Leo de Luna Joins Split Rock Partners as a Principal

MINNEAPOLIS, and MENLO PARK, Calif., Sept. 7, 2011 /PRNewswire/ -- Split Rock Partners, a venture capital firm focused on software, Internet services, and healthcare is pleased to announce that Leo de Luna has joined the firm as a Principal in its Menlo Park office.  Mr. de Luna will be identifying, evaluating and managing new later stage and secondary opportunities.

Mr. de Luna most recently served as a Vice President at Saints Capital, a firm specializing in secondary direct investments, where he sourced, executed and monitored various investments since 2005.  Mr. de Luna's prior experience includes early-stage investing at Split Rock Partner's predecessor firm, St. Paul Venture Capital, technology investment banking at Lehman Brothers, and corporate development at Advanced Micro Devices.  In addition, he was a Lieutenant in the Singapore Army where he served as a platoon commander.  Mr. de Luna earned his BBA in Business Honors and Finance from The University of Texas at Austin and received his MBA from the Haas School of Business at the University of California, Berkeley where he was selected to be a Price Institute Venture Capital Fellow.

"Leo brings a wealth of experience investing in growth stage companies - both through primary investments and via the secondary direct market - and will add that focus to our team," said Jim Simons, a Split Rock Managing Director.  "We've been tracking the strong growth of opportunities that include both primary and secondary components, and Leo has successfully led significant investments that embody these features at Saints Capital, a pioneering firm in the space.  Having worked with Leo at St. Paul Venture Capital, we are excited to have such a talented contributor back on the team."

"I am ecstatic to rejoin the Split Rock team, led by a group of partners I have known for over a decade.  The Split Rock team believes that adding secondary capabilities to the organization expands the tools with which we can support entrepreneurs and co-investors while generating strong returns.  I can't think of a more compelling opportunity or better fit for me," said Mr. de Luna.

About Split Rock Partners

Split Rock Partners, with offices in Minneapolis and Menlo Park, seeks emerging opportunities in software, Internet services and healthcare.  Since 2005, Split Rock has raised $575 million over two funds.  Representative companies backed by Split Rock's team include 8thBridge, Ardian, Atritech, Compete, eBureau, Evalve, Flycast Communications, HireRight, Intacct, LowerMyBills, MyNewPlace, QuinStreet, SPS Commerce and Tornier. Additional information about the firm can be found at www.splitrock.com.

SOURCE Split Rock Partners