FTV Capital Announces Investment Team Promotions
Richard Liu named principal; Adam Hallquist and Tyler Krueger promoted to vice president
San Francisco, CA and New York, NY — FTV Capital, a sector-focused growth equity investment firm, today announced Richard Liu has been promoted to principal. The firm also announced the promotions of Adam Hallquist and Tyler Krueger to vice president.
Richard Liu joined FTV Capital (FTV) in 2014. Mr. Liu, based in FTV’s New York office, has been actively involved in FTV investments in enterprise technology and tech-enabled services sector. He is currently a board director at A-LIGN, a leading cybersecurity and compliance solutions firm, and involved in ID.me, a next-generation digital identity technology firm; ReliaQuest, a leading provider of security model management; and Sitehands, a rapidly growing technology marketplace for IT field services. Mr. Liu was also actively involved in FTV’s most recent investment in Egress, a leading provider of data security and compliance software. Before joining FTV, Mr. Liu was a senior associate at TCV. Prior to TCV, Mr. Liu was an investment banking analyst in the technology group at Stifel / Thomas Weisel Partners, and he began his career at CRT Capital. Mr. Liu received a BS in finance from Boston College.
“Richard has been a tremendous asset to FTV, demonstrating strong proprietary sourcing capabilities, sound investment judgment and skilled portfolio management,” said Brad Bernstein, FTV Capital managing partner. “His deep technical knowledge drives rigorous diligence and underwriting, and ingratiates him to management teams who rely on his thoughtful contributions.”
Adam Hallquist joined FTV in 2014. Based in the firm’s San Francisco office, Mr. Hallquist is focused on sourcing, executing and monitoring investments in financial services and payments and transaction processing. Mr. Hallquist is a board observer at Sunlight Financial, a technology-enabled point of sale financing solutions firm, and is involved in Clearent, a payment processing solutions company; Credorax, a cross-border payments processing firm; Riskalyze, a technology platform for financial advisors; True Potential, an integrated technology and wealth management platform for UK financial advisors and clients; and VPay, a B2B total payment solution provider. Prior to joining FTV, Mr. Hallquist was an investment banking analyst at Financial Technology Partners, where he focused on mergers and acquisitions in the payments, securities and software spaces. Mr. Hallquist began his career at Fortress Group, an investment bank focused on the private placement of private equity funds. Mr. Hallquist received a BBA with a concentration in finance and a second major in economics from Emory University.
Tyler Krueger joined FTV in 2014. Mr. Krueger is based in FTV’s San Francisco office, where he is focused on sourcing, executing and monitoring investments in enterprise technology and tech-enabled services. Mr. Krueger was also actively involved in FTV’s most recent investment, Egress. He is involved in the firm’s investments in A-LIGN, ID.me and InvestCloud, a leading provider of financial digital solutions. Prior to joining FTV, Mr. Krueger was an investment banking analyst at Financial Technology Partners, where he focused on mergers and acquisitions and capital raising transactions in enterprise software, payments, alternative lending and tech-enabled services. Mr. Krueger graduated magna cum laude from Brigham Young University, receiving his BS in business management with an emphasis in finance.
“Since they joined FTV, Adam and Tyler have consistently contributed to the firms’ success through high quality sourcing, strong diligence capabilities and valuable post-investment activities with the highest level of professional integrity and work ethic,” noted Bernstein. “We are delighted to recognize the accomplishments and contributions of Richard, Adam and Tyler.”
About FTV Capital
FTV Capital is a growth equity investment firm that has raised over $2.7 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology & services, financial services and payments & transaction processing. 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 two decades. Founded in 1998, FTV Capital has invested in 107 portfolio companies. Notable exits include: CardConnect (acquired by First Data in 2017), CashStar (acquired by Blackhawk Network in 2017), Financial Engines (IPO in 2010, acquired by Hellman & Friedman in 2018), Globant (IPO in 2014, NYSE: GLOB), MarketShare (acquired by Neustar in 2015), MedSynergies (acquired by Optum/UnitedHealthcare in 2014), Mu Sigma (sold to shareholders 2012), PowerShares (acquired by Invesco in 2006), Trustwave (acquired by Singapore Telecom in 2015) and WePay (acquired by JP Morgan Chase in 2017). FTV has offices in San Francisco and New York. For more information, visit ftvcapital.com.
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