DBL Partners Expands Team With Three Additions

Continues Investment Emphasis on Financial and Social Benefits

July 14, 2011

SAN FRANCISCO (July 14, 2011) – DBL Part­ners, a dou­ble bot­tom line ven­ture cap­i­tal firm, announced today that it has hired Lisa Hager­man as Direc­tor of Dou­ble Bot­tom Line Pro­grams, a newly cre­ated posi­tion, and two Asso­ciates to round out its invest­ment team fol­low­ing the recent clos­ing of its sec­ond Fund.

DBL Part­ners makes invest­ments in pri­vate, high growth com­pa­nies that seek to opti­mize both finan­cial return and pos­i­tive social impact. Invest­ments from the firm’s first Fund, such as Bright­Source Energy, Live­scribe, Pan­dora Media (NYSE: P), Pow­erlight (acquired by Sun­Power), Rev­o­lu­tion Foods, SolarCity, and Tesla Motors (NASDAQ: TSLA) have cre­ated more than 5,000 Bay Area jobs to date and are lead­ers in work­force devel­op­ment pro­grams, com­mu­nity engage­ment and envi­ron­men­tal stewardship.

Lisa Hager­man joins DBL Part­ners from Harvard’s Kennedy School of Gov­ern­ment, where she led More for Mis­sion, a research and advo­cacy ini­tia­tive pro­mot­ing mis­sion invest­ing that includes a net­work of 96 mission-​​driven foun­da­tions col­lec­tively rep­re­sent­ing $38 bil­lion in assets. Pre­vi­ously, Ms. Hager­man was a Vice Pres­i­dent at Eco­nomic Inno­va­tion Inter­na­tional. Ms. Hager­man has ten years of bank­ing expe­ri­ence, three with Wells Fargo Bank in Gov­ern­ment Rela­tions, and seven years with Citibank in the Latin Amer­i­can Mar­ket­ing Divi­sion. Ms. Hager­man earned her PhD on Pub­lic Pen­sion Fund Invest­ment in Urban Revi­tal­iza­tion from Oxford Uni­ver­sity, holds an M.A. in polit­i­cal sci­ence from the Uni­ver­sity of North Car­olina at Chapel Hill, and a B.A. from Buck­nell University.

Ms. Hager­man will focus on work­ing with DBL port­fo­lio com­pa­nies to artic­u­late and imple­ment their sec­ond bot­tom line prac­tices across work­force devel­op­ment, envi­ron­men­tal stew­ard­ship, com­mu­nity engage­ment, and com­pany sit­ing initiatives.

An impor­tant part of DBL’s invest­ment approach empha­sizes social, envi­ron­men­tal and regional eco­nomic ben­e­fits – what we call the sec­ond bot­tom line – as an intrin­sic part of our busi­ness phi­los­o­phy. Lisa’s expe­ri­ence and thought lead­er­ship in the grow­ing field of impact invest­ing are crit­i­cal to DBL as we fur­ther develop this prac­tice,” said Nancy E. Pfund, Man­ag­ing Part­ner, DBL Partners.

Patrick Sag­isi joins DBL as an Asso­ciate. Pre­vi­ously, he was a Direc­tor in the Cor­po­rate Audit Team of Sam­sung. Mr. Sag­isi brings over 15 years of expe­ri­ence in the soft­ware, con­sumer elec­tron­ics, semi­con­duc­tor, and med­ical diag­nos­tics indus­tries work­ing for such mar­ket lead­ers as Adobe Sys­tems, Xerox PARC and Ven­tana Med­ical Sys­tems. Mr. Sag­isi earned his MBA and M.S. Man­u­fac­tur­ing Sys­tems degrees from Stan­ford Uni­ver­sity, and holds dual B.S. degrees in Elec­tri­cal Engineering/​Computer Sci­ence and Mate­ri­als Sci­ence from the Uni­ver­sity Cal­i­for­nia at Berke­ley. He is also a three-​​time Olympian in swim­ming and was Guam’s Open­ing Cer­e­monies Flag-​​bearer in the 1996 Atlanta Sum­mer Games.

Sarah Ham began her ven­ture cap­i­tal career as an intern with DBL Part­ners and returned to the firm as an Asso­ciate after com­plet­ing her MBA from the Yale School of Man­age­ment, where she focused on entre­pre­neur­ship in devel­op­ing mar­kets, social inno­va­tion and invest­ments. Ms. Ham recently led the design of and chaired the inau­gural Yale SOM Edu­ca­tion Busi­ness Plan Com­pe­ti­tion. Prior to Yale, Ms. Ham was the finance direc­tor for a con­gres­sional cam­paign and a mar­ket­ing con­sul­tant with the Mar­ket­Bridge Cor­po­ra­tion. Ms. Ham received her B.A. from Stan­ford University.

With the recent $140 mil­lion clos­ing of our Fund II (backed by a mix of insti­tu­tional investors such as pen­sion funds, foun­da­tion investors, fam­ily offices, and banks receiv­ing Com­mu­nity Rein­vest­ment Act cred­its) we are con­tin­u­ing to strengthen the DBL team with tech­ni­cal and invest­ment tal­ent, and the abil­ity to pro­vide extra resources to our port­fo­lio com­pa­nies as they pur­sue their dou­ble bot­tom line strat­egy,” said Cyn­thia Ringo, Man­ag­ing Part­ner DBL Partners.

About DBL Partners

DBL Part­ners is a pio­neer of dou­ble bot­tom line ven­ture cap­i­tal, a new and grow­ing field of invest­ing that seeks to opti­mize both finan­cial return (First Bot­tom Line) and pos­i­tive social impact, includ­ing envi­ron­men­tal and regional ben­e­fits (Sec­ond Bot­tom Line). Based in San Fran­cisco, the firm focuses on clean­tech, IT, health care and sus­tain­abil­ity com­pa­nies in the west­ern United States. The firm’s port­fo­lio com­pa­nies, which include Bright­Source Energy, eMe­ter, Live­scribe, Pan­dora Media (NYSE: P), Rev­o­lu­tion Foods, SolarCity, Tesla Motors (NASDAQ: TSLA) and oth­ers have cre­ated more than 5,000 jobs. More infor­ma­tion about DBL Part­ners is avail­able at www​.dblpart​ners​.vc.

For more information:

Lisa Hager­man
lisa@​dblpartners.​vc
415.354.2862

Chris­tine Hin­ton
521 Com­mu­ni­ca­tions
christine@​5​2​1​comm.​com
415.939.0139