Igor Klebanov
Managing Partner

Selected Investment & Transactional Experience

Igor Klebanov has 15 years of experience in principal investments, mergers & acquisitions, debt and equity financings, operational turnarounds, and corporate restructuring. Prior to founding Glanstone Capital, Mr. Klebanov served as a senior executive at two large private equity firms; on the Corporate Development / M&A staff at General Electric; as a management consultant to Fortune 500 companies and private equity firms in the Corporate Finance & Strategy Practice of McKinsey & Co., as an investment banker focused on M&A and restructuring at JP Morgan, and as CEO of a business-to-business e-commerce company. Mr. Klebanov holds an MBA from the Wharton Business School (Palmer Scholar), an MSc from the London School of Economics, and a BA in in Economics from the Johns Hopkins University (summa cum laude). Mr. Klebanov is involved with a number of non-profits, including the YRF Darca and the Milken Institute. Mr. Klebanov is a frequent speaker at conferences and industry events on various topics, including M&A Best Practices, Keys to Successful Execution of Corporate Strategy, Acquisition & Integration Roadmap for Corporate Acquirers, and Investment Outlook in selected industries. While over the course of his career Mr. Klebanov has worked on transactions in numerous industries, he currently concentrates on Business & Information Services, Education, Entertainment & Media, and Logistics & Infrastructure.

Selected Investors

Aspect Investors

Andy Love is the Founder and Managing Partner of Aspect Investors, LLC, a private investment firm focused on search funds. Prior to founding Aspect, Mr. Love served as Chief Executive Officer of Behavioral Health Group (“BHG”), a substance abuse services company that he co-founded in 2006 and sold to the Frontenac Company in 2011. Mr. Love formed BHG through a search fund that he co-founded, VantageCap Partners, in December 2003.

Prior to founding BHG, Mr. Love was a founding team member of Broadband Venture Partners, a Dallas-based growth equity firm focused on the telecommunications and enterprise software industries. Earlier in his career, he was an Associate Consultant with Bain & Company.

Mr. Love holds a BA in Plan II Honors, magna cum laude, from The University of Texas at Austin, where he graduated with Phi Beta Kappa honors and departmental distinction. He also holds an MBA from the Stanford Graduate School of Business and an MA from the Stanford University Graduate School of Education.

B.A. Cullum has extensive experience with acquisitions, business development, and real estate development. Prior to joining the Aspect team, he was the Director of Acquisitions & Business Development at ClubCorp, the largest owner/operator of private golf clubs, country clubs and business clubs in North America. During his time at ClubCorp, B.A. played a key role in the company’s acquisition of over $390 million worth of golf and country club properties. B.A.’s proactive sourcing efforts across the U.S. served as a critical component of ClubCorp’s extensive deal pipeline and directly led to a number of successful off-market transactions.

Previously, B.A. worked at JP DiNapoli Companies, a closely held real estate investment firm, and the Beck Group, a national construction and architecture company. Early in his career, B.A. was an analyst with the Dallas Cowboys, where he focused on development of the Cowboys’ new stadium and management of the Jones family’s commercial real estate development projects.

B.A. earned an MBA from the Stanford Graduate School of Business. He also holds a Master in City Planning (MCP) from the Massachusetts Institute of Technology and a BA from Stanford University.

Brad Buser has a decade of private equity investment experience and has spent much of that time in an operationally-focused manner across a wide variety of industries and situations. Over his investment career, Brad has led or been a key team member on more than 20 executed transactions with a combined enterprise value exceeding $1.5 billion.

Prior to joining Aspect Investors, Brad was a Principal at Insight Equity, a Dallas area-based operationally intensive middle-market private equity firm with over $1 billion in capital under management. During his nearly 7 years at Insight, he helped to lead transaction sourcing and execution efforts and spent considerable time on Boards and on the ground advising and managing portfolio companies via Insight’s “hands-on” investment strategy.

Before Insight, Brad was an investment professional at Wind Point Partners, a Chicago-based private equity firm where he helped to execute on Wind Point’s strategy of backing strong and proven CEOs in acquiring established businesses. Earlier, Brad was an Associate at the Boston Consulting Group in Chicago.

Brad holds an MBA from Harvard Business School. While at HBS, Brad was a Summer Associate with the private equity team of The Blackstone Group. Brad graduated summa cum laude from the University of Notre Dame where he received his BBA in Finance. Brad is a CFA Charterholder and CPA.

The Cambria Group

Paul L. Davies III founded The Cambria Group in 1996 and is its Managing Principal. He is an experienced private equity investor, having previously been a Principal in the leveraged buyout groups of both Brentwood Associates and The Fremont Group. Previously, Mr. Davies worked for Bechtel Group, Inc., a leading international engineering-construction firm, in both operating and financial roles. In addition, Mr. Davies had leadership roles in Bechtel Enterprises, the company’s project financing and investment arm, having opened its office in Saudi Arabia, with responsibility for all Middle Eastern activity, and having worked in numerous capacities in its merchant banking activities. Earlier, Mr. Davies worked in Chevron Corporation’s foreign operation staff and was the primary real estate analyst for the company’s U.S. and Canadian pension plans.

