NEW YORK & SAN FRANCISCO – February 14, 2023 – FTV Capital, a sector-focused growth equity investor in innovative enterprise technology and services, financial services, and payments and transaction processing companies, today announced the promotions of Allison Walker, Mike Vostrizansky and Andy Fleischman to partner. The news comes as FTV Capital celebrates 25 years of leadership in growth equity and marks a sustained period of growth and expansion, including generating over $3.6 billion in realizations and deploying $2.9 billion into new and follow-on investments over the last five years.
“We are thrilled to recognize three exceptional individuals as we elevate them to our partnership – they have each driven significant impact in their respective roles,“ said Brad Bernstein, managing partner at FTV Capital. “As our first chief talent officer, Ali has strengthened and expanded our own talent and recruiting efforts, while also supporting FTV portfolio companies with strategic talent initiatives that are vital to accelerating their growth. Mike has consistently proven his ability to identify innovative, high-growth companies and develop trusted relationships with management teams across the financial services landscape, while deepening FTV’s expertise and network specifically across the asset management, specialty finance and insurance sectors. And, Andy has played an integral role overseeing all of our legal and regulatory matters, serving as a strategic business advisor across the firm.”
As chief talent officer, Walker leads FTV’s recruitment and internal talent initiatives, in addition to establishing the talent center of excellence for portfolio companies through FTV Propel®. Since joining FTV in 2019, she has helped guide the firm’s growth of professionals by 60 percent and instituted programs and processes to foster FTV’s best-in-class employee experience and culture, including leading the firm’s approach to diversity, equity and inclusion. Previously, Walker was responsible for all human capital initiatives at TCV. She also held executive talent positions at several alternative investment firms and was a partner at Heidrick & Struggles and Korn/Ferry International.
Since joining FTV six years ago as an investor on the financial services and payments team, Vostrizansky has invested in payments, asset management, specialty finance and a range of insurance businesses, with notable investments and board seats including Embroker, ManyPets, Patra, Sunlight Financial and Tidal Financial Group. He is also a board observer at Tango Card. Prior to FTV, Vostrizansky was a principal at Flexpoint Ford and Pine Brook Road Partners, where he focused on sourcing, evaluating, executing and managing investments across the financial services industry.
As general counsel, Fleischman has worked on a wide variety of portfolio company transactions and expanded his scope with management company initiatives, including compliance and fundraising. Prior to joining FTV in 2021, Fleischman was a partner at Kirkland & Ellis, where he was lead attorney on a variety of domestic and international transactions, including numerous FTV deals as outside counsel.
FTV also promoted Max Penn to vice president on the enterprise technology and services team and Nia Hall to associate on the strategic business development team.
“As we commemorate our 25th anniversary this year, I couldn’t be prouder of the caliber of talent at FTV and our team’s relentless commitment to discipline and excellence,” said Bernstein. “Looking ahead to the next 25 years, we are more enthusiastic than ever to power growth together with our investors, portfolio company management teams, and valued ecosystem partners. We carry forward our time-tested strategy: to leverage our deep domain expertise, expansive Global Partner Network® and a customized approach to drive transformative growth for entrepreneurs and exceptional outcomes for all of our stakeholders.”
Demonstrating the firm’s strong momentum, in the last year FTV closed its seventh and largest fund, FTV VII, oversubscribed at its hard cap of $2.3 billion in limited partner commitments. Additionally, the firm made significant investments in FTV Propel, its robust value creation platform for portfolio companies, with key new hires including a chief financial advisor, strategic revenue operations advisor and two full-time executive recruiters. FTV deployed a record $970 million in 11 new investments across major themes such as digitization of financial services, embedded payments, next-gen technology services, tech-enabled procurement, and e-commerce/content discovery.
About FTV Capital
FTV Capital is a sector-focused growth equity investment firm that has raised $6.2 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology and services, financial services, and payments and 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 over 130 portfolio companies, including Agiloft, Docupace, EBANX, Lean Solutions Group, LoanPro, LogicSource, PlateIQ, True Potential and Vagaro, and successfully exited/partially exited companies including Enfusion (NYSE: ENFN), Globant (NYSE: GLOB), InvestCloud (recapitalized), MedSynergies (acquired by Optum), RapidRatings (recapitalized), Strata Fund Solutions (acquired by Alter Domus), VPay (acquired by Optum) and WorldFirst (acquired by Ant Financial). FTV has offices in San Francisco, New York and Connecticut. For more information, please visit www.ftvcapital.com and follow the firm on LinkedIn.
Disclosures
The portfolio companies identified and described herein do not represent all of the portfolio companies purchased, sold or recommended for funds advised by FTV Capital. The reader should not assume that an investment in the portfolio companies identified was or will be profitable. For a list of all of our portfolio companies, please visit our website. Past performance is not indicative of future results.This press release is not a solicitation of an offer to purchase securities and may not be relied upon in connection with the purchase or sale of any security. Interests in funds managed by FTV Capital, if offered, will only be made pursuant to a confidential offering memorandum and subscription documents.
Media Contact
Prosek Partners on behalf of FTV Capital
Alexa Ottenstein
646-818-9051