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ABOUT US

BayBoston is a minority-owned private equity firm that invests in companies located in the United States, Latin America and select geographies. Founded in 2013, we view diversity and inclusion as a key strategic asset both within our portfolio companies and at BayBoston. We seek to maximize the value of our investments for our investors, the communities that our companies serve, and the workforces that serve these communities. We target growing companies in select industries and market verticals with a focus on financial services. We aim for predictable returns by disciplined investing and active management.

Strategy

Portfolio

Below is a list of active portfolio companies that the BayBoston funds have invested in since 2015. We are actively seeking investments. If you would like to submit an investment proposal, please use the link above. 

PORTFOLIO COMPANIES:

Professional Holding Corp. (NASDAQ: PFHD)

Professional Holding Corp. is a single-bank holding company headquartered in Coral Gables, Florida. The Company’s wholly owned bank subsidiary, Professional Bank, was chartered in 2008 and has seven branches and two additional loan production offices in and around Miami-Dade County, Florida.

BUSINESS: Community Bank

HEADQUARTERS: Coral Gables, FL

INITIAL INVESTMENT DATE: April 2015

INVESTMENT TYPE: Growth

STATUS: Active Investment

BOARD PARTICIPATION: Yes

WEBSITE: www.myprobank.com

CFG Partners L.P.

Founded in 1979, CFG Partners is a leading non-bank, community-focused consumer lender in Panama and the Caribbean. CFG is a gateway to credit in the markets it serves, helping families build credit histories and meet basic financial needs. CFG has closed more than one million loans, and has originated more than $3.0 billion of consumer loans over the past twelve years. CFG has an established branch network of 69 retail locations and over 1,100 employees who serve over 120,000 active customers. CFG’s principal presence is in Panama, Trinidad & Tobago and the Dutch Caribbean.

BUSINESS: Consumer Finance

HEADQUARTERS: San Juan, PR | Aventura, FL

INITIAL INVESTMENT DATE: August 2015

INVESTMENT TYPE: Growth

STATUS: Active Investment

BOARD PARTICIPATION: Yes

WEBSITE: www.cfgpartners.com

Radius Bancorp Inc.

Radius Bancorp is a bank holding company headquartered in Boston, Massachusetts whose holding, Radius Bank, is an innovative bank offering virtual banking technologies with the personalized attention that only a community bank can provide. It offers a full complement of convenient, leading-edge personal and business products and services. Radius serves consumers, small and middle market businesses, unions, government entities and non-profit organizations as its core clients.

BUSINESS: Community/Online Bank

HEADQUARTERS: Boston, MA

INITIAL INVESTMENT DATE: June 2016

INVESTMENT TYPE: Recapitalization/Growth

STATUS: Active Investment

BOARD PARTICIPATION: Yes

WEBSITE: www.radiusbank.com

CapTex Bancshares, Inc.

CapTex Bancshares, Inc. is a bank holding company, which in 2017 purchased the First National Bank of Trenton. CapTex has locations throughout the Dallas-Ft. Worth Metropolitan area.

BUSINESS: Community Bank

HEADQUARTERS: Ft. Worth, TX

INITIAL INVESTMENT DATE: September 2017

INVESTMENT TYPE: Recapitalization/Growth

STATUS: Active Investment

BOARD PARTICIPATION: Yes

WEBSITE: www.captex.bank

Professional Holding Corp. (NASDAQ: PFHD)

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Professional Holding Corp. (NASDAQ: PFHD)

CFG Partners L.P.

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CFG Partners L.P.

Radius Bancorp Inc.

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Radius Bancorp Inc.

CapTex Bancshares, Inc.

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CapTex Bancshares, Inc.

