Top 50 Rising Stars 2021 continued (in alphabetical order by CVC unit): Maxwell Swicegood, vice-president, and Min Park, director, Wells Fargo Strategic Capital
Max Swicegood is a vice-president for Wells Fargo Strategic Capital (WFSC)’s technology division, the bank’s principal investment group, where he specialises in venture, growth equity and private equity investments across an array of software and tech-enabled subsectors. Swicegood has been part of Strategic Capital for nearly two years.
Min Park is a director at the unit, where he is also part of the principal technology investments team, which focuses on technology venture capital, growth equity and buyouts, and invests directly from the bank’s $1.9 trillion balance sheet. Park has worked on a wide range of subsectors, including enterprise software, consumer internet, financial technology, agrifood technology and real estate technology.
Swicegood believes companies that are fundamentally reshaping how the enterprise conducts business make for the most exciting investments. Corporate venture capital (CVC) has allowed Swicegood to invest in companies that are doing just that, but in an environment where he can see and experience the impact firsthand.
Park added: “CVC has the potential to provide meaningful, differentiated value-add to portfolio companies through the parent company’s ecosystem and resources. Especially at Wells Fargo, the bank’s vast network of relationships, institutional knowledge and resilient balance sheet can provide value across a company’s lifecycle, from its earliest stages to a hopeful initial public offering and mergers and acquisitions.”
Swicegood and Park were on the deal team for the series D of Reonomy, a commercial real estate data platform, and helped lead the series C financing for Mynd, a tech-enabled property management company. Both of these investments were in the proptech sector and allowed his deal team to leverage Wells Fargo’s real estate presence and expertise for the diligence process. In addition, Park’s deals included working space provider Industrious, on-demand storage company Clutter and enterprise asset management software platform Sitetracker.