GAINESVILLE, Fla. – TerraCap Management, LLC was named to the University of Florida’s inaugural 2015 Gator100 during a ceremony Feb. 6 at UF’s J. Wayne Reitz Union Grand Ballroom.
Sponsored by UF, the Warrington College of Business Administration and the Center for Entrepreneurship & Innovation (CEI), the Gator100 recognizes the 100 fastest-growing businesses owned or led by UF alumni. Ernst & Young calculated each company’s compounded annual growth rate (CAGR) over the past three years to generate the ranking.
TerraCap Management, LLC was ranked 21st with a compound annual growth rate (CAGR) of 64.98%.
TerraCap Management, LLC is a real estate investment adviser headquartered in Bonita Springs. The firm manages three private equity funds, with approximately $200 million in assets. The firm was founded in 2008 by University of Florida alumnus Walter “Steve” Hagenbuckle, who graduated from UF in 1985 with a bachelor’s degree in Computer Science.
“With a talented team, great things happen,” Hagenbuckle said of the recognition. “I feel fortunate to be surrounded by skilled professionals who have helped fuel our growth, allowing us to be recognized by University of Florida and the Gator100.”
“The Gator100 is an important initiative that recognizes entrepreneurial excellence,” said Dr. Michael Morris, the Academic Director of the entrepreneurship program at UF. “It is open to any and all companies founded or run by Gator alumni, and recognizes those who are achieving growth, innovating, and making a difference in their communities.”
To qualify for the Gator100, companies must have been in business for five years or more as of September 2014, and have had verifiable annual revenues of $100,000 or more in 2011. Additionally, UF alumni must have met one of the following three leadership criteria:
- Owned 50 percent or more of the company from Jan. 1, 2011, through Dec. 31, 2013; or
- Served as company’s chief executive from Jan. 1, 2011, through Dec. 31, 2013; or
- Founded the company and been active as a member of the most senior management team from Jan. 1, 2011, through Dec. 31, 2013.
View the full list of Gator100 honorees at gator100.ufl.edu.