Carlos Garcia

CEO, FOUNDER & MANAGING PARTNER

Carlos brings over 25 years of experience in the financial industry, both in the private and public sectors. He has occupied senior leadership positions in the areas of community, commercial and investment banking, securities brokerage, and asset management, as well as with government and regulatory bodies. He has a track record of executing turnarounds and growing businesses. He is the Chairman of CFG Partners since 2014 and a board member of Professional Holding Corp. (NASDAQ:PFHD) since 2015. He worked for 14 years at Banco Santander serving in various positions, including from 2011 to 2013 as Senior Executive Vice President and board member of Santander Bank, N.A. and Santander Holdings USA, Inc., and from 1997 to 2008 as President and COO of Banco Santander Puerto Rico, COO of Santander Bancorp (NYSE:SBP), Vice Chairman and CEO of Santander Securities, Chairman of Santander Asset Management and board member of Santander Financial Services. He was appointed by President Barrack Obama to the Financial Oversight and Management Board for Puerto Rico in 2016. From 2009 to 2011, he was in public service as Chairman and CEO of the Government Development Bank for Puerto Rico, Chairman of the Fiscal Restructuring and Stabilization Board of Puerto Rico, and Chairman of the Puerto Rico Public Private Partnership Authority. He started his career as an analyst at Credit Suisse First Boston. He graduated with a dual degree from the Wharton School and the College of Arts & Sciences at the University of Pennsylvania. He is a member of the board of directors of Hyde Square Task Force in Boston. He is a former board member of the Federal Home Loan Bank of Pittsburgh, Radius Bancorp, the Make-A-Wish Foundation of Puerto Rico and the Make-A-Wish Foundation of Massachusetts and Rhode Island.

Tel 617.607.4601

Liesl Sitton

Principal & Managing Partner

Liesl has more than 20 years of investment, finance and accounting experience working at large multi-national corporations across multiple industries including private equity, financial services and public accounting. In her roles as Portfolio Director at Boston Consulting Group and Vice President of Finance at Devonshire Investors, the private equity division of Fidelity Investments, she has established governance processes, aided in managing risk, and directed business strategy, merger and acquisition (M&A) transactions and legal entity structuring to maximize corporate value.  Mrs. Sitton began her career in Boston at Ernst & Young (EY) where she spent 11 years in the audit practice. At EY, she managed audits of public and private multinational firms in the technology, manufacturing and financial services industries and she also worked on numerous initial public offerings. She graduated cum laude from the Isenberg School of Management at UMASS-Amherst. Mrs. Sitton is a member of the EY Alumni Council in Boston, has served on the MSCPA board, and was a co-founder of the Association of Latino Professionals (ALPFA), Boston Chapter.

Tel 617.607.4602

Andres Saldaña

General Counsel & Compliance Officer

Andres is a corporate and securities attorney with over thirty years of experience in cross-border business, global asset management, capital markets, and investment funds. Andres served as Managing Director and senior counsel at Wellington Management Company LLP for twenty years. Wellington Management is a global investment fiduciary with over $1 trillion in institutional client assets under management. At Wellington Management, Andres served as Legal Director for Asia Pacific and previously as Legal Director for Europe, Middle East and Africa. Andres provided strategic advice and legal counsel focusing on the firm’s global growth. As the firm expanded into major capital markets including London, Frankfurt, Singapore, Hong Kong and Tokyo, as well as mainland China, Andres advised on the establishment of new legal structures, in-country and cross-border licensing, business development strategies, and the firm’s strategic initiatives. He also worked on the structuring and governance of in-house investment funds worldwide. Prior to joining BayBoston, Andres was a co-founder of Ten Factor Management LLC, a Boston-based venture capital firm specializing in cross-border investments in artificial intelligence and robotics. Andres began his career at Ropes & Gray LLP and then at Bingham Dana LLP (now Morgan, Lewis & Bockius LLP) in Boston, where he specialized in investment fund and investment adviser regulation. He received a B.A. and M.A. in Sociology from Brown University, and a J.D. from Yale Law School.