Mr. Davies holds a Bachelor’s degree in Industrial Engineering, with distinction, from Stanford University. He also received an MBA from Stanford’s Graduate School of Business, where he was an Arjay Miller Scholar.

René Lajous is a Principal with The Cambria Group. Prior to joining Cambria, Mr. Lajous was a consultant at The Boston Consulting Group, a boutique management consulting firm, working in Dallas, Texas and Buenos Aires, Argentina. Earlier, Mr. Lajous focused on logistics and operations in the consumer packaged goods industries, working for Procter & Gamble in Canada and Mexico, as well as Pillsbury in Canada. Mr. Lajous earned a Bachelor of Applied Science in Industrial Engineering from the University of Toronto, earning the W.S. Wilson Medal for academic excellence. He subsequently received an MBA from the University of Pennsylvania’s Wharton School.

Housatonic Partners

William N. Thorndike founded Housatonic Partners in Boston in 1994 and has been Managing Director since that time.  Prior to that, Mr. Thorndike worked with T. Rowe Price Associates where he did investment research in the nascent field of business services and Walker & Company where he was named to the Board of Directors.  Mr. Thorndike is a graduate of Harvard College and the Stanford Graduate School of Business.  He is a Director of Access Information Management; Alta Colleges; Continental Fire & Safety Services, LLC, Carillon Assisted Living, LLC; Liberty Towers, LLC; OASIS Group Ltd.; QMC International, LLC; White Flower Farm, Inc., a Trustee of Stanford Business School Trust, the College of the Atlantic (Chair) and a founding partner at FARM, a social impact investing fund/collaborative. He is the author of The Outsiders.

Joseph M. Niehaus joined Housatonic Partners in 2001 and has been involved in numerous investments in a variety of industries since then. Joe was a Managing Director at Hellman & Friedman before joining Housatonic. During his twelve-year career at Hellman & Friedman, he was involved in several of the firm’s recurring services, media and communications investments. Earlier in his career, Joe was employed in the Merchant Banking and Mergers and Acquisitions departments at Morgan Stanley & Co. Joe is a Director of Accurate Monitoring, Calo Programs, Circle Graphics, Efficient Forms, FIMC, ResponseLink, School Family Media, and ZircoDATA. Joe holds a B.A. from Dartmouth College and an M.B.A. from Harvard Business School.

Hunter Trust

Andrew Hunter formed Hunter Trust in 2000 to manage his family’s investments. Andrew is the co-founder of Hunter, Keith Industries, Inc., an investor/manager in private companies. Prior to starting Hunter, Keith Andrew had a 15-year career in investment banking. He has overseen more than 50 acquisitions and investments and has served on more than 20 boards since 1985. Andy received a BA from Northwestern University and an MBA from the Stanford Graduate School of Business. Andrew resides in Hobe Sound, Florida.

Lacey H. Wismer joined Hunter Trust in 2009 and manages the sourcing, assessment, and management of new investment opportunities with an emphasis on search funds. She sits on the board of a health care manufacturing and distribution company and has board observer seats at several other operating companies. Prior to joining Hunter Trust, Lacey consulted for health care start-ups and the Center for Entrepreneurial Studies at the Stanford Graduate School of Business. Before that, she was a health care investment banker at Deutsche Bank. Lacey received a BA from the University of Colorado and an MBA from the Stanford GSB. Lacey resides in Park City, Utah.


Michael F. O’Connell is the Senior Managing Director at M2O, Inc.  He oversees the assessment of investment opportunities and reviews the ongoing performance of portfolio companies.  For most of his career, Mr. O’Connell was President and Managing Director of Anhalt, O’Connell & Steffanci Inc., a Los Angeles-based investment management firm with almost $1 billion under management.   In 1992, Mr. O’Connell purchased the National Lines Bureau, a ship mooring company operating at the Los Angeles and Long Beach harbors, the largest (combined) commercial port in America.  This initial, successful investment prompted many more and Mr. O’Connell soon shifted his focus from investment management to venture capital.  Today, he leads M2O with a portfolio of more than 40 companies.  Mr. O’Connell also sits on the board of American Biosurgical Inc., Veri-Tax, and Yates & Associates Insurance.  Mr. O’Connell holds a B.A., with high honors, from Harvard College and an MBA from Harvard Business School.

Michael-Kevin (M-K) O’Connell joined M2O, Inc. as a Managing Director in 2009. He is responsible for sourcing and reviewing new investment opportunities as well as monitoring the performance of portfolio companies.   Prior to joining M2O, Mr. O’Connell was a Manager with L.E.K. Consulting. During his tenure there, Mr. O’Connell led project teams across a diverse range of industries and business issues.  His projects included the strategic due diligence of a $1 billion building materials company, the development of a customer contact and support strategy for a legacy airline, the strategic realignment and long-term plan for a major Los Angeles attraction, and the strategic due diligence of a leading equipment supplier to solar cell manufacturers.  Before L.E.K., Mr. O’Connell worked in commercial real estate as the Director of Research for CB Richard Ellis in New England.  Mr. O’Connell also sits on the board at Origo Commodities Management and is an advisor to Veri-Tax and Yates & Associates Insurance.  Mr. O’Connell received his B.S, magna cum laude, from Boston College and his MBA from The Wharton School at the University of Pennsylvania where he was the recipient of the Thomas P. Gerrity Leadership Award for achieving “excellence in both academic and co-curricular pursuits.”

