Alec Machiels Alec Machiels is a Partner at Pegasus. He has over 12 years of private equity investing and investment banking experience. Previously, Mr. Machiels was a Financial Analyst in the Financial Services Group at Goldman Sachs International in London and in the Private Equity Group at Goldman Sachs and Co. in New York. Investments in which he has been highly involved in include Molycorp Minerals, Traxys, Slipstream Communications, Coffeyville Resources and Merisant Company. Mr. Machiels currently serves on the boards of Molycorp Minerals, Traxys, Slipstream Communications, Policy Studies and Valogix. He is also a member of the Board of Trustees of the American Federation of Arts. Mr. Machiels is a graduate of Harvard Business School, KU Leuven Law School in Belgium and Konstanz University in Germany. He joined Pegasus in 2002.
Anthony J. Renzi Anthony J. Renzi Jr. concentrates on international and domestic transactions, including equity and high-yield debt financings, mergers and acquisitions, corporate restructurings and private equity investments.
Mr. Renzi has worked with a broad range of issuers, underwriters and investors, with a focus on European (particularly Scandinavian) issuers and investment banks developing strategies for raising capital, acquiring assets or merging with companies in the United States. He has also worked extensively with U.S. investors and asset managers investing abroad, particularly in emerging market countries.
In terms of industry experience, much of Mr. Renzi’s recent work has involved the energy/oil and gas sector. Mr. Renzi has recently advised—
-Domestic and foreign issuers in connection with equity and secured and unsecured high-yield debt financings and restructuring, including high-yield financing transactions for non-US issuers, which included SEC registered exchange offers
-Foreign issuers and underwriters in connection with cross-border transactions, including global securities offerings, rights offerings, mergers and acquisitions, spin-offs, and stock and asset purchases and sales
-Clients regarding all aspects of commercial contract negotiations and corporate structuring activities, including contracts related to purchase, sale, construction and employment of offshore drilling and production assets
-Domestic and foreign issuers in connection with IPOs and all types of corporate and securities law matters, including preparation and filing of periodic reports, including 10Ks and 20Fs with the SEC, preparation and filing of proxy materials responding to shareholder proposals, establishing and implementing board committees (including audit and executive compensation committees) conducting annual shareholder meetings, public disclosure obligations and internal investigations
-A major telecommunications company in the divestiture of its wireless telephone businesses in four major U.S. markets valued at over $2 billion.
Mr. Renzi is the author or co-author of articles addressing U.S. securities law issues. He received his B.S. cum laude in 1986 from SUNY Buffalo and his J.D. cum laude in 1989 from American University, where he was an editor of the American University Law Review. He is a member of the District of Columbia Bar.
Gregory A. White Gregory A. White, Managing Director at Thomas H. Lee Partners (“THL”), a Boston-based buyout firm which has raised over $20 billion of aggregate assets since inception. Mr. White is one of 19 Managing Directors responsible for managing the firm. He runs one of the four business units of the firm, the Investor Relations Group, and serves on the Valuation Committee and participates on the Investment Committee as a non-voting member. THL currently manages two funds (Equity Fund V and VI) which total $16 billion with approximately 400 investors, 60% in North America, 25% in Europe, 10% in the Middle East and 5% in Asia. THL has been investing for 35 years and is recognized as one of the best performing growth buyout firm in the world.
Mr. White also served as the Executive Director for the Massachusetts pension fund, the Pension Reserves Investment Management (“PRIM”) Board from 1994 to 1997. He directed all activities of the fund and was active in expanding the investments in private equity. During his tenure, the fund consistently performed among the top 25% of all public pension funds, he introduced the mutual fund offering (Segmentation) of PRIM's asset management services to other municipalities in Massachusetts. He was also instrumental in the merging of the two statewide pension funds, Massachusetts State Teachers and Employees Retirement (MASTERS) fund and the PRIM fund under PRIM. When he joined PRIM, it had assets of $4 billion; after investment performance, Segmentation assets and merger, the fund grew to $20 billion, just prior to his departure.
