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We continue to team up
with our 38
global financial services Limited Partners to share
observations, insights, investment ideas and technology and
service solutions.
2003 highlights
include:
Continued success at
connecting our Limited Partners with our portfolio companies
to solve specific operational and technology challenges, such
as National
City's 5-year contract with Mavent.
(see "News").
Shared insights with our
LPs through FTV Resources on sectors and specific companies
relevant to the current operational needs of our LPs. Sectors
analyzed included:
• Email security,
compliance, archiving and management
• Mortgage
compliance
• Operational and enterprise risk
management
• Asset and portfolio
management
• Check/deposit item
processing
Our LPs ongoing
contribution of invaluable perspective in our
investment decision-making processes.
An Annual Partner Conference in
Napa featuring industry panels on timely topics
important to our LPs including Linux, outsourcing, global
payments, and portfolio company CEOs from EXLService, Mavent,
IDS and KVS.
2003 was a year of
investing in our business for the long haul. We were delighted
to add key industry veterans to the FTVentures team.
Brad
Bernstein, formerly a Partner with
Oak Hill Capital Management, joined our firm in May as Partner
and head of the Business Services Investment Team. Brad brings
a proven private equity track record to FTVentures and extensive experience
with private companies in outsourcing, software and IT-enabled
services.
Kathryn Coffey became
Managing Director of Business Development for FTVentures in September, bringing a
wealth of private equity experience to the firm. She most
recently managed the Equity Private Placement Group for
Deutsche Bank in San
Francisco.
Boris Rapoport, Alex Scherbakovsky
and Christopher Tan also joined FTVentures as Associates. Boris and
Christopher are working on the Business Services Investment
Team, and Alex is part of the Software Investment
Team.
On September 1st, we
opened a New
York office to broaden our reach in
sourcing unique investment opportunities and to establish a
presence closer to many of our Limited Partners.
Brad Bernstein is
managing our new office.
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