FTV Capital, a growth equity firm focused on business services,
financial services, payments, and technology, today announced four
promotions, including a new partner.
Karen Derr Gilbert has been promoted to partner. Ms. Derr Gilbert joined
FTV Capital as a consultant in 1999, after nearly a decade at Wells
Fargo. She joined FTV full-time in 2005 and has managed various areas at
the firm including business development, marketing and investor
relations programs. Ms. Derr Gilbert helped develop FTV’s distinctive
“Global Partner Network”, a network of operating executives in FTV’s
focus sectors helpful to the firm with market intelligence, company
diligence and accelerating portfolio company commercial sales cycles.
She serves on the board of FTV portfolio company Rezolve Group. Prior to
Wells Fargo, Ms. Derr Gilbert worked in New York for Merrill Lynch and
Shearson Lehman Brothers in various sales and marketing roles. She
received an MBA from the Johnson Graduate School of Management at
Cornell University and a BA in economics from the University of
California, Los Angeles. As partner, Ms. Derr Gilbert will continue to
lead FTV’s efforts in business development, investor relations,
fundraising and marketing.
The three other promotions include:
Kyle Griswold has been promoted to principal. Mr. Griswold joined FTV in
2007 and was promoted to vice president in 2010. Mr. Griswold currently
has investment responsibilities in payments/transaction processing,
business services and financial services. He serves on the board of Apex
Fund Services and is a board observer at Index IQ and VelocityShares.
Prior to joining FTV Capital, Mr. Griswold was an investment banking
associate with Berkshire Capital Securities. He received a BA in
economics and mathematics from Trinity University and is a CFA
Aly Lovett has been promoted to vice president. Ms. Lovett joined FTV
last year as a senior associate from TA Associates, a Boston-based
private equity firm. She currently has investment responsibilities in
business services and technology. Ms. Lovett was an investment banking
analyst at Centerview Partners and began her career at UBS. Ms. Lovett
received a BA in economics from Yale University.
Juliana Ortiz has been promoted to vice president. Ms. Ortiz joined FTV
in 2003 and was promoted to business development associate in 2008.
Prior to joining FTV Capital, Ms. Ortiz worked in the equity private
placements group at Deutsche Bank Securities. She currently has
responsibilities in fundraising, business development, marketing and
investor relations. Ms. Ortiz has a BA in economics and a BA in
communications from St. Mary’s College of California.
“We are pleased to recognize the accomplishments of these individuals
and their many contributions to the success of FTV,” said Richard
Garman, FTV managing partner. “Karen’s leadership has been instrumental
to institutionalizing much of what makes FTV unique, especially in the
way we use our strategic Global Partner Network to enhance our
investment process. We congratulate Karen, Kyle, Aly and Juliana on
Ms. Derr Gilbert and Ms. Ortiz work in the firm’s San Francisco office;
Mr. Griswold and Ms. Lovett work in the New York office.
About FTV Capital
FTV Capital is a growth equity firm with over $1 billion under
management that invests in high-growth companies offering a range of
innovative solutions in four sectors: business services, financial
services, payments/transaction processing and technology. FTV’s
experienced team leverages its domain expertise and proven track record
in each of these sectors to help motivated management teams accelerate
growth. FTV also provides companies with access to its Global Partner
Network, a group of the world’s leading enterprises and executives who
have helped FTV portfolio companies for more than a decade. Many
successful companies have partnered with FTV including Castle Pines
Capital (acquired by Wells Fargo), Coremetrics (acquired by IBM),
ExlService (IPO), Financial Engines (IPO), Fleet One (acquired by Wright
Express), Mu Sigma (sold to General Atlantic and Sequoia), PowerShares
(acquired by Invesco), Presidio Reinsurance (acquired by PartnerRe),
Varicent (acquired by IBM) and Verus Financial Management (acquired by
The Sage Group). Founded in 1998, FTV Capital has invested in 79
portfolio companies and has offices in San Francisco and New York. For
more information, please visit www.ftvcapital.com.