Our Team

Fred has been Managing Partner at Virginia Capital since its inception in 1996. He has more than 25 years of venture capital and private equity experience. Fred sponsored growth capital investments in more than 40 companies in a variety of industries including health care, media, communications, consumer and insurance. He was the private equity investor in four companies that subsequently completed an initial public offering (IPO) and has arranged for the sale of nearly 30 venture capital backed portfolio companies with total sales proceeds of more than $2 billion.

Fred is on the Board of substantially all of Virginia Capital's active VC investments and is the Chairman of several of these companies. Fred is on the Board of Kinsale Capital, Virginia Business Media, SC Business Media, Tall Cotton Partners, Clear Signal Towers, Car Pool and Sewickley Partners. Over the last fifteen years Fred has arranged dozens acquisition for these private equity backed enterprises and has sponsored numerous rounds of growth capital.

Fred was previously with a $1 billion private equity firm in Washington and a $100 million venture capital fund before that. Before joining the VC industry, he worked in New York with the Chemical Bank (now part of JP Morgan). Earlier in his career, he also took a sabbatical from private equity to serve as Managing Director for a VC backed health care services company which he helped build into a $70 million revenue business.

Fred is active in a number of civic and philanthropic causes. Fred is the co-founder and Chairman of the Frederick Banting Foundation which sponsors research on promising technologies, devices and drugs that might cure Juvenile Diabetes. Fred and his wife Susan are also actively involved with the Juvenile Diabetes Research Foundation and are active supporters of the University of Virginia, Virginia Athletics Foundation, the Richmond SPCA, the Richmond Ballet, the Wounded Warrior Project, the MS Society and Children's Hospital. Fred is a member of the Virginia Chamber of Commerce Small Business Committee where he is involved with small business tax policy initiatives.

Fred graduated from the Wharton School at the University of Pennsylvania where he earned an MBA and from the McIntire School of Commerce at the University of Virginia where he graduated with his Bachelor of Science. Fred has lectured on venture capital and private equity topics at the Wharton School, the University of Virginia, the University of Richmond and VCU.

Fred lives in Richmond with his wife, Susan, and their three children. Fred is passionate about being on the water, fly fishing, hunting upland birds and finding a cure for Juvenile Diabetes.