Craig Burr

Craig Burr’s career has been devoted almost exclusively to venture capital and private equity activities, having founded Burr, Egan, Deleage & Co. in 1979. Previously, Mr. Burr was a Partner at TA Associates. He has been a member of the Board of Directors of the New England Venture Capital Association.  He is presently a private investor and serves on the Boards of Directors of several private companies. Mr. Burr received his AB, cum laude, from Harvard College and his MBA from Harvard Business School.

Kent Weaver

Kent Weaver is Chairman and CEO of Progressive Home Care, a Northern California-based home health care agency. Previously, Mr. Weaver held executive positions for KnowledgeLINK, a venture-backed technology services company that enables channel marketing process management. Prior to this, he served as regional CFO and business analyst in Pepsico’s Pizza Hut Division.  Mr. Weaver began his career with Ernst & Young. Kent received his MBA from UCLA and a BS from the University of Southern California

Malcolm Macintyre

Malcolm Macintyre is a Managing Director of Capella Capital. He has 25 years of experience in infrastructure investments, investment banking and chartered accounting, including as an investor, developer, advisor and financier of greenfield and brownfield transport and social infrastructure projects.  Mr. Macintyre has led some of the largest and most complex Public Private Partnership transactions in the US and Australia, raised billions of project specific equity and debt financing for major infrastructure projects, and led establishment of managed infrastructure funds.  Mr. Macintyre served as the Head of the Babcock & Brown’s North American Transport and Social Infrastructure team.  His other positions included senior roles at Infrastructure Capital Partners and ABN AMRO’s Infrastructure Capital Group

Marc Rowan

Mr. Rowan is a co-founder, Senior Managing Director and Director of Apollo Global Management, LLC and Managing Partner of Apollo Management, L.P., which he co-founded in 1990.  Prior to that time, Mr. Rowan was a member of the Mergers & Acquisitions Group of Drexel Burnham Lambert Incorporated, with responsibilities in high yield financing, transaction idea generation and merger structure negotiation.  Mr. Rowan currently serves on the boards of directors of the general partner of AP Alternative Assets, L.P., Apollo Global Management, LLC, Caesars Entertainment Corporation, Caesars Acquisition Co., Norwegian Cruise Lines and Beats Music.  He has previously served on the boards of directors of AMC Entertainment, Inc., Cablecom GmbH, Culligan Water Technologies, Inc., Countrywide PLC, Furniture Brands International, Mobile Satellite Ventures, LLC, National Cinemedia, Inc., National Financial Partners, Inc., New World Communications, Inc., Quality Distribution, Inc., Samsonite Corporation, SkyTerra Communications Inc., Unity Media SCA, Vail Resorts, Inc. and Wyndham International, Inc.

Mr. Rowan is also active in charitable activities.  He is a founding member and Chairman of the Youth Renewal Fund and a member of the Board of Overseers of the University of Pennsylvania’s Wharton School of Business. Mr. Rowan also serves on the boards of directors of Jerusalem Online and the New York City Police Foundation.  Mr. Rowan graduated summa cum laude from the University of Pennsylvania’s Wharton School of Business with a BS and an MBA in Finance.

Matthew Burr

Matthew Burr is a general partner at Matland Capital, where he is responsible for a hedge fund portfolio.  He previously worked at Cambridge Associates, where he was a hedge fund analyst and also assisted universities, foundations, and high net worth families with asset allocation, investment manager selection, and market research.  Matthew Burr received his BA, cum laude, from Harvard University, and has a master’s degree from Duke University in Environmental Management

Todd Sandoz

Todd Sandoz serves as Head of Equities, Americas at Barclays. Previously, he was the Global Head of Execution Services and Equity Trading at Nomura.  Prior to Nomura, Mr. Sandoz spent 17 years at Credit Suisse, where he was Head of Global Foreign Exchange and Short-Term Interest Rates Trading, Co-Head of Americas Equities, Global Head of Cash Equity Trading and Execution, and Head of Equity Derivatives and Equity Trading, Asia Pacific.  Mr. Sandoz started his career as a Convertible Bond Trader at Citadel in 1993.  Mr. Sandoz received a BA in Economics from Yale University.

W. Robert Dahl

Bob Dahl is a Managing Director and co-founder of WRD Capital, a venture capital firm serving out of Connecticut. Previously, Bob was a founding partner of Arrowhawk Capital Partners. From April 1999 until June 2006, Mr. Dahl served as the head of Global Healthcare for the Carlyle Group.  Prior to Carlyle, Mr. Dahl served as co-head of healthcare investment banking in North America at Credit Suisse First Boston.  Earlier in his career Mr. Dahl was a CPA for Price Waterhouse.  Mr. Dahl is a graduate of the Harvard Business School and received a BA from Middlebury College.