About
We provide capital and strategic partnership to values-driven, market-leading companies and funds with potential for outsized returns for all stakeholders.
We currently have three main practice areas. First, we invest directly in profitable, lower middle market companies with $10 million to $100 million in revenue, and $2.5 million to $10 million in owner’s earnings. Second, we invest directly in promising, early-stage technology companies across Seed and Series A stages. Finally, we use a fund of funds strategy to invest in values-driven venture and private equity fund managers through primaries, secondaries, co-investments, and GP stakes.
We are distinct in our capacity to match values-motivated entrepreneurs with aligned investors, our ability to hold investments long term, our willingness to customize solutions to owner needs, and the excellence with which we execute through disciplined strategic, operational, and financial partnership.
Markets
We invest in three market segments.
Lower Middle Market
Sovereign’s Capital provides a range of capital solutions to lower middle market companies with revenues between $10 million and $100 million, and owner earnings of $2.5 million to $10 million.
We make minority investments for growth, acquisitions, and partial shareholder liquidity. We also make majority investments for ownership transitions and leadership successions. Some of our industry interests include services (industrial, commercial, consumer), education (skilled trades, specialized training), healthcare (analytics, home care services), and software (specialty, B2B, mission critical).
Early Stage Venture
Sovereign’s Capital partners with growing venture stage companies operating in expanding markets in the U.S. and Southeast Asia.
We invest in early Seed stage companies with clear differentiators, to include data moats, complex or deep technologies, sticky customer relationships, or other sources of value. We also invest in late Seed and Series A companies with demonstrated traction and economic moats.
We have a broad range of industry expertise, with a bias for industries where our partners and advisors have relevant experience. These include B2B software, healthcare IT, B2C software, and tech-enabled goods and services. We typically deploy $250,000 to $1 million per investment, and we work closely with portfolio companies to provide targeted strategic and operational partnership.
Fund of Funds and Co-investing
Sovereign’s Capital Access Fund invests in private equity and venture funds, with a focus on funds managing $25 million to $500 million in assets.
We invest in primaries, secondaries, GP stakes, and direct deals across venture and private equity, both in the U.S. and abroad. We prioritize managers focused on strategies that promote human flourishing for customers and employees alike, with primary focus in healthcare, human performance (e.g. wearables), education, small business, and technology. Our commitment is to both market leading returns and strong values.
Criteria
We evaluate all investment opportunities with the following criteria in mind
Team First
We partner with people first. We work hard to understand the vision that each business leader has for creating extraordinary value for all stakeholders well into the future.
Defensible Advantages
We partner with companies that have economic moats. They have an edge based on operational excellence, technological barriers, long-term customer relationships, dominant market share, or other sustainable competitive advantages.
Growth Focus
We partner with leaders seeking expanded impact. We are growth-minded and invest in companies with highly scalable business models.
Thriving Culture
We partner with leaders who view culture as a competitive advantage. Our leaders take pride in and have evidence of cultures that delight all stakeholders – employees, families, customers, vendors, and others.
Proven Performance
We partner with businesses that have sustained results. These companies have proven track records of financial success, with the strategic and operational focus to maintain results for the long term.
portfolio companies
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CLOUDFACTORY
Visit SiteCloudFactory is a BpaaS (business process as a service) company with a revolutionary technology platform and distributed workforce that enables a more flexible, scalable and cost-effective alternative to traditional bpo.
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Charityvest
Visit SiteGive to any charity with your Charityvest Fund. It’s simple, secure, and free: 100% of your donation goes to the charities you care about. -
SOUTHEAST LINEMAN TRAINING CENTER
Visit SiteSTLC is the premier training school for apprentice lineworker training; consistently producing an elite group of highly trained and certified graduates.
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BANDWIDTH
Visit SiteBandwidth is a VOIP-as-a-service platform that hosts voice calls for many large tech companies. Bandwidth spun off Republic Wireless and underwent an IPO in November 2017.
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GRAB
Visit SiteGrab is the top ride-hailing app in SE Asia. The app connects taxis, independent drivers, motorcycles, and couriers with users across the region.
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BASESIX
Visit SiteBasesix is a technology integrator offering networking products to make buildings, campuses, and environments safer, smarter, and simpler.
