Larry Wilson To Refocus On Insurance Technologies
Columbia, SC - The Trelys Funds, South Carolina's largest and most active early-stage venture capital firm, today announced that Larry Wilson will join Pequot Ventures, the venture capital investing arm of Pequot Capital Management, Inc., as a Venture Partner.
Along with Adrian Wilson (no relation), Larry Wilson co-founded Trelys in 2002. The fund has invested in a portfolio of eight companies in South Carolina and the surrounding region, of which Larry Wilson serves on the board of three. He will remain involved in those companies, but will no longer be a Managing General Partner of the fund.
"Trelys is serving a vital role in the growth of early-stage technology companies in South Carolina. As the largest individual investor in the fund, I am highly confident in the Trelys team and remain committed to the firm's success," said Larry Wilson. "My new role with Pequot offers me a better opportunity to return to my roots in building insurance and financial services technology companies."
Pequot Ventures, with more than $1.8 billion in committed capital, has its principal offices in New York City. Pequot Ventures has made several investments in the insurance industry, a sector in which Wilson has vast experience through his years at the helm of Policy Management Systems Corporation (later, Mynd). As a Venture Partner to Pequot, Wilson will primarily assist the firm in managing and further developing its insurance and financial services portfolio.
"I am excited for Larry," says Adrian Wilson, Managing General Partner of The Trelys Funds. "His service in helping launch Trelys was instrumental to our success, and the opportunity for him to refocus his efforts on insurance technologies with Pequot was simply too good for him to pass up."
BlueCross BlueShield of South Carolina is the leading institutional investor in Trelys. Ed Sellers, CEO of BlueCross and Chairman of the South Carolina Council on Competitiveness, says, "We are excited for Larry and remain firmly supportive of the Trelys team and its vision. I believe Trelys is playing a significant role in helping to develop a knowledge-based economy in South Carolina."
Larry Wilson co-founded The Trelys Funds in 2002. He assists with Trelys' technology practice and, in this capacity, serves on the board of directors of Unitrends Corporation (as Chairman), Ometric Corporation, and TriVirix, Inc. Mr. Wilson is the founder and former Chairman of the Board, President, and Chief Executive Officer of Mynd Corporation (originally named Policy Management Systems Corporation). Mynd, which merged with Computer Sciences Corporation in December of 2000, was a leading provider of application software, related automation support and outsourcing services for the global insurance and financial services industries.
Mr. Wilson currently serves on numerous civic and charitable boards, including the South Carolina Research Authority, Palmetto Institute, USC Research Campus Foundation, EngenuitySC, Columbia College, Allen University and the Palmetto Health Foundation. He helped to found the South Carolina Next Energy Initiative and continues to lead the resulting effort as Co-Chair. Mr. Wilson holds an undergraduate degree in marketing and a Master of Business Administration degree from the University of South Carolina, where he has been named a Distinguished Alumnus.
Organized in 2002, The Trelys Funds is an early-stage venture capital firm headquartered in Columbia, South Carolina. From this central location, the fund partners with leading scientists, engineers and entrepreneurs to turn industry-changing technologies into high value companies. The founding investors of The Trelys Funds include BlueCross of South Carolina, BB&T Corporation, Carolina First Bank, First Citizens Bank, Palmetto Health Alliance Foundation, the Clemson University Foundation, and the Medical University of South Carolina Foundation.
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