Our Team

  

Jim Upchurch

President & CEO


Jim is President and Chief Executive Officer of Caltius. Prior to founding Caltius, Jim was the President of U.S. Bancorp Libra and its predecessor, Libra Investments, an investment banking firm focused on the sale, trading and placement of debt securities. Previously, Jim was a Portfolio Manager for high yield bonds at Columbia Savings and Loan Association, managing an investment portfolio of $4 billion. Jim began his career as Certified Public Accountant at KPMG. Jim currently serves on the board of directors of the following Caltius portfolio companies: Starpoint Health, The Institute of Audio Research, Kiss My Face, MCC Control Systems, Nicoat Acquisitions and Platt College Holdings. Jim received his B.S. in Accounting from Northern Arizona University.


jupchurch@caltius.com

  

Garrick Ahn

Managing Director


Garrick joined Caltius Equity in 1999. He is responsible for sourcing, executing and managing investments. His prior experiences include positions at Bastion Capital, McKinsey & Company, and Morgan Stanley & Co. He received his B.S. and M.S. in Electrical and Computer Engineering from Johns Hopkins University, and an M.B.A. from Harvard Business School. Garrick currently serves on the board of directors of Davex Labs, Electra Bicycle Company, Institute of Audio Research, Senior Bridge Family Companies, Platt College Los Angeles, and National Industrial Coatings, Inc. (Nicoat). His focus areas include healthcare services, post-secondary education, and consumer products and services.


gahn@caltius.com

  

Jeffrey Holdsberg

Managing Director


Jeffrey joined Caltius Equity in 2008. He is responsible for working with management in operational strategy design and execution. Previously, Jeffrey was the Chief Executive Officer and President of Northwest Coatings, a Caltius portfolio company. His prior experiences include roles as an advisor to Charlesbank Capital Partners, a private equity fund, and President of the Alper Ink Group, a manufacturer of specialty chemicals. Jeff began his career as a Certified Public Accountant at Arthur Andersen. Jeff received his B.S. in Business from Eastern Illinois University. Jeffrey currently serves on the board of directors of Diversified Human Resources, National Industrial Coatings, Inc. (Nicoat), and The Institute of Audio Research. His focus areas include specialty materials and industrial products, post secondary education and business services.


jholdsberg@caltius.com

  

Michael Morgan

Managing Director


Michael joined Caltius Equity in 1999. He is responsible for sourcing, executing and managing investments. His prior experiences include positions at Salomon Smith Barney in their Financial Sponsor Coverage Group, Kline Hawkes & Co., and Continental Illinois Venture Corporation (now CIVC Partners). Michael received his B.A. in Economics from the University of Pennsylvania, and an M.B.A. from the Anderson Graduate School of Management at UCLA, where he was also a Venture Capital Fellow. Michael currently serves on the board of directors of Starpoint Health, MCC Control Systems, Diversified Human Resources, and Kiss My Face. His primary focus is the service sector including healthcare, facilities management, industrial and business.


mmorgan@caltius.com

  

Jeffrey Kendig

Principal


Jeff joined Caltius Equity in January 2006 after spending the previous six months with Caltius Mezzanine. Previously, he had been an Associate with Kayne Anderson Private Investors as well as Millennium Capital Partners. Jeff began his career in the Strategy Group at A.T. Kearney where he was responsible for executing strategic and operational improvement projects across a variety of industries. Jeff currently serves on the board of directors of Electra Bicycle Company, Platt College, Davex Labs, and Diversified Human Resources. Jeff graduated from Middlebury College, cum laude, with a B.A. in Economics and Italian. He received his M.B.A. from the UCLA Anderson School of Management where he was a Venture Fellow.


jkendig@caltius.com

  

Justin Benshoof

Principal


Justin joined Caltius Equity in June 2011. Justin was previously an Analyst with Norwest Equity Partners where he focused on management buyouts, recapitalizations, and growth investments across a variety of industries. He was responsible for evaluating investment opportunities, performing due diligence, obtaining financing for investments, and working closely with portfolio company management teams. Justin graduated from Beloit College with a B.A. in Economics and received his M.B.A. with honors from the University of Minnesota.


jbenshoof@caltius.com

  

Ryan Matthews

Associate


Ryan joined Caltius Equity in July 2016. Ryan was previously an Analyst at Harris Williams & Co. where he was a member of the Consumer Group. While at Harris Williams & Co., Ryan worked on mergers and acquisitions and strategic advisory assignments across a variety of consumer segments including food & beverage, consumer products, and restaurants and retail. Ryan graduated from The Ohio State University with a B.S. in Business Administration.