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RESTOREPRO
Visit SiteRestorePro is a commercial and residential fire, water, and mold restoration services business operating primarily in the central and eastern regions of North Carolina.
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THRIVE FARMERS
Visit SiteThrive is a coffee distribution company that connects the farmer directly with the final consumer through a new model of supply chain management and customer engagement.
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ArenaCX
Visit SiteArenaCX is a performance management platform that uses AI and competitive dynamics to ensure your customers are getting the best customer service while saving you money.
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BRIDESTORY
Visit SiteBridestory is fast becoming the most trusted and inspiring online wedding vendor directory in SE Asia. Their marketplace helps users find, select and compare wedding vendors in their area.
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SPRINGBUK
Visit SiteSpringbuk is the leading employer-facing health analytics software that helps forecast cost and improve population health with confidence.
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LOKET
Visit SiteLoket is the leading event management, ticketing and data analytics company in Indonesia. In 2017, the company was acquired by GoJek.
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FIRST
Visit SiteFirst is a predictive intelligence engine for targeting movers 6-12 months before they list their home. Initially focused on real estate, First’s product empowers realtors to better understand and profitably grow their pipeline of listings.
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XENDIT
Visit SiteXendit is a payment platform that solves several key problems in Indonesian personal banking. Their platform has application in a peer-to-peer context, and as a backend for e-commerce businesses.
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FIVESTARS
Visit SiteFivestars is an online customer service loyalty network for small and medium businesses in north america. it integrates with merchant pos systems to enable customers to earn and spend points at local businesses.
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410 MEDICAL
Visit Site410 Medical developed a simple, intuitive solution that allows a single healthcare provider to rapidly deliver fluid to critically ill patients, improving care and saving lives.
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Alpha EMC
Visit SiteAlpha EMC provides Best Management Practice (“BMP”) field services, including installation of erosion control products, street sweeping, site maintenance, and other ancillary services.
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Ardius
Visit SiteEasily claim federal and state R&D tax credits supported by experienced CPAs to get your maximum tax credits guaranteed.
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Anutra Medical
Visit SiteAnutra Medical is a medical company focused on dentistry with a device enabling quicker onset of numbness and simplified use of pharmaceuticals.
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Brightlight
Visit SiteBrightlight is an impact investment management and advisory firm. We partner with investors and clients to design, build and manage impact investments.
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Camp Gladiator
Visit SiteCamp Gladiator is one of the fastest growing outdoor and virtual group fitness programs in the US, with programs across 14 regions in 300+ cities.
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CANOPY
Visit SiteCanopy is solving the problem of inefficient home services delivery and consumption. Combining a high-tech, centralized approach with old-fashioned service, Canopy is the easiest way to maintain your home.
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CLADWELL
Visit SiteCladwell enables users to create and maintain capsule wardrobes to reduce clutter and embody their personal style, helping them create and share outfits with ethically sourced, quality clothes.
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CONCERT GENETICS
Visit SiteConcert Genetics is a healthcare technology company dedicated to making genetic testing more transparent and efficient for stakeholders across the healthcare system.
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Cornerstone Support, Inc.
Visit SiteCornerstone Support manages the complexity of navigating, applying for, and monitoring various licenses for collections industry companies.
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EMPLOYUS
Visit SiteEmployUs is a crowdsourced employment referral platform in which users refer prime candidates for job postings around the country, and companies pay out fees for successful hires.
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FRINGE
Visit SiteThe world’s first platform for personalized Fringe benefits, saving companies time and money by providing 80+ life-impacting benefits without the hassle.
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GoCheck
Visit SiteGoCheck helps detect amblyopia risk factors in patients too young for a visual acuity test.
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goKampus
Visit SitegoKampus is an all-in-one app for university students’ campus needs from applications, scholarships, loans, and required campus materials. For universities and corporate partners, goKampus provides instant admission, marketing, tuition payments, and internship programs.
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HACKTIV8
Visit SiteHacktiv8 provides immersive, rapid education for developers with always updated curriculum to build skill in the latest software and professionalism for the technology industry.
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Hydrospec Inc.
Visit SiteHydroSpec provides BMP field services and erosion control for development sites and serves a larger number of commercial and government customers.
