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NGP Capital Adds Dr. Homaira Akbari, Charles Carmel and Dr. Matthew Diamond to Distinguished Group of Advisors

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SAN FRANCISCO, MAY 18th – NGP Capital, a global, growth-stage venture firm, today announced the addition of three new Advisors with extensive executive operating experience in networks, software and the health sectors to its growing group of expert advisors who support portfolio companies and provide investment counsel to NGP Capital. Now part of NGP Capital’s Advisor group, Dr. Homaira Akbari, Charles Carmel and Dr. Matthew Diamond’s world-class industry domain expertise in smart mobility, intelligent enterprise and digital health, will support portfolio companies as they scale, navigate the diligence process and make core processes more effective.

Paul Asel, managing partner at NGP Capital noted, “Our new advisors have already worked closely with us on multiple investments. As they deepen their engagement with NGP Capital, both we and our portfolio companies will benefit from their expertise and involvement.” 

Dr. Homaira Akbari is President and CEO of AKnowledge Partners, and serves on the Board of Directors of several Fortune 500 companies including Banco Santander, Gemalto, Landstar System and Veolia. Dr. Akbari has held senior management roles in Microsoft, Thales, and Liberty Media subsidiary Trueposition. She was president and CEO of SkyBitz, an IoT company which she successfully sold to Telular Corporation. She has a Ph.D. in particle physics from Tufts University and an MBA from Carnegie Mellon. Based in New York City and Dallas, she joins NGP as an Advisor focusing on smart mobility and enterprise software.   

Dr. Akbari commented, “Over the past few years, I have worked with several of NGP Capital’s portfolio companies, including WorkFusion.  As an Advisor, I look forward to expanding my role with NGP Capital and promising companies that are creating the increasingly connected world.”   

Charles Carmel joins NGP Capital to bolster the Intelligent Enterprise efforts at the global venture firm.  Charles has over 20 years-experience as a technology investor, executive and advisor.  After starting his career at Goldman Sachs, he spent over a decade at Cisco where he acted as Vice President and Head of Corporate Development leading more than 30 acquisitions totalling over $20 billion and overseeing a $2 billion venture investment portfolio.  Charles then spent several years as a Partner at Warburg Pincus focused on growth investing across the Enterprise technology sector. He is currently active as an investor, advisor and board member at a number of emerging growth companies and investment firms.  Charles brings deep insights to NGP Capital and the investing efforts in networking technology, security, edge computing and predictive analytics.  

Carmel added, “I’m excited to work with NGP Capital and have been impressed with the team and platform. The global footprint and growth focus aligns perfectly with my experience, and I look forward to advising the team and their portfolio companies.”   

Dr. Matthew Diamond joins NGP Capital in the digital health practice, bringing more than 20 years of experience in the biomedical industry, including at hospitals, multiple start-ups with successful exits, and large corporations. Dr. Diamond earned his MD and PhD degrees at the Mount Sinai School of Medicine and maintains dual board certification in rehabilitation medicine and sports medicine; he serves on the faculty at New York University. Dr. Diamond is the Chief Medical Officer at Nokia Technologies and holds numerous industry leadership roles, including as Vice Chair of the Health and Fitness Technology Division Board of Directors of the Consumer Technology Association (CTA).  He has taken a leading role in establishing standards for consumer health and fitness technology, including wearables, in the US and internationally. Dr. Diamond is currently based in Boston.

“I look forward to continuing to advise NGP Capital.” said Dr. Diamond.  “It’s an incredibly exciting time for digital health – with the emergence of consumer-driven digital therapeutic solutions, increased availability of advanced analytics including AI-based approaches, and regulatory reform that can facilitate innovation – and NGP Capital is well positioned to help companies succeed in the space.”

All three new Advisors are based in the United States but will engage with NGP Capital and its portfolio companies globally.  

About NGP Capital

NGP Capital is a globally engaged venture capital fund backing growth-stage and revenue generating technology companies that will shape and power a fully connected world. By operating one, global fund with over $1 billion under management, we extend our companies’ reach via on-the-ground teams in China, Europe, India and the United States—making our portfolio company products and services local everywhere.www.ngpcap.com