 


rmatthews@caltius.com

  

Bob Morrish

General Counsel & Executive VP


Bob has managed corporate governance, partnership and legal issues for Caltius since it was founded in 1997. Since 1994, Bob has been Executive Vice President and General Counsel of Libra Securities, an investment banking firm focused on the sale, trading and placement of debt securities. Previously, he was a partner at Riordan & McKinzie, specializing in corporate and securities law. Bob graduated from Harvard Law School, cum laude, and the University of California, Berkeley.


bmorrish@caltius.com

  

Greg Brackett

CFO


Greg joined Caltius in 2000. Previously, he was a Senior Accountant in the Investment Management Services Assurance Group of KPMG, where his clients included private equity firms, investment banks, mutual funds and credit unions. Greg received his B.A., magna cum laude, in Business Economics from the University of California at Los Angeles. Greg is a Certified Public Accountant and Chartered Financial Analyst.


gbrackett@caltius.com

  

Melissa Gee

Controller


Melissa joined Caltius in 2002. She participates in the areas of accounting, human resources and limited partner relations for Caltius. Melissa received her B.A., summa cum laude, in Mathematics and Psychology from Chaminade University of Honolulu.


mgee@caltius.com

  

Bruce Aiken

Accounting & Investor Relations


Bruce joined Caltius in November 2015.  Bruce manages limited partner and public relations for Caltius and supports the CFO in the daily financial operations of the firm. Bruce graduated from the University of Southern California, with a B.S. in Business Administration, Finance.

 

 

Bruce joined Caltius in November 2015.  Bruce manages limited partner and public relations for Caltius and supports the CFO in the daily financial operations of the firm. Bruce graduated from the University of Southern California, with a B.S. in Business Administration, Finance.


baiken@caltius.com

  

Marcelo Sciurano

Director of IT


Marcelo has worked with Caltius as an IT Consultant since Caltius’ founding in 1997 and joined Caltius as its full-time IT Director in 2010. Marcelo has over twenty years of experience working as an IT Consultant for firms such as Libra Securities LLC, where he was responsible for their internal technology set-ups, desktop support and office relocations. His prior experience also includes IT setup and office relocations for Morgan Joseph TriArtisan LLC west coast offices as well as Software Support at Executive Life Insurance Company and at Mainsaver, a maker of software to track and manage machinery maintenance. Marcelo received his B.S. in Mathematics at the University of California, Los Angeles.


msciurano@caltius.com

  

Donna Ashton

Executive Assistant


Donna joined Caltius as an Executive Assistant in 2003. Her previous experience includes 15 years of administrative support and office coordination at Dorchester Capital Advisors, Goldman Sachs, Merrill Lynch and National Geographic in England and South Africa. Donna has an Associates of Fine Arts in Web Design and New Media at the Academy of Art University of San Francisco.


dashton@caltius.com


Investment Team


Jim Upchurch

President & CEO

Garrick Ahn

Managing Director

Jeffrey Holdsberg

Managing Director

Michael Morgan

Managing Director

Jeffrey Kendig

Principal

Justin Benshoof

Principal

Ryan Matthews

Associate


Operations Team


Bob Morrish

General Counsel & Executive VP

Greg Brackett

CFO

Melissa Gee

Controller

Bruce Aiken

Accounting & Investor Relations

Marcelo Sciurano

Director of IT

Donna Ashton

Executive Assistant


Executive Partners



Caltius Equity Partners has partnered with a select group of seasoned, successful operating executives with many years of hands-on experience. These executives have worked with us as day-to-day portfolio company operating executives and/or as directors of our portfolio companies. In addition to investing in our Funds, these individuals support us by:
 

  • Identifying potential investment opportunities
  • Assisting in industry and company specific due diligence projects
  • Identifying growth opportunities for portfolio companies
  • Mentoring portfolio company executives
  • Serving on the boards of directors of portfolio companies