Dave founded New State Capital Partners in 2013 after 18 years of private equity and investment banking experience. Dave has transaction and operating experience across a variety of industries, including industrials, business services, healthcare services and consumer retail. He has led investments in private and public companies, corporate carve-outs and complex restructurings.
Previously, Dave was Managing Director at H.I.G. Capital, based in New York, investing the firm’s LBO funds. Prior to H.I.G. Capital, Dave was Managing Director with Tower Three Partners, based in Greenwich, CT, and Principal at Sun Capital Partners, based in New York. Prior to Sun Capital, Dave spent five years with The Blackstone Group in their Restructuring and Reorganization practice. Dave began his career with Lehman Brothers investment banking, working in Chicago and London.
Dave received his undergraduate degree in economics from University of Chicago and earned his M.B.A. from Columbia Business School. Dave also previously served as Adjunct Professor of Finance at Columbia Business School.
John joined New State Capital Partners in 2013 following over 18 years of experience in investment banking, private equity, and operations. John has significant experience sourcing and executing transactions across a broad range of industries, including manufacturing, specialty vehicles, agriculture, packaging, and business services.
Previously, John was a Principal with Vector Capital, a 2.2B fund focused on the technology sector. Prior to Vector, John was with Gryphon Investors, where he oversaw the firm’s special situations and business development efforts. Prior to Gryphon, John worked at Sun Capital Partners, where he focused on distressed and value investment opportunities across a number of industries. Earlier in his career, John co-founded TransOcean Capital, Inc., a middle-market private equity firm which serves investors in the MENA region. His work at TransOcean involved highly complex capital structures designed for TransOcean’s off-shore investor base.
John received his M.B.A. with a major in Finance from The Wharton School and holds a B.A. in Political Science from the University of California at Berkeley.
Daniel joined New State Capital Partners in 2020 to lead Special Strategies. He brings 20 years of distressed credit, private equity and investment banking experience across a variety of industries, including industrials, metals, financials, infrastructure and consumer retail. Daniel has served on 10 corporate boards, including those of publicly-listed companies. In addition to traditional buyouts, Daniel has led numerous restructuring and distressed credit investments.
Previously, Mr. Han was the Co-Head of North American Investments at Strategic Value Partners, an $8B distressed credit investment manager based in Connecticut. Prior to Strategic Value Partners, Daniel served as a Principal at Wellspring Capital Management, a $3B middle-market buyout fund, where he sat on the investment committee and led transactions across the industrial and consumer sectors. He started his career in the M&A group of J.P. Morgan in New York.
Dan graduated from the University of Virginia with a Bachelor of Science degree in Commerce, with a concentration in Finance.
John joined New State Capital Partners in 2013. Prior to joining, John spent over 14 years in investment banking. Most recently, John was an Executive Director in the Financial Sponsors & Leveraged Finance Group at UBS Investment Bank, where he was responsible for originating and executing leveraged buyouts, recapitalizations and refinancings as well as co-covering middle market private equity firms. Prior to UBS, John was at Credit Suisse First Boston (previously Donaldson, Lufkin & Jenrette) in the Private Placements Group, where he helped raise over $2 billion for growth companies in a variety of industries. John began his career at Deutsche Bank in the Commercial Real Estate Finance Group.
John graduated from the University of Chicago with a Bachelor of Arts degree in Economics.
Kurt joined New State Capital Partners in 2018, bringing with him 17 years of experience in private equity, principal lending, and investment banking. Kurt has a comprehensive background of transaction experience across a broad range of industries and extensive experience working directly with management teams to drive performance improvement within portfolio companies.
Previously, Kurt was a Principal with Atlantic Street Capital Management, an operationally-oriented lower middle market private equity fund focused on investing in owner and entrepreneur-led businesses. Prior to Atlantic Street, he was a Principal at Sun Capital Partners, an operationally-focused middle market private equity firm that invests in companies that are operationally challenged, experiencing an industry or business transition, undergoing a corporate divestiture, or managing rapid growth. Prior to Sun Capital, Kurt was with American Capital Strategies, a publicly-traded private equity and debt fund. He began his career as a member of CIBC World Markets’ Los Angeles-based Corporate and Leveraged Finance Group, where he focused on financing and advisory assignments for financial sponsors, hotel operators, casino operators, and gaming equipment manufacturers.
Kurt received a Bachelor of Arts degree in Economics from Claremont McKenna College.
