Arctaris
Andrew Clapp, Managing Partner


Founder and Managing Partner of Arctaris, Andy brings 30 years of experience within private equity. Andy previously co-founded Brook Venture Partners, which managed Brook Venture Fund I, Brook Venture Fund II (a $100 million SBIC Fund), and Brook Co-Investment, LP (collectively, the "Brook Funds"), where he was a partner for 13 years until January 2009 when he left to launch Arctaris.

He has been engaged in all facets of fund management and additionally was responsible for the administration and finance activities at the Brook Funds.

His prior experience includes his own entrepreneurial publishing venture which he managed for 11 years and sold to a division of Thompson Group; management consulting; corporate management with a Fortune 1000 company; and trans-Atlantic investment banking.
Andy is a graduate of Clarkson University (BS) and Amos Tuck School at Dartmouth College (MBA).

Jonathan Tower, General Partner


Founder and Partner of the Fund, Jonathan invests in growth-oriented businesses in the manufacturing, technology and services industries with heavy emphasis on underserved banking markets. Jonathan is also Managing General Partner of Arctaris Michigan Partners, LLC, and the Michigan Income & Principal-Protected Growth Fund, LP, which invests in businesses which are either located or expanding in Michigan. He brings over 15 years of relevant industry experience, investing in private equity, and also serving in CEO roles in private equity-backed companies.

Prior to Arctaris, Jonathan was a Managing Director, Operating Partner and member of the Investment Committee at Dutchess Capital, specializing in direct loans and private equity investments to lower-middle market companies. At Dutchess Capital, Jonathan held responsibilities both in deal execution and maximizing value in portfolio companies, working with management teams to develop growth or turnaround strategies. Jonathan also serves as a General Partner of a state-sponsored certified capital company (CAPCO) fund in Alabama which makes loans to technology companies and other
small businesses to promote economic development.

Jonathan was with Fidelity Ventures, where he invested in late-stage venture capital and private equity opportunities, including Xoom Corp. (NASD: XOOM) and Verid (acquired by EMC). At IBM, Jonathan worked in the Mergers & Acquisitions and Debt Capital Market groups, where he was involved with the issuance of more than $2 billion in term debt, managed $250 million of A/R factoring transactions, led investments in five early-stage technology businesses, and two sales that generated over $300 million in profit. He also co-founded Vodium, a multimedia software company, which was acquired by Vcall.com. Jonathan has also published articles on corporate finance, derivatives and risk management in Bloomberg News, Bloomberg Magazine, International Herald Tribune, and the New York Times. Jonathan holds an M.B.A. from Harvard Business School and a B.A. from Georgetown University. He is an active volunteer and fund raising chair both for Harvard and for his high school, Phillips Academy Andover.

He, his wife and two children live in Chestnut Hill, MA.

Richard Waldo, General Partner

Founder and Partner of Arctaris, Mr. Waldo brings over 10 years of experience as both a private equity investor and as a lawyer in the venture capital and private equity industry. Previously, Mr. Waldo was a Vice-President at Brook Venture Partners where he analyzed, structured, and negotiated various debt and equity financings for the firm, including three royalty based transactions. While at Brook, Mr. Waldo served as a Board Observer to five portfolio companies, as well as structured and negotiated follow-on financings for the firm.

Prior to Brook, Mr. Waldo was with the Venture Capital & Emerging Companies practice group at the law firm of Nixon Peabody LLP in Boston, where he advised venture-stage companies and private equity firms.Before that he was an Associate at Echelon Ventures, LLC, an early stage, high tech venture capital fund where he was responsible for analyzing, structuring and sourcing investment opportunities for the firm.

Prior to that he was an Associate in the Corporate & Securities Group at Mayer Brown Rowe & Maw LLP in New York City, where he represented private equity and growth stage company clients in a variety of mergers and acquisitions, leverage buyouts and other financing transactions.

Mr. Waldo received his A.B. from Cornell University and his JD/MBA from Case Western Reserve University.
Michael Walsh, Director of Business Development


Mr. Walsh brings 25 years of business development, marketing and capital raising expertise to Arctaris. Mike is also a Partner of the Arctaris Michigan Income & Principal-Protected Growth Fund, LP. Mike has successfully raised over $1 billion of capital for companies and funds in the automotive, airline, software, real estate, sports, entertainment and garment industries. He has also successfully produced and launched programs, businesses and marketing initiatives for Sony Corp. Little Caesars Pizza, ProAir Airlines, Olympia Entertainment, the Detroit Red Wings, Detroit Tigers, Detroit Lions and the National Hockey League.
Mike received his B.S. in Accounting from the University of Notre Dame and his M.B.A. from the Ross School of the University of Michigan.
Riley Rodgers, Analyst


Mr. Rodgers is an Analyst with the Fund responsible for researching industries, conducting due diligence, and modeling proposed royalty, subordinated debt and equity investments. He began working with Arctaris in 2013, fast becoming a skilled and invaluable team member.

Riley previously worked as a research analyst with the management consulting firm Egon Zehnder where he was responsible for supporting the firm's partners on executive and board search projects for Fortune 500 clients in the financial services, biotech, and consumer practice areas. Prior to his time at Egon Zehnder, he was a financial representative with Northwestern Mutual, assisting individuals with the development and implementation of their financial plans.

Throughout all of this, Riley founded and continues to refine the Crash Alert App, a mobile application that can detect car accidents and alert friends and family. He has also assisted various other startups, small businesses, and nonprofits through consulting / mentoring projects, and served as a mentor for Big Brothers Big Sisters for five years.

Riley received his B.S. in Economics from Bentley University with a concentration in entrepreneurship and a Liberal Studies Major in Global Perspectives. He lives in Boston, MA.
 
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