Month: October 2019

Boston, MA and San Francisco, CA – October 17, 2019 – Sverica Capital Management, a leading growth-oriented private equity firm focused on the lower middle market, announced today the promotion of Ryan Harstad to Partner effective immediately.

David Finley, Managing Partner, noted, “This promotion reflects the many years of dedication and hard work that Ryan has contributed to our firm and portfolio companies.”

“We are excited to welcome Ryan into our partnership,” added Jordan Richards, Managing Partner. “His deep industry domain expertise resonates with entrepreneurs helping them execute on various growth strategies and drive value for our investors.”

Frank Young, Managing Partner, also commented, “We expect that Ryan will continue to help us find new attractive investment opportunities.  He will be an important part of our growth as we look to invest our latest fund.”

Ryan Harstad joined the Sverica San Francisco office in 2011 and has over eleven years of private equity experience.   He focuses on sourcing and evaluating new investments, transaction execution, and portfolio company operations for technology, technology services and software companies.  He graduated magna cum laude with a BS in Analytical Finance from Wake Forest University and earned an MBA with honors from the Wharton School at the University of Pennsylvania.  He currently serves as a Board Member at 7Summits, iWave Information Systems, Stream Companies and Synoptek.

Boston, MA and San Francisco, CA – October 8, 2019 – Sverica Capital Management (“Sverica”), a leading growth-oriented lower middle market private equity firm, announced today the first and final close of its fifth private equity fund, Sverica Capital Partners V (“Fund V”). After three months in the market, Fund V exceeded its target, was oversubscribed and closed at its hard cap of $450 million of total limited partner commitments. Sverica will use Fund V to continue its strategy of investing in companies that are, or have the potential to be, category leaders within their respective industries. Sverica will also remain focused on businesses within the technology, business services, healthcare and high-value industrial sectors.

Dave Finley, Managing Partner at Sverica, said, “We appreciate the strong interest that was shown by the LP community in our investment strategy, enabling us to close at the hard cap within a three-month effort. This is an important step forward for Sverica that will allow us to further invest in the firm’s capabilities in our pursuit of industry-leading results.”

Sverica invests in companies at the lower end of the middle market in its sectors of focus. Fund V will target businesses with enterprise values of up to $150 million with strong growth characteristics and differentiated solutions or products. Sverica looks for opportunities to partner with talented business leaders and assist them on their growth journeys, with the hope of achieving goals together that they would be challenged to meet without Sverica’s support. Sverica’s investment returns are driven by identifying areas to reinvest back into businesses, augmenting a company’s talent, and building systems, processes and infrastructure to scale an organization during its investment period.  Over many years, Sverica has built its own set of best practices and standard operating procedures to support a repeatable and consistent investment process that will endure over the long-term.

Jordan Richards, Managing Partner said, “We are extremely flattered by the strong support we received from our existing investors and the positive reception from new investors. We are excited about the opportunity to continue to partner with talented executives throughout Fund V as we endeavor to help them grow category leading companies and push to new pinnacles within their respective industries.”

Frank Young, Managing Partner commented, “The success of this fundraise is a testament to our outstanding team and the passionate, hard work of a long list of current and former Sverica employees, partners and advisors. We are fortunate to have developed relationships with so many talented, high character people over the years, and are forever grateful for their contributions to Sverica and our portfolio companies.”

Sverica has raised over $1.1 billion across five funds and invested in 34 portfolio companies since inception.