Steinwedell Departs AIC Ventures

Austin Business Journal - January 11, 2010

AIC Ventures Managing Partner David Steinwedell, who closed more than $375 million during his tenure, resigned from the company Friday.

The company said the executive left to pursue real estate opportunities. He joined AIC as managing partner of acquisitions in January 2008 and helped grow assets to more than $750 million.

“Steinwedell helped AIC to further entrench AIC’s position as the preeminent provider of middle market sale leaseback capital by driving record acquisition volumes during a difficult economic environment and expanding our presence into new markets that were untapped prior to David’s tenure. We wish him the best in his new endeavors.” AIC President Peter Carlsen said.

AIC employs 40 and has completed transactions worth more than $1 billion in 28 states. Sphere: Related Content