About Us

Equality is a next-generation private equity firm.

At Equality, we are value-added partners with deep sector expertise in technology and healthcare, and a passion for helping to build exceptional growth companies.  

We are committed to holding our investments over the long term and aligning the interests of our limited partners, our management teams, and the employees and partners of Equality. With this focus and with discipline, Equality can have a lasting and positive impact on the companies we serve.

Thomas S. Roberts
Founder and CEO

Our Focus

At Equality, we help exceptional companies grow.

Equality provides tailored capital solutions and strategic and operating support to companies with long term growth potential. We typically invest $50M to $300M of capital per company for growth equity or to support shareholder transitions.

  • Technology

    Applications and infrastructure software, data and information services, and other tech-enabled growth businesses.

  • Healthcare

    Services and technology serving the healthcare and life sciences industries.

Our Experience

We have earned our reputation for being a steadfast partner to CEOs over many years.

Collectively, our investment team has more than ninety years of investment and operating experience in global growth companies.

In addition to working side by side with Founders and CEOs, our team has served on the Board of Directors of over fifty private companies and ten public companies in the technology and healthcare sectors.

Tom was Board Chair and hired me as CEO. We worked shoulder to shoulder to grow AmeriPath from the ground up. From negotiating our first acquisition, to due diligence, to financing subsequent deals and ultimately to an IPO, Tom helped me build AmeriPath from a small, single-location lab into a successful two-billion-dollar business.

Jim New
Former CEO, AmeriPath

Gabriel is the main reason I sold a majority stake in my family business to a private equity firm. His professionalism, energy, style and sense of duty to my concerns clearly distinguished him among his peers. I would love the opportunity to do another deal with Gabriel and his team.

Bruce Bartlett
Bartlett Nuclear

Ned was clearly in tune with what we were building at Muve, and rolled-up his sleeves to help us execute our vision. Ned’s deep experience in healthcare made a significant impact on the trajectory of our business.

Marshall Maran
CEO and President, Muve

Our Team

The Equality team is known for creating value and forging lasting relationships with Founders and CEOs of market-leading companies.

Wendy Cebula>
Equality
Wendy Cebula

Wendy is an Operating Partner of Equality.

Why I joined Equality
I have a passion for helping to develop people, process and technology to create amazing value for customers and to drive growth for companies, employees and investors. Equality has a focused investment strategy, strong and diverse team and a true partnership approach. At Equality, operating partners begin engaging during the diligence process and work side-by-side with deal team members to create an investment thesis and share ownership for it. This allows us to develop a deep understanding of the businesses we support and to develop trusted relationships with management early in the process.

Prior Experience
Wendy has more than twenty years of operating experience in high growth technology enabled businesses, both public and private. She has also served on Boards for Private Equity backed companies.

Prior Firms
• edX
• Vistaprint (Cimpress)
• MotherNature.com
• Partners First

Education
• Rochester Institute of Technology

Tara Ciongoli>
Equality
Tara Ciongoli

Tara is a Co-Founder and Chief Operating Officer of Equality.

Why I joined Equality
Equality’s mission, to build a world class private equity firm that partners with CEOs to build a small number of exceptional companies for the long-term spoke compellingly to me, and brought me back to what I loved most about my past professional experiences, specifically helping companies grow and thrive. Helping to build a team of exceptionally talented and diverse individuals similarly inspired by that mission has been the best part.

Prior Experience
Prior to co-founding Equality, Tara spent a decade in management consulting, business development, and professional development. Tara began her career at McKinsey & Company, where she worked for eight years, focusing on strategy and organization work for primarily financial services clients. Previously, Tara worked at Time Inc. Interactive, and with two investment firms as a Summer Associate, Lone Pine Capital and Venturehouse Group.

Prior Firms
• McKinsey & Company
• Venturehouse Group
• Lone Pine Capital
• Time Warner/ Time Inc.

Education
• Harvard Business School
• Princeton University

Jeff Del Papa>
Equality
Jeff Del Papa

Jeff is a Co-Founder and Managing Director of Equality, and leads Equality’s Technology Team.

Why I joined Equality
The opportunity to combine efforts and team up with former colleagues to build Equality was very exciting to me. At Equality, we have assembled a very strong team of experienced investors and former operating professionals with an exceptional track record of supporting high potential, market leading companies. We have an exciting opportunity to form long term partnerships with management teams and have built a firm that brings resources and the alignment to support long term growth.

Prior Experience
Jeff has more than fifteen years of private equity experience and has partnered with management teams to complete buyout, growth equity, carve out and take private transactions.

Prior Firms
• TA Associates
• Thoma Bravo
• Summit Partners
• UBS Investment Bank

Education
• Harvard Business School
• Babson College

Gabriel Gomez>
Equality
Gabriel Gomez

Gabriel is a Co-Founder and Managing Director of Equality.

