January 4, 2021, We are pleased to announce that Steve Cobb, a long-time investment team member and Partner of CID Capital, has been named the firm's Managing Partner effective January 1, 2021. Steve has over 20 years of private equity investment experience at CID and most recently served as a member of the firm's investment committee. Steve is succeeding Scot Swenberg, who served as CID's Managing Partner for eight years. Scot will resume his responsibilities on the CID investment team going forward. In his new role, Steve will oversee CID's strategic direction, providing leadership on firm and fund matters. In addition, he will continue his role on the firm's investment committee alongside Scot Swenberg and Eric Bruun. Steve will be particularly involved in CID's investor relations and organizational development activities.
"I am proud of the great legacy and reputation of CID Capital and am honored my partners selected me to serve as the firm's Managing Partner. 2021 marks our 40th year as a firm, and we are grateful for the trust our investors, the business owners we partner with, and our company executives have put in us for four decades. I look forward to continuing and building upon CID's commitment to excellence for our investors." - Steve Cobb
Steve has over 30 years of finance and investment experience, including 20 years investing and managing CID portfolio companies. Prior to joining CID, Steve held financial leadership roles within the Fabric Care business at Procter and Gamble. In addition to his responsibilities at CID, Steve is active mentoring and volunteering within the central Indiana community. Steve holds an MBA from Harvard Business School and a BA in Economics from DePauw University.