Bio

Terrance M. Shipp, Managing Director, is a founding partner of Merit. Prior to forming the general partner of Fund I in 1991, Terry was a Partner in LaSalle Capital Group, a Chicago-based management buyout firm. Between 1982 and 1990, Terry worked at Prudential Capital Corporation, most recently as Regional Vice President in charge of the firm’s Chicago and Cleveland offices, which specialized in middle-market mezzanine investments. Terry was responsible for a staff of approximately 12 investment professionals and a portfolio over $1 billion. During his eight years with Prudential Capital, he was actively involved in a significant number of the mezzanine investments generated by the Chicago office. His responsibilities included origination, structuring, due diligence, negotiation, monitoring and disposition activities. Terry received his M.B.A., with distinction, from Northwestern University’s Kellogg Graduate School of Management and a B.S., magna cum laude, from the University of Colorado. Terry currently serves on the Board of Directors of Alliance Family of Companies, Identity Group Holdings, John-Richard Collection, Inc. and MW Metals Group. Terry is actively involved in his local church and community soccer organization as well as a host of other charitable causes.