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Hypernet
Visit SiteHypernet is a protocol for high performance computing across a distributed network of devices.
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IFASHION
Visit SiteiFashion is an online fashion and lifestyle retailer company. The company offers a platform which helps online fashion retailers with various business and market knowledge services including marketing, logistics, warehousing, sales fulfillment and financial services.
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IMMERSED VR
Visit SiteImmersed VR connects distributed teams through a shared VR workplace and collaboration tools to maximize productivity. -
KAMMOCK
Visit SiteKammok is an innovative outdoor brand for the socially conscious adventurer. Their high-quality hammocks and other products are available in REI and on their website.
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Kno Global
Visit SiteKno Global’s vision is to humanise the supply chain, converting real-time transparent data from factory workers into actionable insights for factories and brands.
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LIQUIDIA TECHNOLOGIES
Visit SiteLiquidia is a biopharmaceutical company transforming the development of new therapies by precisely engineering drug particles.
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MAN CRATES
Visit SiteMan Crates is a gift company focused on gifts for men with inventive gifts for birthdays, first time dads, sports fans, grill masters, and more.
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MAXWELL
Visit SiteMaxwell enables real estate loan officers through a comprehensive tech platform that boosts productivity, and makes it much easier to close deals.
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Nimbly Technologies
Visit SiteNimbly is a mobile solution that transforms manual operational processes into real-time actionable information. By digitizing manual checklists and converting data into insights, Nimbly enables organizations to manage their operations anytime, anywhere.
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Path Light Pro
Visit SitePath Light Pro is an environmental services company offering stormwater inspection services, energy and quality assurance (“QA”) inspection and related services, compliance and SWPPP (Stormwater Pollution Prevention Plan) consulting, and safety audit work.
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PRINTEROUS
Visit SitePrinterous is an online platform producing the finest quality printed goods. They offer a suite of products for personal, business, and artistic printing needs.
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REBELWORKS
Visit SiteRebelworks is a software development lab that offers premium outsourced programming work for companies. As a major hub of technical talent in Jakarta, Rebelworks also incubates its own projects.
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RECORD CONNECT
Visit SiteRecord Connect efficiently delivers client records management services in an ever-changing healthcare environment.
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REVBOSS
Visit SiteRevBoss is a SaaS (software as a service) product that quickly identifies a large base of qualified sales leads, and helps companies manage relationships with these prospective customers.
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SHOTTRACKER
Visit SiteShotTracker aims to improve the performance of competitive basketball players of all ages through our individual and team products.
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SOAPBOX
Visit SiteSoapBox is a consumer products company that makes natural soaps and shampoos. For every product sold, a bar of soap or a month of clean water is given to a person in need.
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SUMMIT HEALTHCARE
Visit SiteSummit Healthcare is a training and simulation company focused on continuing medical education, life support simulation, and effective human resource consulting for healthcare professionals in SE Asia.
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TADA
Visit SiteTADA360 is a one-stop-shop for a practical, but impressive gifting experience. They are also focused on innovative fintech solutions.
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THREADLOOM
Visit SiteThreadloom makes it easy to search and index forums, and uses A.I. to automate expert newsletters for readers.
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Yummy Corp
Visit SiteYummy Corp provides delicious, fresh, and creative food solutions for everyday corporate and group needs. It gives a new spin on food facility management and our signature MICE catering, delivering you a noteworthy experience while helping corporates manage costs.
Team
Our investment team is made up of operators with industry and regional expertise.
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Luke Roush
Co-Founder and Managing Partner
Luke Roush
Co-Founder and Managing Partner
Luke Roush co-founded Sovereign’s Capital in 2012, and is a Managing Partner for the firm. While living in Kuala Lumpur and Jakarta from 2013-2016, he opened the fund’s operations in Asia. Prior to Sovereign’s Capital, Luke had twelve years of experience in global commercialization and business development at venture-backed and Fortune 500 companies. He was Vice President for Sales, Marketing, and Business Development at TransEnterix (NYSE:TRXC), a medical device company that developed and commercialized a minimally invasive surgical system in the US, Europe, and Asia. Previously, he served as Chief Operating Officer at Liquidia Technologies (NSDQ:LQDA), a nanotechnology company focused on biopharmaceutical applications. Earlier in his career, Luke held sales and marketing roles of increasing responsibility at Boston Scientific and Newell Brands. He also co-founded 410 Medical, a medical device company focused on pediatric emergency care. Luke currently serves on the board of directors for Bandwidth (NSDQ:BAND). He graduated summa cum laude from Duke University, and later earned his MBA from The Fuqua School of Business. Luke resides in Nashville, Tennessee with his wife, Brooke, and their three children.