Mr. White holds a Bachelor of Nuclear Engineering degree, cum laude, from Georgia Institute of Technology and an M.B.A. from Harvard Graduate School of Business Administration. He is active with several civic and charitable organizations including Howard University Board of Trustees (Chairman of the Investment Committee) and the Dana Farber Cancer Institute.
Harry Weller Harry Weller joined NEA in 2002. He focuses on technology and renewable energy investments, as well as NEA's activities in China. Harry's past investments include Echo Global (NASDAQ: ECHO), Riverbed Technologies (acquired by Aether Systems), SourceFire (NASDAQ: FIRE), Vertica (acquired by Hewlett Packard), Vonage (NYSE: VG) and webMethods (NASDAQ: WEBM, acquired by Software AG).
Prior to joining NEA, Harry was a Partner at FBR Technology Venture Partners. Early in his career, Harry managed technology initiatives in the energy, financial and telecommunications industries with the Boston Consulting Group and Deloitte & Touche Systems Consulting. Prior to his business career, Harry served as an officer in the U.S. Navy. Harry received his MBA from Harvard Business School and his bachelor’s degree in Physics from Duke University.
Harry serves on the board of the Mid-Atlantic Venture Association (MAVA), is a past Chairman of MAVA Capital Connection, and co-founded the Young Mid-Atlantic Venture Association (YAVA). Network Magazine named Harry one of the "50 Most Powerful People in Networking", Washingtonian Magazine named him one of the region's "Titans of Technology”, and he has been honored numerous times in Forbes magazine’s “Midas List”.
General Partner
Beijing - (8610) 66575566 California - (650) 854-9499
Jack Biddle
Prior to co-founding NBVP in 1996, Jack was President and CEO of InterCAP, a venture-backed computer software company. InterCAP was number 18 on the "Fast 50" list of the mid-Atlantic's fastest growing companies and was acquired by Intergraph in 1995. From 1987 to 1990, Jack rose from Senior Associate to Partner at Vanguard Atlantic, Ltd., a merchant banking group focused on M&A advisory work and control investments in software companies. At VAL, he served as turnaround CEO of a system software company and then as COO of an application software company. Earlier in his career he was an IT Industry Generalist, focused on Telecommunications Technology, at the Gartner Group, where he was also Executive Assistant to the CEO, Gideon Gartner. He began his career in 1983 in Austin, Texas at Business Development Partners, an early stage venture capital partnership. Jack holds a BA in Economics from the University of Virginia.
Jack currently serves on the Boards of WealthEngine, Vision Chain (Chairman), CorasWorks (Chairman), Triumfant, eMinor, ObjectVideo, Starfish Retention Solutions and Appian Corporation. Past Board or Observer seats include SafeView, Inc. (acquired by L3 Communications), Matrics (acquired by Symbol Technologies), Giga Information Group (Nasdaq: GIGX) (Lead Director), acquired by Forrester), Telogy Networks, (acquired by Texas Instruments), Tantivy (acquired by Interdigital), AnswerLogic (acquired by Primus Knowledge Systems), and Blackboard, Inc. (Nasdaq: BBBB). He is a Director of the Computer & Communications Industry Association, a member of Business Executives for National Security (BENS), and advises the U.S. Department of Defense on technology and innovation.
He is on the Investment Committee of the University of Maryland's New Markets Growth Fund, an SBA leveraged fund targeting private equity investments in disadvantaged areas. He is a board member of TiE-DC. He is a frequent speaker on entrepreneurship for the U.S. Department of Commerce, and has made presentations for them in Russia, China and Japan. Jack is a Director and former Vice Chairman of the Board of the Baltimore Symphony Orchestra. He is a Trustee serving as Treasurer and Finance Committee Chair of the Sibley Memorial Hospital Foundation and also serves on the Hospital's Investment Committee.
