Ted Beneski ’78 was appointed to the Board of Trustees in 2012. He is the Chief Executive Officer and Managing Partner of Insight Equity Holdings LLC.
Insight Equity currently manages three buyout equity funds and a mezzanine debt fund. Insight’s total capital under management is approximately $1.4B. Its institutional investors consist primarily of insurance companies, academic endowments, foundations, state investment funds and pooled funds.
Beneski is currently chairman or vice chairman of the board at the following Insight Equity portfolio companies: Versatile Processing Group, A.P. Plasman, Micross Holdings, MB Precision Holdings, Dustex Holdings, Panolam, Riverbend Investment Holdings, VirTex Holdings, Eddy Packing and Strauss Brands. Insight Equity’s current cumulative gross equity returns since inception is 2.7x with an IRR of 49% which is top quartile performance.
Prior to founding Insight Equity, Beneski was a founding principal and senior vice president of the Carlyle Management Group (CMG), a private equity group that yielded annual investment returns of over 60 percent during his tenure there. This group was The Carlyle Group’s special situations and turnarounds entity, which also managed its own dedicated fund.
Before CMG, Beneski was the co-founder and managing director of Bain & Company’s Dallas office. Bain is a global leader in strategy-based management consulting services. As a senior partner at Bain for nearly 10 years, Beneski advised Fortune 100 clients across a wide range of industries in the areas of portfolio and business unit strategy, mergers and acquisitions, operational improvement, organizational and process redesign, new product introduction and growth strategy.
Prior to Bain, Beneski worked for five years as a commercial banker with Bankers Trust in New York and Shawmut Corporation in Boston.
In addition to his service on the Amherst Board, Beneski currently sits on the Board of Trustees of Trinity University.
He received his M.B.A. from Harvard Business School and a BA from Amherst College, majoring in economics.