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John Coleman
Managing Partner
John Coleman
Managing Partner
John Coleman is Managing Partner of Sovereign’s Capital.
Previously, John held a variety of leadership positions at Invesco, Ltd., including Head of Invesco Private Capital Partners, COO of Private Markets, CAO of Global Institutional Client, and global Head of Strategy and Business Planning.
Other past professional experience includes positions in energy arbitrage, consulting, asset management, and housing and community development with McKinsey & Company, Bridgewater Associates, and the Housing Partnership Network. He has a passion for education and has served on a number of boards related to both K-12 and higher education.
John is a frequent writer and public speaker, with a recurring series of articles at Forbes and HBR, and he has previously published two books. His third book, The HBR Guide to Crafting Your Purpose, will be published in January of 2022.
John is a summa cum laude graduate of Berry College, a graduate with High Distinction from the Harvard Business School where he was a Dean’s Award winner and Class Day Speaker, and a graduate of the Harvard Kennedy School where he was both a Zuckerman and a George Fellow. He lives in Atlanta with his wife, Jackie, and their four children.
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Henry Kaestner
Co-Founder and Partner
Henry Kaestner
Co-Founder and Partner
Henry Kaestner is a co-founder and partner of Sovereigns Capital, an investment fund that invests in the United States and Asia. Previously, Henry was the Co-Founder and previous CEO, and then Chairman of Bandwidth.com (NASDAQ:BAND), along with Republic Wireless he grew with his best friend and business partner, David Morken. The values of Bandwidth have always been: Faith, Family, Work and Fitness (in that order). Bandwidth was the 4th fastest growing privately held company in the country from 2003 through 2007, a position it achieved without acquisition or institutional funding. Prior to co-founding Bandwidth, Mr. Kaestner founded Chapel Hill Brokers (a predecessor to ICAP Energy), an institutional energy derivatives broker that became the top ranked electricity broker in the country. Mr. Kaestner has also been involved in a number of ministry and philanthropic activities. He co-founded Faith Driven Entrepreneur, Faith Driven Investor, and DurhamCares. Additionally, Henry serves as an elder in the Presbyterian Church of America, serves on various ministry and business boards along with the board of Valley Christian Schools in San Jose. Henry lives in Los Gatos, CA with his wife Kimberley and their three sons.
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Jake Thomsen
Managing Partner, Venture Capital
Jake Thomsen
Managing Partner, Venture Capital
Jake has 16 years of experience in operations and advisory roles spanning from start-ups to public companies. As AVP of Bank of Hawaii, Jake oversaw sales, operations, customer engagement, and marketing for a regional team, with a focus on providing advice and growth capital to local entrepreneurs. He spent four years as an independent consultant, delivering strategy and operations advisory services to start-ups and small companies in the U.S. and Africa. Clients included a distributed solar energy company in Tanzania, a technology commercialization firm in North Carolina, and an innovative credit union with offices across the U.S. As Lead Associate in the Strategic Innovation Group of consulting firm Booz Allen Hamilton, Jake launched and managed a SaaS cybersecurity risk product for large IT organizations, and led business development for energy offerings in Jakarta, Indonesia. He also helped to stand up the Internet of Things (IoT) division, which develops and delivers IoT products and services to Fortune 100 clients. Jake serves as a Partner at Sovereigns Capital. He lives in Durham, NC, with his wife Lauren and twin children Blaise and Vivian. He serves on the boards of Little Lights Urban Ministries and Trinity Fellows Academy. Jake graduated magna cum laude in Economics from Pomona College, and later earned an MBA from The Fuqua School of Business and an MPP in international development from the Sanford School of Public Policy.