Parashar joined New State Capital Partners in 2020. During the past fifteen years, Parashar has invested in leveraged buyouts, founder/family recapitalizations and corporate carve-outs spanning across a wide range of industries including business services, technology, industrial, government services, consumer products and energy services. Over the course of his career in private equity, Parashar executed over 25 M&A and financing transactions, including platform investments, add-on acquisitions, portfolio company sales and portfolio company recapitalizations.
Prior to joining New State, Parashar was a Principal in the U.S. LBO Fund of H.I.G. Capital. During his ten years at H.I.G., Parashar was involved in all aspects of the investment process including sourcing, execution, structuring and financing. As a board member of his portfolio companies, he worked in partnership with management teams to drive key value creation initiatives. Before H.I.G. Capital, Parashar worked with Tower Three Partners, a middle-market private equity firm based out of Greenwich, CT. He started his career off in investment banking in the M&A group of JPMorgan.
Parashar attended Dartmouth College where he earned a Bachelor of Arts degree in Economics and later attended The Wharton School at the University of Pennsylvania for his M.B.A. .
Will joined New State Capital Partners in 2023, bringing with him 19 years of experience in private equity and investment banking. Will has a comprehensive background of transaction experience across a broad range of industries and investment strategies, with extensive experience working alongside founders, management teams, and boards to successfully scale middle market companies in B2B service industries.
Previously, Will was a Managing Director responsible for Professional Services investments at Partners Group, one of the world’s largest investment firms with over $140 billion in assets under management. Prior to Partners Group, Will was a Managing Director at CI Capital Partners, an operationally-focused private equity firm that specializes in investing in lower middle market companies with a transformational “buy and build” growth strategy. Earlier in his career, Will was a Senior Associate at Sun Capital Partners, an operationally-focused middle market private equity firm that invests in companies that are operationally challenged, experiencing an industry or business transition, undergoing a corporate divestiture, or managing rapid growth. Will began his career in the restructuring advisory practice at Lazard Freres, where he focused on financing and advisory assignments for companies experiencing operational and capital structure challenges.
Will received a Bachelor of Science in Business Administration with a Finance major from Georgetown University.
Geoff joined New State Capital Partners in 2022. Prior to joining, Geoff spent 26 years in commercial banking focused on senior debt solutions for a variety of industries, including manufacturing, distribution, business services and industrial services. He has personally originated, structured, closed, and managed financings for private and public companies primarily located in the Western United States.
Geoff held leadership positions most recently with Pacific Premier Bank, successor to Opus Bank, US Bank, Citibank, and Wachovia. He began his career in 1995 joining Wells Fargo’s Commercial Banking Group.
Geoff is a graduate of the University of South Carolina with a Bachelor of Science in Finance.
Shaun joined New State Capital Partners in 2018 with six years of M&A and corporate finance experience. Shaun has transaction and investment experience in a number of industries, including industrials, financial services, business services, and aerospace and defense.
Prior to joining New State, Shaun was on the Corporate Development team of Marsh & McLennan Agency, the middle-market subsidiary of Marsh, Inc., the world’s largest insurance broker. While at Marsh & McLennan Agency, Shaun led and executed acquisitions of middle-market insurance brokerages and employee benefits consulting firms.
Shaun was previously in the Transaction Advisory Services group at Duff & Phelps, providing financial due diligence and advisory services for buy-side and sell-side M&A transactions. Shaun began his career in the Corporate Finance division at Boeing.
Shaun received his undergraduate degree in economics from the University of Maryland.
Adam joined New State Capital Partners in 2019 with 4 years of M&A experience. Adam has transaction and investment experience across a broad range of industries, including industrials, business services, and packaging.
Prior to joining New State, Adam was with Speyside Equity, an operationally-focused, special situations middle-market private equity fund making control investments in underperforming manufacturing businesses.
Adam began his career as an investment banker with Deloitte Corporate Finance, where he focused on M&A across the industrials and packaging sectors.
Adam received his undergraduate degree in business from Kalamazoo College.
Victoria joined New State Capital Partners in 2020. Victoria has transaction and investment experience across a range of industries, including business and financial services, aviation, restaurants, and industrials.
Prior to joining New State, Victoria was an Investment Banking Analyst at Stephens Inc, a privately held, independent financial services firm headquartered in Little Rock, Arkansas. While at Stephens, Victoria worked on a variety of middle-market transactions and assisted in the evaluation of investments for Stephens Capital Partners.
Victoria received her undergraduate degree in Finance from Louisiana State University.
