Industry Updates

Joe DaGrosa and David Neithardt launch DaGrosa Capital Partners

Wednesday, April 03, 2019

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Opalesque Industry Update - Today veteran investment executives, Joe DaGrosa and David Neithardt, have launched DaGrosa Capital Partners, established to manage their public securities investments for their respective family offices as well as those of their co-investors. In partnership with General American Capital Partners, Mr. DaGrosa and Mr. Neithardt now have the platform to invest in public securities investments and private equity investments. Guided by the extensive experience of the principals, DCP will employ an event-driven strategy aimed at delivering long-term value to accredited and institutional investors. DCP will invest a majority of its assets in publicly traded equity and debt securities, and will also capitalize select private equity investments made possible by their access to proprietary deal flow.

"We believe that there are abundant opportunities to identify companies whose prices do not represent their fundamental value. However, unlocking this value typically requires a catalyst to make this happen, we believe we have extensive experience identifying these catalysts and will in some cases actually serve as the catalyst through a 'friendly activist' approach" said Joe DaGrosa, Chairman and Chief Investment Officer of DaGrosa Capital Partners LLC. "For over 20 years I've had the honor of identifying and capitalizing on investment opportunities with my partner and friend David Neithhardt, and we are delighted to launch DCP to enable outside investors to join us as true partners."

"We intend to utilize DCP to build wealth over the long term through carefully managed public securities investments," said David Neithardt, Chief Operating officer of DaGrosa Capital Partners LLC. "I am also thrilled to continue to work alongside my partner and friend Joe DaGrosa, and our strong team, as we focus on delivering exceptional results for our investors."

In addition to being the Chairman and CIO of DCP, Joe DaGrosa is also the Chairman, Co-Founder and CEO of GACP, a private equity firm located in Coral Gables, FL. Prior to GACP, he was one of three senior partners at 1848 Capital Partners LLC. His public and private equity experience spans over 30 years and he has completed transactions across multiple industries including sports & entertainment, retail, insurance, and healthcare. Mr. DaGrosa is also the Chairman of Girondins de Bordeaux, a football club in France's Ligue 1 and Soccerex, the world's largest organizer of soccer business conferences. Since 2008, Mr. DaGrosa has also served as CIO for the public securities investment portfolio for Jet Support Services Inc. ?€?

David Neithardt is the COO of DCP. Mr. Neithardt is also the Chief Operating Officer and Co-Founder of GACP. Prior to GACP, he was one of three senior partners at 1848. ?€?Prior to 1848, Mr. Neithardt worked at MapleWood Partners LP, a middle market private equity firm. He began his career in 1991 as a Financial Analyst in Smith Barney Inc.'s Corporate Finance Group where he completed transactions with aggregate dollar proceeds of over $1.5 billion.

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