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Michael Tremain
Managing Partner, Lower Middle Market
Michael Tremain
Managing Partner, Lower Middle Market
Michael Tremain is a Partner at Sovereign’s Capital where he concentrates on investment sourcing and portfolio management with a focus on lower middle market opportunities. His career includes stints with TrinRock Capital, Andersen Consulting, the Walt Disney Company, Hard Rock Cafe International and he has led a number of privately held companies in the technology, wholesale distribution, oil & gas, healthcare, residential construction and commercial services sectors.
Michael earned his BS in economics from the University of North Carolina at Chapel Hill and his MS in International Political Economy from the London School of Economics. He and his wife, Kristin, and four children live in Lookout Mountain, Georgia and attend Rock Creek Fellowship. Michael is a member of C-12 Group and the CEO Forum and also serves on the board of directors of the New Canaan Society.
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Kevin Sutantyo
Partner, Venture Capital Asia
Kevin Sutantyo
Partner, Venture Capital Asia
Mr. Sutantyo is a natural problem solver, well balanced in analytical skills as well as relationship and consensus building. Raised in Jakarta till his late teen years, he then lived in the US for 15 years, developing an understanding of life in both countries. Kevin received a Bachelors of Science in Mechanical Engineering from UC San Diego in 2002 and immediately worked in a related field with the Northrop Grumman Corporation. He then ran a small biotech manufacturing and distribution enterprise in Phoenix, AZ and Milwaukee, WI for 5 years till he returned to Indonesia in 2010. Kevin has been active in Angel investments in both Indonesia and Silicon Valley since 2009, giving him experience in early stage companies and the different nuances of investing in the different regions. He is engaged in multiple mentoring programs, school development projects and other non-profit related activities. Kevin is actively involved in various ministries in International English Service church in Jakarta, most recently finishing a term as a deacon. Kevin and his wife, Nathalia, live in Jakarta with their children, Caleb and Thalia.
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David Tjokrorahardjo
Partner
David Tjokrorahardjo
Partner
David Tjokrorahardjo is a business leadership coach, a communicator of ideas, a multi-national entrepreneur, and an investor. Born and raised in Medan, North Sumatra, David is the third child of Soetekdjo Tjokrorahardjo and Lanny Riady. At an early age, David established a few business operations. His early works included Bengkel Cakra and Global Mandarin Centerindo, which were sold in 2005. He then pursued his Bachelor degree at Stevens Institute of Technology in Hoboken, New Jersey majoring in Business & Technology. During that time, he met his wife, and together they started Heartbead New York, a fashion jewelry retailer. The business sold in 2007.
In addition to being a Partner at Sovereign’s, David is the Managing Partner of Sekata Indonesia Perkasa (SIP), a business leadership coaching company focusing on organizations that want to put focus on customer satisfaction, employees growth and scaleable & sustainable leadership. David has a vision of “Sekata Indonesia Perkasa”. He believes that to become a world-class leader, the leader must discover and develop its strengths to become excellent, live an integrated lifestyle and contribute wherever the leader lives.
David actively serves at Jakarta Praise Community Church as a leader and teacher. He has been happily married to his wife, Julia Tan, since 2000 and has been blessed with three children: Rachel, Daniel and Joseph.
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Matt Monson
Entrepreneur-in-Residence
Matt Monson
Entrepreneur-in-Residence
Matt Monson is an Entrepreneur-in-Residence at Sovereign’s Capital with 16 years of experience in investing and finance. Prior to joining Sovereign’s Capital, Matt was a concentrated public equity investor with a strong passion for investing at ArrowMark Partners, Deccan Value Investors, and Brave Warrior Advisors. Prior to concentrated public equity investing, Matt was a private equity investor at FTV Capital, and an investment banker at UBS Investment Bank. Matt earned a BSB in Finance and Marketing from the Carlson School of Management at the University of Minnesota and an MBA from the Kellogg School of Management at Northwestern University. Matt lives in Denver with his wife, Megan, and their three girls. He enjoys spending time outdoors with his family and playing an active role in their church community, The Pearl Church.
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Andrew Kean
Principal
Andrew Kean
Principal
Andrew Kean is a Principal at Sovereign’s Capital and concentrates on portfolio management and supporting investments in the lower middle market practice. Prior to joining Sovereign’s Capital, Andrew co-founded and managed a firm that invested private capital to help small businesses transition ownership, find new leadership, and continue to grow. Additionally, he held c-suite leadership roles in successful hospitality, consumer focused, and manufacturing companies.