Alec joined New State Capital Partners in 2023. Alec has 4+ years of transaction advisory and investment experience across a range of industries, including industrials, food & beverage, logistics, and various business services subsectors.
Prior to joining New State, Alec worked as a Manager in KPMG’s Deal Advisory & Strategy group, where he focused on financial and business diligence for both buy-side and sell-side private equity transactions. Alec also worked as an Associate Intern at Sun Capital Partners, Knox Capital, and Rock Island Capital while pursuing his M.B.A. During this time, Alec assisted in various aspects of evaluating and closing transactions as well as portfolio company monitoring and support.
Alec received his undergraduate and graduate degrees in Accounting from Michigan State University and University of Michigan, respectively. Alec earned his M.B.A from the University of Chicago Booth School of Business.
Michael joined New State Capital Partners in 2022. Michael has transaction and investment experience across a range of industries, including industrials, construction, building products, packaging, aerospace and defense.
Prior to joining New State, Michael was an Associate at Stonebridge Partners, a manufacturing and distribution focused private equity firm. While at Stonebridge, Michael assisted in various aspects of evaluating and closing new transactions as well as monitoring and assisting Stonebridge’s current portfolio companies.
Michael received his undergraduate degree in Business Administration with a concentration in Finance from Boston University.
Alex joined New State Capital Partners in 2022. He has a range of transaction experience spanning a variety of industries, including commercial and industrial services, building products, distribution and other industrial-focused subsectors.
Prior to joining New State, Alex was an Investment Banking Associate at Raymond James, a middle-market investment bank headquartered in St. Petersburg, Florida. He began his career in Chicago working with the Debt Capital Markets group at Huntington Bank, based in Columbus, Ohio.
Alex received his undergraduate degree in Economics from the University of Chicago.
Margeaux joined New State Capital Partners in 2023, after working as a Summer Analyst with the firm. During that time, Margeaux gained transaction and investment experience across a range of industries.
Prior to joining New State, Margeaux interned at a range of investment firms and startups. Within these roles she gained experience in sourcing and evaluating investments, project management, and business strategy.
Margeaux received her undergraduate degree in Information Analysis and minors in Business and Entrepreneurship from the University of Michigan.
Elena joined New State Capital Partners in 2022 with 3+ years of management consulting and operations experience. She has served clients across industries, including chemicals, oil & gas, energy, and healthcare, with expertise in strategic operations, M&A integration and transformation, supply chain resiliency, procurement improvement, and culture and change management.
Prior to joining New State, Elena was an Associate with Kearney, a global management consulting firm, in their Energy & Process Industries practice.
Elena holds a B.A. and M.A. in Environmental Studies from the University of Pennsylvania
Steve joined New State Capital Partners in 2016 with more than 30 years of experience in executive management, strategy consulting and private equity operations. Steve has led operating teams, developed strategies and advised executives across a range of industries including tech services, healthcare, information/business services, manufacturing and distribution.
Prior to New State, Steve was a Sr. Operating Executive at Welsh, Carson, Anderson & Stowe responsible for working with portfolio company management to develop and implement growth and EBITDA enhancement plans in both healthcare and information/business services. At WCAS, Larned was also deployed in board roles and led a healthcare company as interim CEO.
Previously, Steve was a senior executive at Dell, Inc. where he led B2B teams to drive profitable growth in a range of VP/GM roles including leading the Americas Marketing organization, the Preferred Accounts Division and the Americas Server and Storage team.
Steve started his career at Bain & Company where he worked on commercial/ industrial and consumer product projects.
Steve earned his undergraduate degree in Economics from Duke University and has an M.B.A. from the Harvard Business School.
Josh joined New State Capital Partners in 2018, with more than 20 years of experience in executive management and investment banking. Josh has transactional and operational experience across a wide range of industries including construction, real estate, manufacturing, food products, retail sales, demolition and remediation, and more.
Prior to joining New State Josh was the CEO of a fledgling manufacturer and distributor of durable and consumable products. Before that Josh spent almost 13 years at Alvarez & Marsal acting as interim management leading corporate turnarounds and as an investment banker completing M&A, capital raises, and balance sheet restructurings. Josh began his career at Arthur Andersen in the Global Corporate Finance group.
Josh received his B.A. degree in Finance and Accounting from the University of Arizona. He is a licensed CPA and a CFA charter holder.
Kristin joined New State Capital Partners in 2019 as Senior Operating Partner, Human Capital with more than 25 years of hands-on growth strategy, executive search, talent acquisition and talent development experience.
