My education expertise gives New Markets a recession resistant strategy that complements a proven focus on IT and healthcare. I have not seen a better time to be investing in education, nor a time with more compelling investment opportunities.
College Park, MD (PRWEB) March 10, 2009
New Markets Venture Partners formally welcomes two highly regarded venture investors to the firm. Frank Bonsal III has been named Partner and will lead the education investment strategy. Venture capital industry veteran Frank Bonsal Jr. has joined the firm as Special Partner.
"The Bonsals bring to New Markets both a wealth of deal and industry experience and a progressive view to the future. As we expand our focus to include IT, healthcare and education investing, we are pleased to have Frank lead our education investment strategy," stated Mark Grovic, General Partner of New Markets. "It's beneficial to have the unique experience and perspective of both Franks on the New Markets team."
Frank Bonsal III joins the firm as Partner and will head up its education investments. He is the lead partner and Board Director of Questar Assessments, Inc. Frank brings over two decades of experience in the education industry and joins the team of Robb Doub, Mark Grovic, Rajesh Rai and Don Spero, who have been the nucleus of the New Markets team since 2003.
"I am thrilled and fortunate to be a part of this talented venture team," stated Frank Bonsal III. "My education expertise gives New Markets a recession resistant strategy that complements a proven focus on IT and healthcare. I have not seen a better time to be investing in education, nor a time with more compelling investment opportunities."
Prior to New Markets, Frank was a Partner at Bonsal Capital, a private equity firm founded by New Enterprise Associates Co-Founder Frank Bonsal, Jr., and a Managing Partner of Education Capital, an education-centric boutique advisory firm, now part of Washington, DC-based FOCUS Enterprises. At Bonsal Capital, Frank managed the firm's education investments and collaborated with Bonsal Jr. in numerous direct and indirect investments across a multitude of sectors. Frank is a Board Director of Baltimore-based Moodlerooms, Inc. and shares board observer rights at Spectrum K12 School Solutions and Veran Medical Technologies. Prior to Bonsal Capital, Frank was a K-12 practitioner with 15 years experience across seven states and three countries.
Frank Bonsal Jr. joins New Markets as Special Partner and core advisor to the investment team. Frank's career in venture capital is renowned and typifies the New Markets core philosophy of a small team devoted to capital efficient investing. Frank co-founded New Enterprise Associates (NEA) in 1978 and has been depicted as one of the legends of the United States' venture capital industry. He has served on a multitude of information technology, healthcare and education company boards as well advisory boards of emerging venture managers in the U.S. and abroad. Prior to NEA, Frank was a General Partner of Alex. Brown & Sons.
About New Markets Venture Partners
With $50 million in capital commitments, New Markets Venture Partners is a leading early stage venture capital firm that invests in and actively assists innovative information technology, healthcare and education companies. The New Markets Team has decades of experience investing in and building high growth companies, and benefits from the wisdom, tenacity, and vision of founders of a highly successful public company and one of the U.S.'s premier venture firms. The team has proprietary relationships with centers of innovation, and particular domain expertise around technology and education. New Markets prides itself as being entrepreneur friendly, and works to add value before, during and after the investment process. For further information, visit http://www.NewMarketsVP.com.
Mark Grovic, General Partner
New Markets Venture Partners