Andrew is passionate about leadership development, portfolio company strategic planning, and board design and healthy governance. He earned his B.A. in Religious Studies from the University of Virginia and executive certifications in strategic planning (Center for Simplified Strategic Planning) and family business governance (Kellogg School of Management). Andrew was also selected for Harvard Business School’s inaugural Young American Leaders Program and is an alumnus of Leadership Tennessee.
Andrew lives in Chattanooga, TN with his wife Cindy and their three boys. He serves as an elder at New City Fellowship, and as a Board member for the Chattanooga Rotary Club and the River City Company.
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Kelly Winquist
Principal, Operations
Kelly Winquist
Principal, Operations
Kelly is a Principal at Sovereign’s Capital, focusing on internal operations. Prior to Sovereign’s, she led a broad range of business functions at Deere & Company, including analytics, technology, factory operations, research and development, sales and marketing, public affairs, and reorganizations. Before Deere, Kelly was in information technology strategy and analytics, consulting to Fortune 500 companies, applying data-driven research and technology ideas at the District Attorney’s office in Las Vegas, and even doing a short stint at a nonprofit in Amsterdam focusing on vulnerable children in Ethiopia.
Kelly is passionate about building up Christ followers and God’s kingdom in the business world. She also loves being a servant leader who empowers others to do great things, being intellectually curious, being a connector, and creating structure out of chaos.
Kelly graduated cum laude with a Bachelor of Science degree in Business and Computer Systems from the Milwaukee School of Engineering, an MBA from the Tuck School of Business at Dartmouth, and a Masters in Public Administration from the Harvard Kennedy School of Government. She enjoys spending time with her husband, Matt, and two daughters, Mia and Noelle.
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Adam Nichols
Principal
Adam Nichols
Principal
Adam Nichols is a Principal at Sovereign’s Capital and is focused on investments in the lower middle market. He is involved in all aspects of portfolio investment activity, with primary responsibilities for investment origination and transaction execution. Adam has over 16 years of experience in corporate finance and investment banking advisory. Before joining Sovereign’s, Adam worked in the investment banking division of SunTrust Robinson Humphrey. He was most recently in the Mergers & Acquisitions group where he focused exclusively on advisory, origination, and execution of M&A transactions for Commercial Banking and Private Wealth clients in the Southeast, with a focus on and passion for helping family-owned businesses. Prior to his M&A role, Adam spent several years in the Equity Capital Markets group, originating and executing IPOs, follow-ons, convertibles and private placements for private and public corporate clients.
Adam earned his BBA in Finance at the University of Georgia and his MBA at Emory’s Goizueta Business School. He lives in Atlanta, GA with his wife, Susan, and their three children. They are active members of Peachtree Presbyterian Church, where Adam has been involved for many years in the men’s ministry, Ironmen. In his free time, Adam is also an avid snow skier who enjoys the outdoors.
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Adora Lovestrand
Senior Associate
Adora Lovestrand
Senior Associate
Adora Elisapeta Lovestrand is currently a Senior Associate with the firm, supporting both Asia and US operations. She has worked in Indonesia for almost 10 years — as an operator and shareholder in an Indonesian business conglomerate in the aquaculture and hospitality sectors then as a lecturer and program manager of the Executive MBA at Binus University. In the US, she spent time as a Policy Aide for a senior Congressman in Washington DC and holds a Master degree from UCLA. Before joining Sovereign’s Capital, she worked in the UK as a Research Associate at the University of Oxford where she completed postgraduate studies. Adora is originally from Samoa and is now working remotely from Oxford, UK where she lives with her husband, Joseph.
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Hal Cooley
Senior Associate
Hal Cooley
Senior Associate
Hal is a Senior Associate at Sovereign’s Capital responsible for due diligence and portfolio management of U.S. companies. Prior to joining Sovereign’s Capital, he spent 4 years with SunTrust Bank in Atlanta, GA. Hal held various roles during his tenure at SunTrust including executing strategic Sales Enablement efforts, Commercial Banking Strategy, and most recently as a Sr. Analyst covering technology, healthcare, and business services companies in Georgia. In 2010, he co-founded an annual high school golf retreat sponsored by PGA professional Webb Simpson focused on sharing life values in a competitive forum.