Why I joined Equality
Co-founding and starting a premier private equity firm with former colleagues that share the same vision and values is a dream come true. Equality’s unique strategy of truly investing for the long-term and partnering with management teams and companies in a collaborative manner is what I enjoy most. In addition, helping Equality build a strong commitment to diversity and collegial teamwork culture has been my passion since my time in the U.S. Navy.

Prior Experience
Prior to co-founding Equality, Gabriel spent over twelve years in private equity at Advent International and Summit Partners in a variety of roles and industries. He also co-founded O2X, an education and training company focused on maximizing human performance. Gabriel also ran for the U.S. Senate in MA where he won the Republican primary in a special election before losing the general election. Additionally, Gabriel worked in mergers and acquisitions at Bowles Hollowell Conner & Co. Before business school, Gabriel spent almost nine years in the U.S. Navy as an aircraft carrier pilot and Navy SEAL platoon commander.

Prior Firms
• O2X
• Advent International
• Summit Partners
• Bowles Hollowell Conner & Co.
• U.S Navy (aircraft carrier pilot and Navy SEAL)

Education
• Harvard Business School
• U.S. Naval Academy

Oscar Loynaz>
Equality
Oscar Loynaz

Oscar is a Vice President on Equality’s Technology team.

Why I joined Equality
I joined Equality because it afforded me the opportunity to pursue a differentiated approach to private equity investing with a team that I am humbled to be a part of. Equality’s focus on a small number of longer-term investments provides a platform for the Equality team to establish deep relationships with management teams. Building these relationships with a group of investors and operating professionals that I can learn from and grow with over time is extremely exciting to me.

Prior Experience
Prior to joining Equality, Oscar had three years of private equity investing experience focusing on companies in the growth and buyout stages. Prior to private equity, Oscar had two years of investment banking experience.

Prior Firms
• TA Associates
• J.P. Morgan

Education
• Harvard Business School
• Princeton University

Shawn McGowan>
Equality
Shawn McGowan

Shawn is an Operating Partner focused on Equality’s Technology Team.

Why I joined Equality
As a passionate operator and technologist at heart, I was inspired by the idea of working with a collection of diverse and talented companies. I believe companies excel when they balance their focus on platform and product, operations, commercials, and culture. I look forward to helping shape and promote this balance across the Equality portfolio, creating value for team members, customers and investors.

Prior Experience
Shawn has more than twenty years of operating experience and has extensive experience in software and tech enabled service companies. Shawn has had roles as CTO, COO and CEO. Shawn was most recently CEO of Scribe Software.

Prior Companies
• TIBCO
• Scribe Software
• Amadeus Hospitality
• Newmarket International
• ManagedOps.com
• Elderhostel

Education
• Northeastern University Business School (MBA)
• Northeastern University (State of the Art, Computer Science)
• Plymouth State College

Tom Roberts>
Equality
Tom Roberts

Tom is the Founder and CEO of Equality. Before founding Equality, Tom served as Managing Partner and Managing Director for Summit Partners, a top global private equity firm with over $15 billion in assets. During Tom’s 28-year career at Summit, in addition to Managing Partner and Managing Director, Tom served as Summit Partners Board Member, Executive Committee Member, Investment Committee Member, and Operating Committee Member. Tom also created and led Summit’s Portfolio Performance Group and co-founded Summit’s Credit Business. During his tenure, Tom led Summit with a strong track record in both firm-building and investing.

Prior to Equality and Summit, Tom received an AB in Economics from Princeton University, magna cum laude, and an MBA from Harvard Business School, where he was a Baker Scholar. Tom currently serves as a Trustee of Princeton University, and is a Trustee Emeritus of The Fessenden School in West Newton, MA. Previously Tom served three years as President of the New England Venture Capital Association (NEVCA). Tom and his wife Kristen have four children and live in Wellesley, Massachusetts.

Chase Rosa>
Equality
Chase Rosa

Chase is an Analyst at Equality.

Why I joined Equality
I’ve always had an interest in both investing and in learning how to help companies grow and thrive for the long-term. Not only does working at Equality fulfill these interests, it also provides me with the opportunity to get in on the ground floor and work with a group of exceptionally successful individuals inspired to build a next-generation private equity firm. It was an easy decision to join the Equality team.

Prior Experience
Prior to Equality, Chase interned at Search Fund Accelerator in Boston, focusing on lead generation and investment due diligence within the High Tech, Aerospace, and Defense industries. Previously, Chase interned at Prime Buchholz in Portsmouth, NH.

Prior Firms
• Search Fund Accelerator
• Prime Buchholz

Education
• Bentley University

Ned Schwartz>
Equality
Ned Schwartz

Ned is a Co-Founder and Managing Director of Equality, and leads Equality’s Healthcare Team.

