Maximus is comprised of successful investors, seasoned entrepreneurs, executives and business school professors who share a passion for building successful companies. In addition to capital, this group will create a top-tier Board of Directors and leverage rich backgrounds and industry expertise as well as extensive networks to help fuel the company’s growth trajectory.
Founder & Managing Partner: Himmat Singh
Himmat Singh leads the fund’s operations, sourcing and acquisition activities. Passionate about operations, Himmat’s background is well suited for assuming management control of the acquired firm.
Through various functions in companies across the US and globally, Himmat has developed expertise in sales, business development, strategy and general management. Among the positions he held in both large and small companies in different industries, are COO of a Chemicals Company, CIO of an Integrated Glass Manufacturing Firm, Director Strategy & Business Development for a Software firm built through strategic acquisitions, and VP, Corporate Finance of a Real Estate Developer.
In a turnaround experience, Himmat grew an effectively bankrupt $3 million firm and almost doubled sales in less than a year by focusing on the basics and ensuring his employees and customers interests were aligned. His management skills have evolved from the variety of roles in his career and above all he believes motivated and satisfied stakeholders, particularly employees, customers and suppliers, help make good companies great.
Himmat received his BBA from The George Washington University in Finance and his MBA in Entrepreneurial Management from The Wharton School.
Limited Partner: R. Scott Asen
Scott Asen graduated from Harvard College in 1966. In 1966 and 1967 he co-authored a study of the put and call options markets, How to Make Money Selling Stock Options. Scott joined the brokerage firm of Mitchell, Hutchins & Co. in 1967 where he worked in the investment advisory department with responsibility for research on small technology stocks.
Between 1969 and 1974, Scott was a portfolio manager with Research and Science Investors, a New York based venture capital and money management firm. From 1974 until 1977, Scott was self-employed as a journalist specializing in reporting on municipal finance issues. In 1977, Scott became a general partner of Pioneer Ventures, a group of venture capital and special situations entities created by a wealthy New York investor.
Throughout the following two decades, Scott had primary responsibility for managing the various Pioneer Ventures entities, which were successfully liquidated over a number of years with final payments made in 2002. Scott is currently a private investor managing a portfolio of equity and real estate investments for his personal account. At present, Scott sits on the boards of three privately held companies. He is a Trustee of Groton School and The Paris Review and a board member of the Mt. Desert Land and Garden Preserve.
Limited Partner: Richard Augustyn
Limited Partner: Jon Altschuler
Jon Altschuler is a Partner at Altschuler and Company and founded the company in 2009. Previously, he was president of Stream Realty Partners where he grew its Class A agency-leasing portfolio five-fold and opened three offices around the country. Prior to that, Jon was a leasing agent with Trammell Crow Company.
Jon also coaches youth sports, serves on the finance committee of HPUMC, and moderates a YPO forum in the North Texas chapter. Jon was named to the Dallas Business Journal’s Thirty Under 30 list as well as its Forty Under 40 list. He is a graduate of Southern Methodist University where he was elected Phi Beta Kappa.
Limited Partner: Craig Burr
Limited Partner: Matthew Burr
Limited Partner: David Dodson
David Dodson has been active for over twenty years in the formation of new business through the search fund model. After graduating from Stanford University in 1983, and then the Graduate School of Business in 1987, David joined the faculty as a case writer where, under the direction of H. 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, David became an active investor in and board member of other search funds, investing in over thirty search funds.
David has been a director and investor in 21 middle market companies. Remaining active with the Stanford Graduate School of Business during this time, he has been a regular guest for the New Ventures and Managing Growing Enterprises courses, and is a past director of the Stanford Graduate School of Business Alumni Association, and currently on the faculty of the business school where, in addition to other courses, teaches the search fund model. He is on the board of: U.S. Fund for UNICEF (Regional), Project Healthy Children, Penn Warranty, Wind River Environmental, Eyewitness, Carillon Assisted Living, and Innflux. David divides his time between Stanford University and Project Healthy Children (a nonprofit enterprise with operations in Rwanda, Nepal, Liberia and Malawi) and is also completing his first novel.
Limited Partner: Bill Egan
Limited Partner: Mark Egan
Limited Partner: Peter Schober
Peter Schober has been in venture capital since the mid-1980s. He founded Milk Street Ventures, which specializes in secondary transactions involving the acquisition of stakes in venture-backed technology companies near liquidity events. Earlier in his career, Mr. Schober started and ran the international investment activity of M/C Partners with an office in London, during which time he helped develop the business plan and recruited senior management teams for several sizeable telecommunications start-ups with recurring revenue models. He also co-founded MVP Ventures, where he invested in a wide range of sectors, including information technology, communications, hospitality, and industrial.
Throughout his career, Peter Schober has enjoyed working closely with entrepreneurs as they grow their businesses, frequently serving on their board of directors. Backing highly talented and ambitious search fund entrepreneurs is a natural extension of his interests and an important component of his personal investment activity. Mr. Schober grew up in Europe and earned a bachelor’s degree in international economics from Georgetown University’s School of Foreign Service and an MBA from the Wharton School of Finance at University of Pennsylvania, where he also was a Fellow at the Joseph H. Lauder Institute.