The bulk of Kristin’s career has been focused on strategic talent acquisition for a wide range of industries including pharmaceutical, tech and consulting. Her engagements have included both short term consultants and full-time senior executives in organizations ranging from startups to Fortune 100 companies. Kristin specializes in helping companies grow quickly and build value. She has worked across a range of companies in roles including advisor, mentor, consultant and recruiter.
Prior to New State, Kristin served as Client Service Principal at Business Talent Group, a firm that specializes in on-demand strategy consultants, interim executives and subject matter experts. Before that, she founded and ran her own boutique executive search firm working with venture capital firms and their portfolio companies.
Early in her career she was involved with LC39 Ventures, an early stage venture capital firm, and CitySearch.com.
Kristin received her M.B.A. in Marketing from the Stern School of Business and holds her B.A. in Psychology from the University of Pennsylvania.
Megan joined New State in 2023 with 25 years of experience in marketing, sales, and executive leadership. Megan has strategic and operational experience in bringing new products, services, and commercial models to market, in segmentation and targeting, in positioning and messaging, and driving pipeline through omni-channel marketing campaigns and sales programs in B2B, B2C, and B2B2C revenue models.
Prior to joining New State, Megan was Senior Vice President of Marketing for Cengage Learning, where she was responsible for driving revenue through brand, demand gen, and sales enablement programs; creating, accelerating, and closing pipeline; and driving customer renewal, upsell, cross-sell and loyalty at scale. She built marketing, sales, and customer success capabilities and led digital business transformation from a go-to-market perspective.
Prior to Cengage Learning, Megan was VP Director of Marketing at Pearson, a global media company, after positions of successively growing revenue and market responsibility. She started her career as a sales representative for Addison Wesley Publishing.
Megan received her B.A. in English from Dartmouth College.
Marc Herdegen joined New State Capital Partners in 2018 with more than 20 years of experience in leadership and management, product development, investment, and strategy consulting. Marc has led global organizations, launched new products, developed growth strategies, and advised executives across a range of industries.
Prior to New State, Marc was a Senior Director at Honeywell International responsible for leading multiple product lines, with full P&L responsibility. As an enterprise General Manager, Marc had primary responsibility for developing and implementing strategies to drive revenue growth and operating income expansion for the flagship integrated avionics product lines in Honeywell’s Aerospace Strategic Business Group.
Previously, Marc was an executive at I-Group LLC, a private investment company where he sourced, screened, and managed investments in a variety of industries. Prior to this, Marc was a consultant at Bain & Company, where he worked on industrial, medical, retail, and financial services projects, primarily for private equity clients. Marc started his career as an aviation officer in the United States Army, where he was an AH-64D Longbow Apache attack helicopter pilot, and aviation maintenance and logistics expert. Marc was awarded the Bronze Star and two Air Medals during his service as a Company Commander in Iraq.
Marc received his undergraduate degree in Economics from the United States Military Academy at West Point and earned an M.B.A. from the Harvard Business School.
Steve Moore joined New State as Senior Operating Partner, Operations Excellence in October 2018. He primarily supports portfolio company value creation. Prior to joining New State, Steve spent 15 years with Next Level Partners, a Lean/Six Sigma consulting company, as a Practitioner in various market segments such as Healthcare, Manufacturing, Advertising, Technology, and Finance. He also held Executive roles at Next Level Partners including Vice President and Business Development Manager for the Finance and Technology market segments. Prior to Next Level Partners, Steve spent 3 years with The Danaher Corporation as a Director of Operations for the Retail Petroleum company, Gilbarco. Prior to Danaher, Steve spent 1 year as a Vice President Marketing/Operations for GE Capital Commercial Services, and prior to GE Capital, he spent 18 years with Coca Cola in various Executive positions. Steve earned both a Masters Degree in Business Administration from High Point University and a Bachelor of Science Degree in Business Administration from UNC-Greensboro. He earned his Black Belt in Six Sigma while with GE and his Lean Sensei designation while with Danaher.
William joined New State Capital Partners in 2020 with nine years of experience in CFO activities, investment banking, and family office investment. William has advised companies in a number of industries including industrials, manufacturing, business services, consumer, and healthcare.
Prior to joining New State, William was a director in the Office of the CFO Solutions at FTI Consulting, where he led and executed client engagements for sponsor owned companies. Previously, William was an investment banker at North Point Advisors, focused on sell-side advisory for consumer and restaurant companies. William began his career at the family office of a former Nasdaq listed CEO.