Why I joined Equality
Entrepreneurialism runs deep in my family. It’s why I’m excited to partner with exceptional management teams to help grow their businesses over the long-term. The opportunity to help build an innovative, forward-leaning private equity firm is extremely compelling to me. It’s the natural evolution of everything I’ve done in my investing career. At Equality, we consider ourselves “invited guests” to support market leading companies with an atypical degree of alignment,  durable partnerships with qualities similar to those of the companies with whom we seek to partner.

Prior Experience
Ned has more than ten years of private equity experience and has partnered with management teams to complete buyout, growth equity, carve out and venture capital transactions.

Prior Firms
• Drive Capital
• Norwest Venture Partners
• General Atlantic
• Credit Suisse

Education
• Princeton University

Our Advisory Board

Our Advisory Board members provide diversity of thought, disciplines, industries, and backgrounds.

José Alvarez>
Advisory Board
José Alvarez

José Alvarez is a leading expert in supply chain management logistics, marketing, and retail strategy. He is currently a member of the faculty at Harvard Business School. José most recently served as President and CEO of Stop & Shop, a subsidiary of Royal Ahold.  Previously, he worked with Shaw’s Supermarkets, American Stores Company and Jewel Food Stores. José also served as a Board Director of TJX Companies for eleven years. José serves on the Board of Trustees of Princeton University and Daily Table and is Chairman of the Board of the Joyce Foundation. José earned an MBA from the University of Chicago, and an AB degree in History from Princeton University.

José most recently served as President and CEO of Stop & Shop, a subsidiary of Royal Ahold, NV. Previously, he worked with Shaw’s Supermarkets, as Vice President of Grocery Merchandising, and with American Stores Company and its subsidiary Jewel Food Stores, where he was Director of Market Research, Manager of Supply Chain Engineering, and Produce Category Manager.   In his nearly 20-year career in the supermarket industry, José led across nearly every functional area of retail management.

José served as a Board Director of TJX Companies, the world’s premier off-price retailer of apparel and home fashions, from 2007 until 2018. He also currently serves as a Director at United Rentals, the largest equipment rental company in North America, where he is chair of the Nominating and Corporate Governance Committee.  José also serves on the Board of Trustees of Princeton University and Daily Table and is chairman of the board of the Joyce Foundation.

José earned an AB degree in History from Princeton University and an MBA from the University of Chicago.

 

Kim Goodwin>
Advisory Board
Kim Goodwin

C. Kim Goodwin is a highly accomplished and sought-after CEO, CIO, portfolio manager, and Board Director. Kim currently serves as CEO and Chief Investment Officer of Avanico Holdings in Puerto Rico. Previously Kim served as the Global Head of Equities for Asset Management at Credit Suisse Group, and as Chief Investment Officer of Equities and Managing Director of State Street Research. She also served as the CIO of U.S. Growth Equities at American Century Investment Management, and SVP and Portfolio Manager of Putnam Investment Management, and as VP and Portfolio Manager of Prudential Investments.

Kim has served in numerous Board Director roles and is currently a Non-Executive Director of PineBridge Investments, and an Independent Director of Popular Inc (BPOP) based in Puerto Rico. Previously, Kim served for many years on the board of Akamai Technologies Inc, along with CheckFree Corporation (acquired by FiServ in 2005), and as Director of various equity funds within the Allianz Global Investors family of funds. Kim also serves on the Board of Trustees and on the PRINCO endowment board of Princeton University.

Kim holds two Master’s degrees from the University of Texas at Austin: an M.B.A. degree in Finance from The McCombs School of Business and a Master of Public Affairs from The Lyndon B. Johnson School. Kim graduated with an AB cum laude in Politics from Princeton University.

Brent Henry>
Advisory Board
Brent Henry

Brent has spent over thirty years advising health care clients on complex strategic, legal, and regulatory issues. Brent is a member in the law firm of Mintz Levin, Cohn, Ferris, Glovsky and Popeo P.C., and currently serves as the Vice Chair of the Princeton University Board of Trustees.

Previously, Brent was Vice President and General Counsel of Partners HealthCare, the largest hospital network in New England, with more than 70,000 employees and $12 billion in annual revenue. In that capacity, Brent oversaw the legal, internal audit, corporate compliance, and business ethics departments. Previously, he was Vice President and General Counsel at MedStar Health, a hospital system serving the Baltimore and Washington DC area. While at MedStar, Brent also taught health care law at both Howard University and the University of Maryland. Previously, Brent served as President of the American Health Lawyers Association, as Board member of Fiduciary Trust Company, and as Board Member of the Boston Symphony Orchestra.

Brent earned his AB from Princeton University’s Woodrow Wilson School of Public and International Affairs, his J.D. degree from Yale Law School, and a Master of Urban Studies from the Yale School of Art and Architecture.

