Investments
94Portfolio Exits
20Service Providers
1About CNF Investments
Established in 1997, CNF is the Clark Enterprises affiliate that actively invests in venture capital and private equity. CNF partners Robert Flanagan and Joe Del Guercio manage over $170 million in capital with current investments in life sciences, oil and gas, technology, telecommunications, and alternative energy.CNF focuses on early and growth stage companies but will consider investments in later stages and selective public investments as well. CNF looks to partner with other venture capital and private equity firms and is an active investor providing strategic advice to its management teams.
CNF Investments Headquarter Location
7500 Old Georgetown Rd 15th Floor
Bethesda, Maryland, 20814,
United States
(301) 657 7100
Latest CNF Investments News
Jun 9, 2022
Regent Education, the leading provider of Software as a Service (SaaS) solutions that automate and simplify the financial aid process for higher education institutions offering traditional and nontraditional enrollment models, today announced a significant growth equity investment led by Attain Capital Partners, with participation from Regent’s current lead investors Chrysalis Ventures, CNF Investments LLC, and New Markets Venture Partners. The company also announced that Greg Baroni, Founder and Managing Partner of Attain Capital Partners, will serve as Chair of the Regent Education Board of Directors. Attain Capital Partners is a private equity firm which invests in expansion and growth-stage companies with innovative, technology-enabled solutions. A tech entrepreneur himself, Baroni helped launch a distributed learning group known as Blackboard—now part of Anthology—that became a first-mover and an industry leader. He has led a diverse portfolio of successful businesses throughout his career, including KPMG Consulting, Unisys, and more recently, Attain, LLC, selling the company’s federal business division in 2021. He also is the Founder and Chief Executive Officer of Attain Partners and Attain Sports and Entertainment. “When it comes to financial aid software, there is none better than Regent. Their comprehensive, cloud-based solution enables institutions to improve business operations and mitigate compliance risks—all while improving the student experience, which is so essential to expanding access to an affordable post-secondary education,” said Baroni. “We look forward to collaborating with the Regent team as we grow the company and continue to simplify the most complex financial aid scenarios for our clients and the students they serve,” he continued. “Attain Capital brings a rich understanding of higher education, and their guidance and investment provides considerable support to assisting Regent’s continued growth, scale, and financial aid product innovation,” said Jim Hermens, CEO of Regent Education. “Together, we look forward to accelerating Regent’s forward-leaning solutions for the education industry,” he said.
CNF Investments Investments
94 Investments
CNF Investments has made 94 investments. Their latest investment was in Regent Education as part of their Series D - III on May 5, 2022.
CNF Investments Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/19/2022 | Series D - III | Regent Education | $4M | Yes | 2 | |
5/6/2021 | Unattributed VC | Svelte Medical Systems | $5.45M | No | 1 | |
7/11/2019 | Unattributed VC - III | SnagFilms | $7.4M | No | 1 | |
2/28/2019 | Series C | |||||
1/4/2018 | Unattributed VC - II |
Date | 5/19/2022 | 5/6/2021 | 7/11/2019 | 2/28/2019 | 1/4/2018 |
---|---|---|---|---|---|
Round | Series D - III | Unattributed VC | Unattributed VC - III | Series C | Unattributed VC - II |
Company | Regent Education | Svelte Medical Systems | SnagFilms | ||
Amount | $4M | $5.45M | $7.4M | ||
New? | Yes | No | No | ||
Co-Investors | |||||
Sources | 2 | 1 | 1 |
CNF Investments Portfolio Exits
20 Portfolio Exits
CNF Investments has 20 portfolio exits. Their latest portfolio exit was AgilQuest on January 12, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
1/12/2022 | Acquired | 1 | |||
3/2/2021 | Acquired | 12 | |||
12/5/2018 | Acquired | 1 | |||
Date | 1/12/2022 | 3/2/2021 | 12/5/2018 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 12 | 1 |
CNF Investments Service Providers
1 Service Provider
CNF Investments has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Counsel | General Counsel |
Service Provider | |
---|---|
Associated Rounds | |
Provider Type | Counsel |
Service Type | General Counsel |
Partnership data by VentureSource
CNF Investments Team
4 Team Members
CNF Investments has 4 team members, including current President, Chief Operating Officer, Lawrence C. Nussdorf.
Name | Work History | Title | Status |
---|---|---|---|
Lawrence C. Nussdorf | President, Chief Operating Officer | Current | |
Terri D. Klatzkin | Senior Vice President | Current | |
Joseph Del Guercio | LPL Financial, Robertson Stephens Partners, and Goldman Sachs | Managing Director | Current |
Robert J. Flanagan | Managing Director | Current |
Name | Lawrence C. Nussdorf | Terri D. Klatzkin | Joseph Del Guercio | Robert J. Flanagan |
---|---|---|---|---|
Work History | LPL Financial, Robertson Stephens Partners, and Goldman Sachs | |||
Title | President, Chief Operating Officer | Senior Vice President | Managing Director | Managing Director |
Status | Current | Current | Current | Current |
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