Hal received his B.S. in Business Management with a concentration in Finance from North Carolina State University.
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Andrew Behrman
Associate
Andrew Behrman
Associate
Andrew is an Associate at Sovereign’s Capital responsible for sourcing, due diligence, and portfolio management of private fund investments and co-investments. Prior to joining Sovereign’s Capital, he spent two years with Invesco Ltd. as a Corporate Strategist, supporting the firm’s alternatives and institutional business units with fundraising, M&A, and product development efforts. Andrew began his career at SunTrust Robinson Humphrey as an Investment Banking Analyst on the leveraged finance underwriting team, working on several middle-market transactions across a range of industries including financial institutions, technology, business services, and energy.
Andrew received his B.S. in Business Administration with a concentration in Accounting from the Georgia Institute of Technology. He currently resides in Wilmore, Kentucky with his wife, Alyssa.
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Calvin Halim
Analyst
Calvin Halim
Analyst
Calvin is currently an Analyst at Sovereign’s Capital, supporting the team with market research, deal sourcing, and managing venture investments in both Asia and US. Prior to joining the firm, he has worked mostly in business development capacity for over 7 years in logistic, industrial lubricant, and technology in both Indonesia and Australia. He finished his Bachelor of Business (Accounting) from Monash University in Melbourne, Australia.
He is passionate about how technology can advance people’s lives for the better. Thus, he is also involved in development projects such as Changemaker.id (Accelerator and mentorship program to build transformative ventures, aiming to raise 1.000 Changemakers in Indonesia in the next 20 years).
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Elise Piehl
Junior Analyst
Elise Piehl
Junior Analyst
Elise serves as a Junior Analyst for Sovereign’s Capital. In 2021, she earned a BS in Psychology, while studying Entrepreneurship and Spanish at Belmont University in Nashville, TN. For years, she worked for Nashville Young Life Capernaum, a ministry for teenagers with disabilities, and founded a branch of Capernaum ministry at a local high school. Elise enjoys connecting with others and building diverse relationships.
Elise and her husband Charlie were married in May 2021 and live in Durham, NC.
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Paula LeMarr
Operations Analyst
Paula LeMarr
Operations Analyst
Paula LeMarr serves as the Operations Analysts. Paula has 6 years of Human Resources experience, specializing in organization culture and employee experience.
Paula holds a Bachelor’s degree in Management from Dallas Baptist University and is currently working towards her MBA. She lives in Texas with her husband David and 1 son.
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Jim Fogleman
Chief Financial Officer
Jim Fogleman
Chief Financial Officer
Jim Fogleman serves as the Chief Financial Officer of Sovereign’s Capital. He is also the CFO of West Street Investment Services. For both firms, he oversees investment-level financial reporting and assists with compliance matters on behalf of the private equity funds. Prior, he held CFO positions with privately held companies involved in start-ups, turnarounds, and real estate development. These companies included Blue Rhino Corporation, a propane cylinder exchange marketer/distributor; Platinum Service Corp., a developer of Boston Market restaurant properties located primarily in the Carolinas and Georgia; and National Packaging Solutions Group, a southeastern US manufacturer and distributor of industrial packaging. Mr. Fogleman began his career in public accounting with Price Waterhouse and later with Pryor, Sills and Fogleman and the Daniel Professional Group. He earned a BS from the University of North Carolina at Chapel Hill and is a licensed CPA in North Carolina. Mr. Fogleman and his wife Mary Edna have three sons.
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William Norvell
Venture Partner
William Norvell
Venture Partner
Throughout the course of his career, William has spent ten years in Private Equity and Investment Banking, along with five years pursuing entrepreneurial endeavors. He has investment experience in services businesses, education, technology, real estate, power, sports and healthcare. He co-founded an adventure race company and two technology companies. He loves finding unique investment opportunities, working with people and helping them become the best version of themselves. For Sovereign’s Capital, William oversees the search fund portfolio and assists with lower middle market transactions. He is also the co-founder of Faith Driven Entrepreneur and serves as a podcast host alongside Henry and Rusty. He received an MBA from the Stanford Graduate School of Business and a BS in Finance, Summa Cum Laude, from the University of Alabama, where he was named a USA Today Academic All-American. William is married to a wonderful woman named Deb that continually challenges and refines him. They welcomed their son Liam in 2018 and their daughter Eloise in 2020.