Jay McGonigle>
Advisory Board
Jay McGonigle

Jay has a thirty-year plus track record of leading, advising, and growing successful companies. Jay is the Lead Outside Director of FactSet Research Systems Inc. (NASDAQ: FDS) a provider of software and information to the financial services industry, where he has served for fifteen years.  Before joining FactSet, Jay served as Chairman and CEO of the Corporate Executive Board Co. (NASDAQ: EXBD), a leading provider of best practices research and analysis, focusing on corporate strategy, operations, and general management issues, which he led through its spin-out in 1997 and IPO in 1999. Previously, Jay served as a consultant for McKinsey & Company in New York.

Jay has served as board member, angel investor, and senior advisor to numerous top information services companies.  Jay served as a Board Member for SNL Financial, a provider of software and information services to the banking, real-estate, energy and media industries. Jay also serves as Advisory Board member at Motista, Inc. a provider of real-time information on customer “emotional connection” to marketers and brand managers in several industries. Jay also served as a Board Member of Ogone, a Brussels, Belgium-based online payments processing company serving retailers across Europe, and as a Director at Payscale, a company collecting, processing and disseminating compensation-benchmarking information through a SAAS model.  Jay has served as an Adjunct Professor at Georgetown University’s McDonough School of Business, and a Visiting Professor at ESADE Business and Law School in Barcelona.

Jay earned an AB from Princeton University’s Woodrow Wilson School of Public and International Affairs, and a J.D. from Harvard Law School.

Susie Mulder>
Advisory Board
Susie Mulder

Susie has been both a CEO and a counselor to CEOs, for over twenty years. Susie is known as an exceptional growth-leader, people-leader, and creative thinker both with CEOs and her teams.

Susie is currently the Chief Executive Officer of NIC+ZOE, a privately-held woman’s apparel company, a role she has held since April 2012. Under Susie’s leadership, the NIC+ZOE brand has grown its wholesale footprint, has introduced and expanded the e-Commerce platform, opened multiple new NIC+ZOE branded retail locations, and diversified the product lines. Prior to joining NIC+ZOE, Susie was a Senior Partner with McKinsey & Company where she was a leader in the retail and consumer practice for fifteen years, specializing in marketing and organization. Well-known as one of the top mentors in the Firm, she led many of the Firm’s most successful recruiting efforts. Currently, Susie also serves on the Board of Directors of Sally Beauty, the world’s largest distributor of professional beauty supplies, where she serves on both the Compensation and Governance committees. Susie is also a member of the Board of Overseers of Boston Children’s Hospital.

Susie received her MBA from the Harvard Business School with distinction, and holds a Bachelor of Commerce degree with great distinction from McGill University in Montreal, Quebec.

Luis Ubiñas>
Advisory Board
Luis Ubiñas

Luis Ubiñas is a well-known leader in the telecommunication, technology, and media industries.  Luis has led CEOs of Fortune 100 companies and significant nonprofit organizations for several decades.

Luis  is currently President of the Board of Trustees of the Pan American Development Foundation, which invests $100 million in development projects in Central and South America and the Caribbean. Luis also serves on several multilateral, governmental and nonprofit boards and advisory committees, including the Advisory Board of the United Nations Fund for International Partnerships, the New York Public Library, where he serves as co-chair of the Nominating Committee and on the Executive Committee, and the Statue of Liberty-Ellis Island Foundation, where he serves as Vice Chairman.  In the private sector, Luis is Lead Director at Electronic Arts, and serves on the Boards of CommerceHub, the publicly traded e-commerce backbone company, Boston Private Financial Holdings, the publicly traded banking and wealth management firm, GFR Media, the largest media company in Puerto Rico, and Shorelight Education.

Luis served as president of the Ford Foundation from 2008 through 2013. The Foundation is the second largest in the United States with an endowment of $12 billion and operates worldwide, with offices in Asia, Africa, and Central and South America.  While at the Foundation, he led a broad-based restructuring of the organization, including a strategic resetting of its strategies and operating programs, reinvestment of over 80% of the endowment, and a rebuilding of facilities, systems and cost base.  Prior to leading the Ford Foundation, Luis was a Director at McKinsey & Company, leading the firm’s media practice on the West Coast. Much of his work focused on the opportunities and challenges represented by the global growth of broadband and wireless technologies and applications.

Luis is a graduate of Harvard College, where he graduated magna cum laude and was named a Truman Scholar, and Harvard Business School, where he was a Baker Scholar.  He is a Fellow of the American Academy of Arts and Sciences and a member of the Council on Foreign Relations.  He has published extensively, including articles and opinion pieces in The New York Times, Wall Street Journal, Fortune and a range of other publications in the United States and abroad.

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