As an experienced investor and business developer, Adam Jiwan has traveled all over the world. With his passion for investing and business building, his career involved leadership positions at some of the most prominent investment management firms worldwide. Adam thrives in periods of financial stress, dislocations and misperceived growth opportunities in scouting for investment opportunities. He finds enjoyment in creating investment structures that satisfy the objectives of multiple constituencies and is a big believer in win0win outcomes.
Positions He Has Held
Before he became co-founder of Ridge Road Partners, Adam served as partner at TPG-Axon Capital Management, a multi-billion dollar global investment firm. He helped establish its European presence. After leading its London office, Adam also ran the company’s Asian hub based in Hong Kong. While working in the company, he made significant investments in both public and private companies across a wide range of industries and countries.
Throughout his career, Adam Jiwan has held several Board of Directors position. He was board member of Avant Inc., a leading US online lender. He served as non-Executive Chairman of Future Finance Loan Corporation. He also served as a Director of TSX-listed Alignvest Acquisition Corporation.
Before becoming a partner at TPG-Axon, he worked for Soros Fund Management as a public and private market investor. He reported directly to the Chief Investment Officer of Soros at that time. Prior to that, he was an analyst for Private Equity Group of Blackstone Group.
CEO of Spring Labs
Adam is currently serving as CEO of Spring Labs, which he also founded. Spring Labs is a Los Angeles start-up firm that aims to help financial institutions with identity verification. He founded the company with two former Avant executives—former Chief Risk Officer John Sun and Chief Compliance Officer Anna Fridman. Avant’s CEO Al Goldstein sits on Spring Labs’ board. The company raised $14.75 million in early-stage investment.
Solving Financial Data Security
Drawing inspiration from the Equifax hack that affected nearly 150 million customers, Spring Labs is currently trying to solve financial data security. Adam revealed that the company will be launching Spring Network in 2019. The platform will use blockchain technology to create a more secured data platform. It will use a distributed ledger where multiple companies and individuals will maintain a replica of networks, which will help prevent a single point of failure architecture that was present in the Equifax hack.
The platform will also address inefficiency. Adam says that Spring Network will streamline the loans process by getting financial institutions to share identity data with each other in a secure way.