Seattle, WA (July 14, 2025) ¬- Rainier Partners, a private equity firm investing in lower middle-market services businesses, is pleased to announce the promotions of Henry Anderson and Luke Bench to Principal and Dave Shephard to Executive Director.
Henry joined the Rainier team in 2020 and is a Principal. Prior to Rainier, Henry served as the Interim CFO of 3B Medical Devices. Before that, he was a Senior Associate at Altamont Capital Partners.
Luke is a Principal, having joined Rainier in 2020. Before Rainier, Luke was a Senior Associate in the San Francisco office of Calera Capital, a middle-market private equity firm. Prior to Calera, he was a member of Jefferies’ Mergers and Acquisitions group in New York.
Dave joined Rainier Partners in 2022 and serves as the Executive Director of Portfolio Operations, focusing on value creation strategies. Prior to Rainier, Dave spent six years at Bain & Co., where he managed teams focused on private equity due diligence and strategic challenges.
“At Rainier, we strive for a culture that attracts and retains the most talented team members to deliver results for our investors,” said Rainier Co-Founder and Managing Partner Jon Altman. “We’ve been fortunate to have Henry, Luke, and Dave on our team who embody and perpetuate this culture.”
“Henry and Luke have been with the firm as key deal professionals since our first year of operation and have been instrumental in our success to date,” continued Rainier Co-Founder and Managing Partner Alex Rolfe. “Dave has been a key leader in formulating and implementing our SUMMIT strategy. We’re thrilled to see them all progress with these well-deserved promotions.”
Rainier Partners is a Seattle-based private equity firm with over $400 million in assets under management (as of July 1st, 2025) that invests in lower middle-market services businesses. We look for opportunities where we can actively support business owners and management teams by providing growth capital, operational resources, and strategic partnership. We focus on industries in which we have extensive experience, a network of partners, and deep resources: business services, consumer services, industrial services, and financial services. We typically invite the founders or management teams of our portfolio companies to invest alongside us to align interests. Please visit www.rainierpartners.com for more information.
For more information, contact:
Rainier Partners (Business Inquiries)
info@rainierpartners.com
MiddleM Creative (Media Inquiries)
Jan Morris
jan@middlemcreative.com
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