William received his MBA, Finance from Wichita State University and has a BS in Management from the University of Kansas.
Steve joined New State Capital Partners in 2022 with 15 years of experience in executive management and high-tech consulting. Steve has operational experience developing strategy and executing transformational solutions using modern technology across a range of industries including financial services, hospitality, healthcare, and real estate.
Prior to New State, Steve was the Chief Information Officer at PAYOMATIC responsible for developing and implementing innovative strategies to create value using technology and for leading the company’s digital transformation. Previously, Steve was with Modus Agency, a boutique consulting firm specializing in digital product development, where he led global teams to execute strategic initiatives for clients in a variety of industries.
Steve began his career at UBS Wealth Management in the information technology group where he worked on enterprise-wide software and infrastructure projects.
Steve received his undergraduate degree in Management Information Systems from Rensselaer Polytechnic Institute (RPI) and earned his M.B.A in Finance and Entrepreneurship from the Stern School of Business.
Andrea Cipriani joined New State Capital Partners in 2018 with more than 20 years of experience in the finance and administration of private equity funds. Andrea has extensive experience in the governance and management of private equity funds and their portfolio companies.
Prior to New State, Andrea spent 12 years as the CFO and CCO of Monomoy Capital Partners, a middle market private equity fund. At Monomoy, Andrea played a key role in the startup, growth and success of the organization. She oversaw the finance, administration, risk and compliance functions of the firm and participated in three successful fund raises. She served on several of the firm’s management committees, including the investment and valuation committees of the funds, and she supported the firm’s investment teams on a multitude of transactions.
Previously, Andrea was the CFO at KPS Capital from 2001 to 2004. Prior to that, Andrea held positions at CW Group, a life science venture capital fund; Morgan Stanley, in their commodity trading group; and Ernst & Young, where she spent seven years in the firm’s financial services group.
Andrea received a B.A. in Accounting and a B.A. in Economics from the City University of New York – Queens College. She became a Certified Public Accountant in 1989.
Miriam joined New State Capital Partners in 2021 to lead Investor Relations. She brings 15 years of private equity and investment banking experience across a variety of industries, both as a principal investor as well as in investor relations.
Previously, Miriam was a Director of Investor Relations at Levine Leichtman Capital Partners, a $9B middle-market private equity firm based in Los Angeles. While at Levine Leichtman, Miriam participated in four fund launches which collectively raised approximately $5B in capital. Prior, Miriam served as Vice President and Portfolio Manager with Amzak Capital, a Boca Raton-based family office, where she was responsible for the firm’s publicly-traded equity investments. Prior to that, Miriam was an Associate at Sun Capital Partners, a Boca Raton-based private equity firm, where she participated in the investment due diligence and management of distressed debt securities. She started her career in the Syndicated and Leveraged Finance group of J.P. Morgan in New York.
Miriam graduated from the University of Pennsylvania with a Bachelor of Science degree in Economics from the Wharton School and a Bachelor of Arts degree in Communication from the College of Arts and Sciences
Clare joined New State Capital Partners in 2016. Prior to joining, Clare served as a Roadshow Coordinator at JP Morgan Chase and ABN AMRO Securities where she was responsible for organizing and managing the logistics for international and domestic roadshows as well as planning corporate events. In addition, Clare was an Equity Administrator at Furman Selz and ING Baring supporting Institutional Domestic Equity Sales.
Clare started her career at Merrill Lynch &Co. where she worked in Private Client Operations.
Clare graduated from Fordham University with a Bachelor of Arts degree in History
Marina Suhanitski joined New State Capital Partners in 2023 with more than 15 years of private equity accounting experience.
Prior to New State, Marina spent more than 6 years as the VP of Finance at Blue Wolf Capital Partners, a middle market private equity fund manager. At Blue Wolf, Marina managed all aspects of financial accounting and reporting for the private equity funds and management company.
Prior to Blue Wolf, Marina was Controller at Quadrangle Group where she was responsible for the financial reporting and compliance for the funds and management company.
Marina began her career at Citi Private Equity Services where she worked on a diverse list of private equity funds.
Marina received a B.S. in Economics and Management from Belarusian Trade and Economics University and a M.S in Accounting from Pace University’s Lubin School of Business. She is a Certified Public Accountant.
*Certain Operations Team members provide and arrange services to New State portfolio companies for compensation separate from that earned by New State.*
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