FTV Capital Announces Promotions; Names New Partner

FTV Capital Announces Promotions; Names New Partner

SAN FRANCISCO--(BUSINESS WIRE)-- 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 Charterholder.

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 their achievements."

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.

FTV Capital
Karen Derr Gilbert, 415-229-3044
Bonnie Kearns, 415-229-3046

KEYWORDS: United States North America California


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