John Backus John Backus is a seasoned technology investor and entrepreneur with 25+ years of experience investing in and managing rapidly growing, high-technology companies. Prior to founding New Atlantic Ventures in 1998, John was a founding investor and the President and Chief Executive Officer of InteliData Technologies, a Fast 50 growth company in both 1997 & 1998. John led InteliData’s predecessor, US Order, through a successful $65 million IPO in 1995. John currently manages a $225 million venture portfolio at New Atlantic Ventures. He currently serves on the board of directors of AppTap, fTrans, Invincea, Koofers, My Wines Direct, & Qliance. He is the past Chairman of the Wolf Trap Foundation Board of Directors, the past Chairman of the Northern Virginia Technology Council (NVTC) Board of Directors, the founding Chairman and current Board member of the NVTC TechPAC, and was appointed by former Virginia Governor Mark Warner to co-chair the Virginia Research and Technology Advisory Commission which he served on for 4 years. John began his career at Bain & Co. and Bain Capital, where he was the first Bain & Co. management consultant to take a full time operating role (as CFO) in a portfolio company.
Mr. Lawrence E. Penn III Mr. Lawrence E. Penn III is a Managing Director at The Camelot Group. Mr. Penn is a Venture Advisor at GSA Venture Partners. He is also currently employed at The Camelot Group, LLC , Investment Arm and Camelot Direct Secondaries fund. Mr. Penn is also a Venture Advisor at Silicon Alley Venture Partners. Mr. Penn was previously an Investment Banker at Lazard and a Portfolio Manager in the Private Equity Group of JP Morgan Investment Management (JPMIM) where he managed committed and invested capital and served on the Advisory Boards of several private equity groups. Prior to joining JPMIM, he worked in the Equities Division of JP Morgan Securities, Inc. He has also worked in the Alternative Asset Investment Division of the New York State Common Retirement Fund where he had responsibilities for analyzing and conducting due diligence on investments. Mr. Penn served as a Captain in the U.S. Army where he led logistics operations in Europe and managed one of the largest military communities in the United States Army European Command.
He was awarded the Army Achievement Medal, the Army Commendation Medal, the United States Army General Douglas MacArthur Leadership Award (USAREUR), and the United States Army V Corps Distinguished Leader Award. He earned a BS in Systems Engineering from the United States Military Academy at West Point, and M.A. in International Business and a MS in Management Information Systems from the University of Maryland European Division. Mr. Penn earned his M.B.A. from Columbia University Graduate School of Business. Presently, he serves as a Member and Sponsor for several organizations, charities and foundations to include The Council on Foreign Relations, Save the Children, the Morgan Library, and the Museum of Modern Art.
Prakash H Mehta
Prakash Mehta is the co-leader of the firm’s investment funds and private equity practices and a member of the firmwide management committee.
Mr. Mehta regularly represents a broad range of investment management clients and advises on complex corporate transactions. He represents private equity and hedge fund sponsors; investment banks; and institutional investors, including endowments, multilateral organizations and multinational groups.
Mr. Mehta regularly advises some of the more prominent private investment fund sponsors and investment banks on all aspects of their business, from capital raising and fund formation to implementation of their business models via complex transactions. Mr. Mehta also advises clients on manager-level transactions such as seed investments in fund managers, the creation of asset managers through joint ventures, and spin-outs of existing asset management teams (including proprietary trading desks). Mr. Mehta’s representation of a broad range of asset managers and institutional investors allows him to keep abreast of emerging trends in the private equity, hedge fund and real estate industries. This knowledge and experience is particularly valuable as convergence across asset classes continues to play out in the marketplace.
Mr. Mehta’s practice includes advising clients on investment and financing transactions, with particular emphasis on complex international transactions. Mr. Mehta evaluates, structures and negotiates private equity-style investments (minority and control), exit transactions (strategic sale, recapitalization, IPO) and other M&A transactions (joint ventures, stock and asset sales). He provides ongoing counseling on investor and portfolio company matters and serves as corporate counsel to public and private portfolio companies.
