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Investment Professionals
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Brent Knudsen is Managing Partner and founder of Partnership Capital Growth (PCG), the leading investment bank and financial advisory firm focused exclusively on the healthy, active and sustainable living marketplace. Through a reorganization effective January 2011, TBL Capital joined the PCG family and Brent oversees the TBL investment team.
Brent has a long history of founding, buying, building, advising and successfully selling companies. Prior to founding Partnership Capital Growth, Brent was an original partner at North Castle Partners, a leading private equity firm targeting investments in healthy living and aging. During Brent's tenure at North Castle, the firm invested over $600M. Prior to joining North Castle in 1997, Brent invested in and ran a number of growth companies including GolfWeb (sold to CBS), Full Force (sold to Specialized Bicycles) and Newport Surf Company (sold to Pacific Sunwear). From 1985 to 1994, Brent served as the original Vice President of Marketing & Business Development at Price Club and after helping engineer the $20B merger with Costco, held that same position in the merged company. During his tenure, the company grew from a retail startup to $20B in revenue. Brent serves on the board of his family's business, Knudsen Oil, whose major operations were successfully sold to Vangas in 1990. From 1983 to 1985, he was a management consultant with Bain & Company, where he focused primarily on health care strategy and mergers & acquisitions.
Brent received a B.A. magna cum laude from the University of Utah, a J.D. from Georgetown Law School, and was a Visiting Scholar at Harvard Law & Business Schools. He currently serves as a mentor and visiting lecturer at the Center for Entrepreneurial Studies at the Stanford Graduate School of Business.
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Susie Lee is a Principal at TBL Capital and brings over a decade of experience in venture capital and private equity investing as well as operational experience scaling up high growth businesses and social enterprises. Susie manages TBL's venture capital investments. She serves on the Board of Directors of Better Energy Systems (Solio), CleanFish, Laloo's Goat Milk Ice Cream and Mission Research (GiftWorks). She also actively supports management teams of Gaia Herbs and Numi Organic Tea specifically regarding financial performance management and social & environmental impact measurement.
Prior to TBL Capital, Susie served as Director of IGNIA, Latin America's first commercial venture capital fund focused on social impact. Based in Mexico, she was an integral part of the leadership team which raised a total over $100 Million USD from global investors including JP Morgan, Soros, and Omidyar as well as multilateral institutions including the IFC and the Inter-American Development Bank. Susie also led pipeline development, investment evaluation, and deal execution in sectors including education, healthcare, organic food, affordable housing and water. In the US, Susie served as an investment professional at TAG Venture Partners and Technology Development Fund, where she evaluated investments in sectors including technology, healthcare, education and consumer services. Her work resulted in the investment of over $20 Million in 10 new companies, and execution of nearly 30 rounds of follow-on funding. Susie has served as Board Observer for several software and technology companies through growth and exit. To integrate her investment experience with social outcomes, Susie worked as a summer associate at JP Morgan's Bay Area Equity Fund focused on delivering a double bottom line of positive social and financial returns.
Susie serves on the Board of Directors of New Sector Alliance, a nonprofit organization focused on leadership development and capacity building for high impact social enterprises. Susie attended the MBA Program at the Wharton School of Business for one year and she holds a BA in History from Columbia University.
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Joshua Makaron is an Associate at TBL Capital, having made the transition from the hedge fund industry to venture capital. In this role, Joshua supports all aspects of venture investing and portfolio management.
Prior to TBL, Joshua served in valuation and operational capacities at Tudor Investment Corporation, a leading macro hedge fund based in Greenwich, Connecticut. He brings impact investing experience from a summer fellowship with Acumen Fund in their India office, where he identified promising social entrepreneurs delivering critical goods and services to the base of the economic pyramid. Joshua also brings start-up operational experience from an internship with a for-profit social enterprise in New York City working to increase the transparency and accessibility of the regional food system.
Joshua holds an MBA in Social Entrepreneurship and Finance from The Fuqua School of Business at Duke University, where he was a Fuqua Scholar and co-directed the school's flagship conference on sustainable business and social impact. Joshua also holds a BA in Public Policy Studies from Duke University, where he served as a student manager for the men's basketball team. He still wonders when he will wake up and be able to dunk a basketball, and is eager to explore the hiking, running, and food scene in the Bay Area as a transplant from the east coast.
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Advisors
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Joe Glorfield is a Venture Partner at TBL Capital and brings 17 years of entrepreneurial experience leading and funding social enterprises.
Prior to joining TBL Capital, Joe served as Vice President of RSF Social Finance, a leading provider of unique debt products to non-profit and for-profit social enterprises. Prior to joining RSF, he led two year-round medical camps and family centers founded by actor Paul Newman through successful start-up phases. He helped raise $55 Million of philanthropic funds and secured $23M in bridge financing to build both state-of-the-art campuses, which serve thousands of families with children suffering from serious illness annually. Joe co-founded and led the nation's largest organic beer company, Wolaver's Organic Ales. Joe has built a considerable network in the social enterprise and social finance sectors and recently served as Board Chair of Social Venture Network, the nation's largest network of social entrepreneurs. He serves on the Boards of Numi Organic Tea, Gaia Herbs, and Earth Renewable Technologies. Joe earned a BS in Finance and an MBA from the University of Florida.
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Mark A. Finser is the Founder of TBL Capital and a pioneer in the field of social finance. He is now an Advisor to PCGA which manages TBL Capital LP. As a founder and the former CEO of RSF Social Finance, Mark led the organization from start-up to respected leader in the social finance sector. With assets of over $130 Million, RSF is well known as an innovator in employing debt and philanthropic resources to support social enterprises focused on sustainability. The organization has deployed over $200 Million of debt funding to mission-aligned for-profit and non-profit organizations. He now serves as RSF's Board Chair.
Mark has developed an expansive network within the field of social finance and serves on a number of Boards in the for profit and foundation world. Along with his Board Chair role at RSF Social Finance he is also a Founder and Board Chair of New Resource Bank, a green, community bank based in San Francisco.
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