an active search fund investor, he works closely with searchers at every stage to find, buy and build successful companies. He is well known for his availability, engagement level and is sought after for his practical business advice.
Rich serves on the board of Housing Wire, KGHP, PEC Safety, Sage Data Security, Windley Ely and World Wide Security.
LAWRENCE J. DUNN III CPA, Partner
Larry is a talented business leader with over 25 years’ experience. He has generated substantial value in high growth environments by delivering solutions in a wide array of areas, including organizational strategy, corporate development, financial reporting, cost reduction, cash flow and working capital management, and process improvement. In addition to his role at Endurance he is the CFO of NIP Group. Prior to joining NIP Group, he was Managing Director at Ally Financial and a Director of M&A and divisional CFO at AIG Group. He began his career at KPMG. Larry graduated from Pace University with a BBA in Accounting with highest honors. Larry is also a Certified Public Accountant.
Larry, similar to Rich, enjoys working closely with searchers at every stage supporting their goals to build a great company while becoming a highly successful CEO. He is committed to lend his expertise to, and generously collaborates with, all members of the search fund community.
Larry serves on the board of Housing Wire and World Wide Security.