Tel 617.607.4603

Mike Fischer

Director of Investment Research

As Director of Investment Research at BayBoston, Mike has primary responsibility for market research, evaluating potential investment opportunities, and valuing portfolio companies. Before joining BayBoston Mike was affiliated with Cambridge Associates, working in CA Capital, the company’s discretionary investment practice which invests on behalf of endowments, foundations, and private clients. He obtained a bachelor’s degree with concentrations in finance and management leadership from Boston College’s Carroll School of Management, where he also played varsity football.

Tel 617.607.4604
Management Team

Carlos Garcia

CEO, FOUNDER & MANAGING PARTNER

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Carlos Garcia

Liesl Sitton

Principal & Managing Partner

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Liesl Sitton

Andres Saldaña

General Counsel & Compliance Officer

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Andres Saldaña

Mike Fischer

Director of Investment Research

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Mike Fischer

Richard W. Durkes

Senior Advisor

Rick has had an extensive career in financial services for over 40 years. He served as the CEO of a small community bank and then established a successful financial services practice at The Chicago Corporation. Subsequently, he became head of its equities and investment banking group and served as an internal advisor on its sale to ABN Amro. He then became the CEO of the North American Equities and Investment Banking group of ABN Amro and a member of its executive committee. From 2002 to 2014, Mr. Durkes served as a managing director at Sandler O’Neill, one of the most prominent financial services investment banks in the U.S. He is currently Vice Chairman – Investment Banking at Raymond James. He was a former trustee of Henderson Global’s US mutual funds and two Northern Trust funds.

Dana Callow

Senior Advisor

Dana Callow is a founder and Managing Partner of Boston Millennia Partners, a private equity firm. Prior to forming Boston Millennia Partners, Mr. Callow co-founded Boston Capital Ventures and worked as a Senior Consultant at Braxton Associates. He was the founding institutional investor in PAREXEL International Corporation, (Nasdaq: PRXL) and continues as its Presiding Director. He is a Member of the National Board of Directors of the Leukemia and Lymphoma Society, a member of the Board of Trustees and Chairman of the Investment Committee at Tufts University as well as a member of the Board of Overseers at Tufts University Medical School. Mr. Callow is a graduate of Tufts University and holds an MBA from the Amos Tuck School at Dartmouth College.

Jeffrey B. Weeden

Senior Advisor

Jeff Weeden is former chief financial officer and senior executive vice president of KeyCorp from 2002 to 2013. KeyCorp is one of the top-20 largest banks in the United States by deposits. Jeff currently serves as a board member of State Farm Bank since December 2014. He also served in different executive roles at MFN Financial Corporation from 1999 to 2002, including CEO, president, COO and CFO; and was instrumental in rehabilitating MFN Financial before it merged with Consumer Portfolio Services Inc. in 2002. Prior to MFN Financial, he served as CFO of Firstar Corporation from 1996 to 1998. He was involved in its merger and acquisition activities, including the merger of StarBanc Corporation with Firstar. Jeff holds a bachelor’s degree in Industrial Administration (accounting) and Economics from Iowa State University.

Ward W. Woods

Senior Advisor

Ward Woods is former President and CEO of Bessemer Securities Corporation and Founding Partner of Bessemer Holdings, L.P. (1989-2000), a private equity firm. He is also a former Trustee of Stanford University and former Chairman of Stanford Management Company. Mr. Woods was a senior partner and member of the Management Committee of Lazard Freres & Company. Prior to joining Lazard Mr. Woods was a Managing Director and a Partner of Lehman Brothers and was co-head of the Corporate Finance Department. He is currently Chair of the Board of Trustees of the Wildlife Conservation Society, Chair of the Advisory Council of The Woods Institute for the Environment at Stanford University, and serves as a trustee of the David & Lucille Packard Foundation. Mr. Woods graduated from Stanford University.

Investment Committee

Richard W. Durkes

Senior Advisor

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Richard W. Durkes

Dana Callow

Senior Advisor

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Dana Callow

Jeffrey B. Weeden

Senior Advisor

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Jeffrey B. Weeden

Ward W. Woods

Senior Advisor

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Ward W. Woods

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