Sverica Capital Management has promoted Michael Dougherty to principal and Doug Patrican to vice president.
Mr. Dougherty joined Sverica’s San Francisco office in 2012 and has over nine years of private equity experience. He is active sourcing and evaluating new investments, transaction execution, and portfolio company operations for technology, technology services and software companies.
Mr. Dougherty has his undergraduate degree from Brown University, and he currently serves on the boards of directors of Cytracom, a Texas-based provider of cloud-based communications systems; DeFy Security, a Pennsylvania-based provider of cyber security services; Gorilla Logic, a Colorado-based provider of software development and consulting services; and ShadowDragon, a Wyoming-based provider of threat intelligence software.
Mr. Patrican joined Sverica’s Boston office in 2020 and focuses on sourcing and managing the firm’s healthcare investments. He has six years of private equity experience and earned his undergraduate degree from Boston College and his MBA degree from the Tuck School of Business at Dartmouth College.
Boston and San Francisco-based Sverica invests in North American-based companies with less than $20 million of EBITDA and less than $150 million of revenue. Sectors of interest include technology, business services, software, healthcare and advanced industrial.
In October 2019, after just three months in the market, Sverica held a first and final close of its fifth fund, Sverica Capital Partners V LP. The new fund was oversubscribed and closed at its hard cap with $450 million of capital commitments.
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