Limited Partner: Kent Weaver
Kent Weaver is currently Chairman and CEO of Progressive Home Care, a Northern California-based health care company. Previously, Kent 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 University of California, Los Angeles and a BS in finance from the University of Southern California. He is currently a board member at VRI, Ascentia Home Care, Discovery Outsourcing, Data Fusion, Onesource Water, and Healthwyse.
Michael. O’Connell is the Senior Managing Director at M2O, Inc. He oversees the assessment of investment opportunities and reviews the ongoing performance of portfolio companies. For most of his career, Michael was President and Managing Director of Anhalt, O’Connell &Steffanci Inc., a Los Angeles-based investment management firm with almost $1 billion under management. In 1992, Michael purchased the National Lines Bureau, a ship mooring company operating at the Los Angeles and Long Beach harbors, the largest (combined) commercial port in America. This initial, successful investment prompted many more and Michael soon shifted his focus from investment management to venture capital. Today, he leads M2O with a portfolio of more than 40 companies. Michael also sits on the board of American Biosurgical Inc., Veri-Tax, and Yates & Associates Insurance. Michael holds a B.A., with high honors, from Harvard College and an MBA from Harvard Business School.
Mr. O’Connell joined M2O, Inc. as a Managing Director in 2009. He is responsible for sourcing and reviewing new investment opportunities as well as monitoring the performance of portfolio companies. Prior to joining M2O, M-K was a Manager with L.E.K. Consulting. During his tenure there, M-K led project teams across a diverse range of industries and business issues. His projects included the strategic due diligence of a $1 billion building materials company, the development of a customer contact and support strategy for a legacy airline, the strategic realignment and long-term plan for a major Los Angeles attraction, and the strategic due diligence of a leading equipment supplier to solar cell manufacturers. Before L.E.K., M-K worked in commercial real estate as the Director of Research for CB Richard Ellis in New England. M-K also sits on the board at Origo Commodities Management and is an advisor to Veri-Tax and Yates & Associates Insurance. M-K received his B.S, magna cum laude, from Boston College and his MBA from The Wharton School at the University of Pennsylvania where he was the recipient of the Thomas P. Gerrity Leadership Award for achieving “excellence in both academic and co-curricular pursuits.”
Stevenson Family Investments LP
The Stevenson Family Investment LP has been investing directly for over 20 years. Founded by Howard Stevenson it has grown to over 130 positions across a diverse portfolio of industries and geographies. Today the partnership is managed by Howard Stevenson, William Stevenson and Andrew Stevenson.
Howard has been on the faculty of Harvard Business School and held a variety of administrative positions within Harvard University including Vice Provost. Howard is currently the Senior Associate Dean, Director of Publication Activities and Sarofim-Rock Professor of Business Administration at Harvard Business School. Howard founded Baupost Group and continues to serve as Co-Chair of the Advisory Board. William and Andrew have been General Partners for 10 years and help manage the Portfolio. William worked in several start-up and technology companies before acquiring Lycott Environmental. Andrew worked in consulting before joining a public company to run forecasting and planning.
Anacapa Partners is a private equity firm focused on investing in lower middle market companies acquired through the search fund business model. Ancapa’s strategic focus is to invest in operating companies that have been identified by principals operating within the search fund business model. Anacapa takes a proactive role with search fund entrepreneurs in all phases of the investment process, including business screening, due diligence, negotiation of deal structure, operating oversight, and exploration of exit strategies.
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 and is a member of the Board of Directors of Advanced Network Solutions, Recruit Military, and Sage Data Security.
Mr. Shah co-founded and is a Managing Partner of Kinderhook Partners, an investment partnership focused on making long-term investments in public and private companies started in 2003. Prior to Kinderhook, Tushar was a Principal at Geocapital Partners, a venture capital firm, and prior to that, a strategy consultant with the Monitor Group. Tushar has been a director of a number of public and private companies. Tushar is a CFA charterholder and received a B.A. in Economics from Williams College.
Search Fund Partners
Search Fund Partners invests in small, profitable companies with $5 million to $30 million in revenue. The firm works primarily with Search Funds, partnering with entrepreneurs to find, acquire and build successful businesses. The firm’s team has over 40 years of management and investment experience in a wide spectrum of industries.
Jim Edmunds brings practical search fund and portfolio company management experience to Search Fund Partners. Jim’s search fund, Ephesus Capital, acquired Celebrity Kids Portrait Studios, a leading provider of upscale children’s photography in 2005. Jim served as President and CFO of the company. He is on the boards of Ascentia, Consumeraffairs.com and UCIT Online.
David Carver is a co-founder of Search Fund Partners. He spent thirty years as an executive in the high tech industry, and has extensive experience in all phases of business, including M&A, fund-raising, corporate strategy and operations. He was CEO of HiFive!, an application service provider; CEO of Hipbone Networks, an online collaboration company; EVP and GM at Network Associates; COO of Network General; EIR at Institutional Venture Partners; and an executive at Hewlett-Packard, including ten years in the professional service/software divisions of HP.
Rich Kelley is a co-founder of Search Fund Partners. He has been involved in numerous small businesses and start-up companies as an operator, owner, and investor. His varied experience includes: CFO of Score Learning Centers, CEO of San Jose Giants, General Partner of the Stanford Terrace Inn, developer of houses and subdivisions, owner of office buildings, investor in successful tech start-ups (Coinstar, PLX Technology, Corcept Therapeutics). He has also invested in many limited partnerships, including venture funds, and has been involved as a search fund investor since 1994.