General Partners

As a successful financial services CEO, Denny created more than $7 billion in realized shareholder value. During his 32-year career in banking, he led or was intimately involved with 29 acquisitions that included banks, payment processing companies, investment management, broker dealers and financial services technology companies such as healthcare payment and claims processing companies.

Denny has been the key executive of four banks. He was President and then Chairman and CEO of Commerce Union which he sold to Sovran Financial Corporation. He was Vice Chairman and Chief Operating Officer of the merged Commerce Union and Sovran Bank, the 34th-largest bank in the U.S. with a market capitalization of $2 billion. He merged Sovran with C&S Corporation to form C&S Sovran, the 12th-largest bank in the U.S. with $49 billion in assets. As President and Chief Operating Officer of C&S Sovran, he merged that bank with NCNB Corp. to form NationsBank, creating the third-largest bank in the U.S. with assets of $118 billion. Later, he became President and CEO of First American National Bank, Inc. and led that bank from a net loss to a sale to AmSouth for $6.4 billion, creating one of the nation's 20 largest banks. With the merger of First American and AmSouth, he became Chairman of AmSouth which he left in 2000 to form Council Ventures.

His corporate board experience includes serving as a member of the Board of Directors of 11 companies from pre-revenue startups to Fortune 500 companies, including two healthcare companies, four financial services companies, four early-stage or startup companies, four technology companies and four venture-backed companies with over $82 million of invested venture capital. In 2007, as Chair of the Strategic Planning Committee of the Board of Directors of Dollar General Corporation, he oversaw the process that culminated in the sale of Dollar General to Kohlberg Kravis Roberts & Co. for $7 billion cash. As Vice Chair of the Vanderbilt University Board of Trustees, a board he joined in 1991, Denny has twice chaired the search committees for the Chancellor, including the most recent search concluded in early 2008. In 2006, he was appointed by the President of the United States to the board of the Tennessee Valley Authority, the nation's largest public utility. This nine-member board is overseeing the TVA governance transition from an operating board to a policy board. As Chair of the Finance, Strategy and Rates Committees, he facilitated the development of a 20-year strategic plan for TVA.

Denny is presently a member of the Board of Fund I portfolio company Benefit Informatics, as well as Ingram Industries, Inc., and the Tennessee Valley Authority. Denny is Vice Chairman of Vanderbilt University and non-Executive Chairman of CapStar Bank (in organization). He was previously a member of the Board of Fund I portfolio companies Lancope, MEMX and AppForge.