Mr. Mehta has been recognized for his accomplishments in the investment management industry. Mr. Mehta is listed in Chambers USA: America's Leading Lawyers for Business and is on the advisory board of the Emerging Markets Private Equity Association. He has also been ranked by The National Law Journal as one of the 50 Most Influential Minority Lawyers in America, as well as by Institutional Investor as one of 10 Rising Stars of Private Equity and M&A Law. In addition, he is a regular panelist at the Emerging Market Private Equity Forum and has participated as a speaker at the United Nations High-Level Dialogue on Financing for Development.
Mr. Mehta received his J.D. magna cum laude in 1994 from the Georgetown University Law Center, where he served as associate editor of The Georgetown Law Journal. He received his B.S.F.S. summa cum laude in 1991 from Georgetown University. Mr. Mehta also maintains an office in Washington D.C. He is a member of the New York State Bar.
Randy Mitchell International Trade Strategist for Private Equity Senior Adviser for Entrepreneurship Randy Mitchell joined the International Trade Administration of the United States Department of Commerce in June 2001, from the private sector where he had a history of entrepreneurial development in Russia, Japan, and the United States. From 1997-2001 he was founder of a start-up e-commerce company exporting U.S. consumer goods to the Japanese. In that position he built a management team that included former Fortune 500 executives including the former Chairman, CEO and President of Avon Japan. Along with his team he raised $3.5 million in venture capital financing and built strategic partnerships with some of the largest companies in Japan and the United States.
Mr. Mitchell resided in Russia from 1992 through 1996, where he built distribution networks in Moscow and St. Petersburg for U.S. and Scandinavian food and beverage brands such as Nestle, Sara Lee, Anheuser-Busch, Tyson, Subway, Campbell Soup, and others. This included working with Russian entrepreneurs in distribution, retail, and food service.
Mr. Mitchell is currently the U.S. government official responsible for private equity / venture capital and is the United States Representative to the OECD for Entrepreneurship where he actively works to export entrepreneurship. He is an alumnus of the 2005 Venture Capital Institute and currently represents the International Trade Administration on the Board of Advisors to the Latin American Venture Capital Association (LAVCA). Mr. Mitchell has also served as U.S. Secretary on bilateral venture capital working groups with the governments of Australia, Brazil, and the European Union. Mr. Mitchell, a speaker of Russian, has traveled to 38 countries.
Senior Trade Strategist for Private Equity and Venture Capital
Tony Florence Tony Florence joined NEA in June 2008. He is focused on a broad range of information technology investments and co-leads NEA's venture growth equity practice. Tony is a director of Care.com, Diapers.com and EverFi, and is involved in a number of NEA's venture growth equity portfolio companies. Prior to joining NEA, he was a Managing Director at Morgan Stanley and was Head of Technology Banking in New York, and was a member of the North American Management Committee for investment banking. While at Morgan Stanley, Tony worked with a number of NEA's companies, including the IPOs for Tele Atlas, InnerWorkings, Echo Global Logistics, Neutral Tandem and SourceFire. He joined Morgan Stanley in 1992 and subsequently rejoined the firm in 1997 from business school. Tony was focused on technology investment banking for over a decade at Morgan Stanley, where he was responsible for advisory and financing transactions for a broad range of public and private technology clients. During his 14 years at Morgan Stanley, Tony advised clients on over $50 billion of strategic transactions and helped raise over $100 billion in equity and debt capital for clients. Tony received an MBA and an A.B. in Economics from Dartmouth College.
Partner
Beijing - (8610) 66575566 California - (650) 854-9499
Alec Machiels
Anthony J. Renzi
Gregory A. White
Harry Weller
Jack Biddle
John Backus
Mr. Lawrence E. Penn III
Prakash H Mehta
Randy Mitchell
Tony Florence