Dallas Innovates: New Family Office Opens, Former YPO Global President Appointed CEO
Dallas Innovates’ Sophia Gonzalez has written a wonderful piece on our company recently. In it, she tells a bit about who we are, our approach to professional services firm investments, and the appointing of former YPO Global President, Sean Maggenis, as our CEO.
Here’s a quick excerpt from the read…
The family office calls its approach to investment hyper-specialized. Capital 54 and its family members, partners, and advisors focus their “time, talent, and treasure” on boutique professional services firms, according to a statement. The founding team said a combination of growth capital and years of accumulated expertise in this particular segment will result in exceptional returns.
The firm says its mission is to solve a widespread problem for professional services firms:
“90 percent of them fail to scale and exit because they lack capital, relationships, and know how.”
That’s where Capital 54 can help, it says. Companies spend $560 billion annually on professional services, the firm notes.
Read the full article by Sophia Gonzalez at Dallas Innovates.