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The 2016 Fintech Finance 35: Richard Garman and Brad Bernstein
No. 7 FTV Capital



Garman &
Brad Bernstein
Founded in 1998, Financial Technology Ventures made its first investment the following year, in pioneering online investment adviser Financial Engines, which went public in 2010 and today has a market valuation of $1.7 billion. In June of this year, the San Francisco–based firm now known as FTV Capital invested in its 92nd portfolio company, leading a $30 million growth equity commitment for information-security services provider ReliaQuest. Up to that point FTV had raised a total of $1.8 billion in four funds, and on September 26 it announced the close of the oversubscribed, $850 million FTV V fund. All along the firm has followed “an institutionalized model that enables us to deliver consistent returns for our limited partners,” says managing partnerRichard Garman。它的寿命和使民trailbl一致性azer, not just as a financial-technology-specific investor, predating by a decade the boom now defined as fintech, but also as a connector of incumbent institutions with emerging technologies. Those connections are organized through FTV’s Global Partner Network, which includes its limited-partner roster of major banks, asset managers, and insurers, and has facilitated more than 400 contracts for portfolio companies. “We have always been advocates of evolution rather than revolution” and “enterprise-facing rather than consumer-facing” ideas, says Garman. The 59-year-old was CEO of three technology companies, including banking industry joint venture Electronic Payment Services, before joining FTV soon after its founding by James Hale and Robert Huret, who came out of Montgomery Securities. “Incremental improvement” is valued over fads and hype, Garman adds, and the entire strategy is predicated on “existing players applying these great new technologies in their footprint.” That’s not to say FTV isn’t up on the very latest. “We speak to 3,000 companies a year to find at least 100 to take a hard look at, and then we invest in four or five,” explainsBrad Bernstein49,自2003年以来曾在FTV的纽约办事处举行过纽约办事处,并于5月份晋升为管理伙伴。The firm’s deal-size range of $20 million to $85 million is geared toward companies with profitable business models producing $10 million to $100 million in revenue and growing at least 20 percent a year, but by casting a wide net, 32-person FTV keeps an eye on up-and-comers that may eventually benefit from its capital and collaboration. Also new to the portfolio this year: foreign exchange technology company Edgewater Markets and U.K. wealth management platform True Potential; Bernstein sits on both boards.
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2.Matthew Harris
Bain Capital Ventures
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3.Jane Gladstone
evercore合作伙伴
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4.James Robinson III & James
Robinson IV
RRE Ventures
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5.史蒂文麦克劳林
Financial Technology Partners
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6.Amy Nauiokas & Sean Park
Anthemis Group
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7.Richard Garman&
Brad Bernstein
FTV资本
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8.Gerard
von Dohlen
Broadhaven Capital Partners
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9.Darren Cohen
Goldman Sachs Group
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10。汉斯莫里斯
尼亚伙伴
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11.Meyer (Micky) Malka
Ribbit Capital
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12.Maria Gotsch
Partnership Fund for New York City
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13.巴里·锡伯特
Digital Currency Group
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14.Jay Reinemann
推动风险伙伴
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15.Mariano Belinky
Santander InnoVentures
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16.Justin Brownhill&Neil Desena
SenaHill Partners
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17.François Robinet
AXA Strategic Ventures
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18.Vanessa Colella
Citi Ventures
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19.Michael Schlein
Accion International
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20。Kenneth Marlin
Marlin & Associates
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21。Rumi Morales
CME Ventures
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22。Alastair(Alex)卢旺尔尔
Andreessen Horowitz
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23.Steve Gibson
Euclid Opportunities
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24.Fabian Vandenreydt
SWIFT
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25.Vladislav Solodkiy
Life.SREDA
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26.Gardiner Garrard III
TTV Capital
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27.Nektarios Liolios
Startupbootcamp Fintech
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28.Lawrence Wintermeyer
Innovate Finance
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29.Bina Kalola
美国银行Merrill Lynch
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30.Hyder Jaffrey
FINTECH创新
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31。Calvin Choi.
AMTD Group
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32。Janos Barberis
金融金
Hong Kong ![]()
33。Jalak Jobanputra
Future Perfect Ventures
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34。Sopnendu Mohanty
新加坡的金钱权威
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35.oskar mielczarek.
de la Miel
Rakuten
金融金Fund |