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Toby Kurth
Chaplain
Toby Kurth
Chaplain
Toby serves as Sovereign’s Capital’s chaplain. He is also the Lead Pastor at Christ Church in San Francisco.
Toby’s family has been in California for four generations and he was raised mostly in San Diego and Monterey. He and his wife Rebekah were married in San Diego in 1999 and have three active and fun boys aged 15, 10, and 7. Toby earned his BS from UC Davis and after spending a number of years in the marketplace, he went back to school to pursue a masters at Westminster Seminary in California and a PhD at Stony Brook University in New York. While living in Brooklyn, God redirected Toby and Rebekah towards full-time ministry, and they came home to California in 2009 to plant a church in San Francisco.
As Lead Pastor at Christ Church, his primary responsibilities include preaching, counseling, leadership development, and providing directional leadership for the church.
Advisors
Our advisors contribute their functional, industry, and regional expertise in the discovery, diligence, and ongoing management of portfolio companies.
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SUPARNO ADIJANTO Chairman, CEO at Global Palm Resources Holdings Limited
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MIKE ASEM PARTNER, M25
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TEDDY BATANGHARI CEO, Rajawali Corporation
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Russell Bjorkman Founding Principal, Lighthouse
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DAVE BLANCHARD President, Praxis Labs
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BRENT BURGESS Managing Partner at Concentric
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TOM DARDEN CEO, Cherokee Investment Partners
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BOB DOLL Chief Equity Strategist, Senior Portfolio Manager, Nuveen Asset Management
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APRIL CHAPMAN BOD Solomons Fund, Praxis Labs, NCF, Impact Foundation, and Generous Giving
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JD GREEAR Lead Pastor, Summit Church
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STEVE HASE Greater Charlotte Area Chair, The C12 Group
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DARYL HEALD Founder at Generosity Path
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RONALD ISHAK CEO, Hacktiv8
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GRANT JACKSON General Partner, Council Capital Management
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ELIZABETH JORDAN CEO & Board Practice at True Search
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GARHENG KONG Managing Partner, Healthquest Capital
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JOSH KWAN Co-Founder Praxis Labs, President at The Gathering
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JEFF LABARGE PM Treasury at Stripe
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JON LIAO COO at CrowdSmart.io
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ANDRE MANN Partner-Melior Capital
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JEFF MCCALL CEO, CHICAGOLAND SMILE GROUP
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TIM OAKLEY CFO at Prudent Growth Partners & Principal-Thrivers Integrative Mentoring
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SCOTT BARSTOW Partner at Spellbound Partners
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ZACK MANSFIELD Managing Director, Signature Bank
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MARISSA MAREN President, Busana Apparel Group
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JEREMY MARIO Principal Of Private Equity Investments, Mario Family Partners
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CRAIG MERRIGAN CEO, Spotlight Solar
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DAVID MORKEN Co-founder & CEO, Bandwidth.com
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JOEL MOXLEY Founder, Moxley Holdings and Rho.ai
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HALEY ROBISON DAKE Venture Partner at Praxis Labs
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CHRIS RUDOLPH Senior Director, Investments at UNC Management Company
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RUSTY RUEFF
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TOMMY TJIPTADJAJA Co-Founder and CEO, Greenhope.co
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JT VAUGHN COO, IH
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MARK WESSON CEO of BMSS Wesson Wealth Solutions
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DAVE WILLS President Emeritus, National Christian Foundation
Careers
Are you or someone you know a perfect fit for an open position at Sovereign’s Capital? Feel free to explore the links below for positions we are seeking to fill. Please reach out to careers@sovereignscapital.com for more information.
Contact
North American Offices:
Silicon Valley, CA
Raleigh, NC
Chattanooga, TN
Atlanta, GA
Administrative Office:
Attn: Jim Fogleman
310 S. West Street, Suite 100
Raleigh, NC 27603
Asia Office:
Level 11, One Pacific Place SCBD Area
Jalan Jend. Sudirman kav. 52-53
Jakarta 12190