Ada Shelegova
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Hey Ada — congrats on launching Spica. Similar IB → PE background here — been deep in search fund origination lately. Would be good to connect.
Hey Ada, similar background, weirdly — I'm from Zimbabwe, did growth equity in London, not launching a search fund like Spica. most funds I talk to have a database — PitchBook or Grata — maybe a CRM, and then the origination setup is mostly Excel and email from there. but proprietary deal flow still feels thin. thesis, network, and intelligence never sync into one system — so origination resets every cycle instead of compounding. does origination look different at Spica? — Russ
Hey Ada, similar background, weirdly — I'm from Zimbabwe, did growth equity in London, not launching a search fund like Spica. most funds I talk to have a database — PitchBook or Grata — maybe a CRM, and then the origination setup is mostly Excel and email from there. but proprietary deal flow still feels thin. thesis, network, and intelligence never sync into one system — so origination resets every cycle instead of compounding. does origination look different at Spica? — Russ
hey Ada — one more thought on origination. after hitting this wall myself doing growth equity, I ended up building origination infrastructure for funds full-time — Mentmore Capital, Axiom Equity, Noble Rock, a few others. at my old fund we had a solid stack and smart people, and origination still restarted from scratch every cycle. the funds who systematise it early end up compounding deal flow — the ones who don't keep resetting. curious if Spica has cracked that or if it's the same pattern. — Russ
hey Ada — no stress on any of this. we documented the origination infrastructure we've built across funds — tech stack, workflows, prompts. free to share if it'd be useful at Spica. either way, I'm around if origination ever becomes a conversation worth having. — Russ
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Prospect Research
## PROSPECT INFORMATION: Name: Ada Shelegova Title: Founder & Principal Fund: Spica Capital Background: Prospect Summary: Ada S. Current Focus: Founder and leader of Spica Capital, an entrepreneur-led search fund based in Miami. She is actively seeking to acquire and operate a single, high-quality American business. Professional Background: Ada has a strong background in finance and investment. Her previous roles include Vice President at Datavest Partners (Private Equity), Investment Banking Associate at Lazard (Technology, Media & Telecommunications), and an MBA internship at Microsoft in Business Development Finance. She also has a background in accounting and audit, having worked as a Senior Associate at PwC. She holds an MBA from the University of Michigan - Stephen M. Ross School of Business and has both BS and Master’s degrees in Economics and Accounting from Baikal State University. She is a former CPA (inactive) and holds FINRA Series 79 and SIE certifications. Key Skills & Themes: Private equity, M&A, business operations, financial analysis, tech enablement for e-commerce, and investment strategy. She identifies as an immigrant entrepreneur inspired by a family legacy of business ownership. Key Posts for Outreach Hooks: 1. March 22, 2024: "I am thrilled to announce the official launch of Spica Capital, an entrepreneur-led investment firm founded to acquire and operate one exceptional business... Today marks a pivotal day that I follow in her [my mother's] footsteps and embark on a journey of my own to find one great American company to buy and operate." 2. August 10, 2018: "Underwater data centers + live fish cams = strangely soothing experience" 3. July 14, 2018: "Microsoft Intern Signature Event was a success! Summer highlight of so many more! #microsoftlife #microsoftinterns2018" Fund details: - Description: Spica Capital is an entrepreneur-led investment fund seeking to acquire and operate one exceptional business for the long-term. We are committed to preserving the legacy of one founder, and will take on a full-time operating role post-transition to lead the business to the next horizon of growth. We are backed by a group of entrepreneurs, established executives and institutional investors, who have extensive experience in partnering with and growing small businesses. If you're looking to transition your business, or know someone we should talk to, please email our founder Ada Shelegova at ada@spica-cap.com. - Website: https://www.spica-cap.com - Location: Miami, Florida, United States - Lead qualification: Research: - Query: =Spica Capital Ada Shelegova recent investments fund thesis - Answer: Ada Shelegova leads Spica Capital, which focuses on food and beverage investments. Recent filings show a $510,000 equity sale in March 2024. Spica Capital has raised funds, including a grant in March 2019.