Jim is the General Partner of Early Stage Partners.
Mr. Petras has, since 1993, been President and a Managing Director of Capital One Partners LLC, a Cleveland-based private equity firm and the Managing General Partner of the Early Stage Partners Funds. These funds actively manage a portfolio of over 25 active early stage companies representing in excess of $100 million of investor capital commitments. Early Stage Partners focuses on Ohio and Michigan’s most promising industry clusters, including medical devices, IT, instrumentation, controls and electronics (ICE), advanced materials, and alternative energy. Mr. Petras has been involved in virtually all of the transactions that Capital One and Early Stage Partners have undertaken, and he serves as Chairman or a Director for many of their portfolio companies, notably Terresolve Technologies Ltd., Simbionix USA, Ovation Polymers, EcoSmart Technologies, Inc., Blue Spark Technologies, Arisdyne Systems, Intelligent Clearing Network, and LineStream Technologies.
Prior to forming Capital One, Mr. Petras formed Cleveland-based Wolfensohn Ventures, L.P., a $50 million investment fund in 1988. Wolfensohn Ventures sourced, structured, and managed middle market equity investments and was funded by former Australian billionaire and media entrepreneur, Kerry Packer. Mr. Petras also founded and staffed a successful venture unit based in Cleveland for Citicorp. While at Citicorp Mr. Petras, through a succession of executive positions, earned a Senior Credit Officer designation and managed a region of Citicorp's leveraged lending business with offices in three states, a portfolio in excess of $1,240,000,000 and a team of over 100 professionals.
Mr. Petras is a recipient of the 2006 Ernst and Young Entrepreneur of the Year Award for Northeast Ohio, a graduate of Oberlin College (B.A. 1974) and the University of Michigan (M.A. and M.B.A. 1978) and a member of the Ohio and Illinois Societies of CPAs, the AICPA as well as the Cleveland Chapter of the World President's Organization (WPO), a former member of the Young President’s Organization (YPO), former Chairman of the Board and present Director of the YMCA of Greater Cleveland and a Trustee of St. Edward High School in Lakewood, OH.
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Area of focus: All areas
Boards: Blue Spark, EcoSmart, Simbionix, Arisdyne, OPTEM, Linestream, ICN
Interesting fact: Studied Chinese, in addition to Business, at the University of Michigan