Vector Capital has added Andrew Jacobson to its investment team as a new Managing Director. Mr. Jacobson will be responsible for developing direct lending opportunities for Vector.
“We are delighted to welcome Andy to Vector,” said Alex Slusky, Vector’s Chief Investment Officer. “He has an extensive background in middle market lending and fund formation and we are eager to have him focus his knowledge and energy on Vector’s direct lending credit efforts.”
Mr. Jacobson joins Vector having spent 13 years in specialty finance and 18 years as an operating executive in the publishing and information industries. He was most recently a Managing Director at MCG Capital Corporation, a publicly traded business development company. At MCG Capital, he ran debt and equity transactions in media, technology and other industries, originating direct investments, overseeing portfolio companies and managing exits. He also oversaw the formation and running of MCG’s subsidiary SBIC fund (Solutions Capital I, LP). While at MCG and Solutions Capital, he worked with over 45 lower middle market portfolio companies. Prior to MCG, Mr. Jacobson was an executive in the publishing/information industry, serving as President of Post Newsweek TechMedia Group (a business/technology publishing unit of The Washington Post Company) and as a senior executive in several other firms. He received a BA in Public Policy Studies from Duke University.
“Vector Capital provides a great platform for direct lending to small and mid-sized technology companies,” said Mr. Jacobson. “The firm has tremendous contacts and resources in the technology industry and has a strong commitment to expanding beyond its existing private equity and debt funds. I look forward to helping Vector in that effort.”
Vector Capital invests in spinouts, buyouts and recapitalizations of private or public technology businesses. The firm is based in San Francisco (www.vectorcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 12-5-13
