What sectors does Grain Management focus on?

Grain Management focuses on Cloud Computing, Data & Infrastructure.

Where is Grain Management located?

Grain Management is headquartered in Washington, US.

Grain Management

Private equity

Washington · 70 people tracked

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Investment thesis

Grain Management pursues a thematic, targeted strategy centered on the digital infrastructure and telecommunications landscape. It emphasizes three investment pillars: sector specialization as communications specialists, disciplined and opportunistic investing that pairs data-driven analysis with agile execution, and hands-on value creation to drive sustainable growth. The firm invests in mission-critical telecom infrastructure and services, targeting attractive risk-adjusted returns in companies with strong market positions and durable barriers to entry. Areas of focus include spectrum licenses supporting 5G, fiber networks, data centers, cell towers, and infrastructure services businesses across U.S. markets and internationally, combining quantitative analysis with deep industry insight and relationships.

Invests inCloud Computing Data & InfrastructureLatin AmericaUnited StatesWashington

Source: firm website, verified Aug 6, 2026.

Washington, US

Instruments

Equity

Founded

2007

AUM

$12B

Tracked investments

Team · 70 people

from the firm's website

David Grain· Chief Executive Officer and Founderin

Founder and CEO of Grain Management, which he established in 2007. He previously led Pinnacle Towers (later Global Signal) from bankruptcy through an IPO, and held senior roles at AT&T Broadband and Morgan Stanley. He serves on several boards, including Dell Technologies, New Fortress Energy, and Southern Company, and holds an MBA from Dartmouth's Tuck School and a BA from the College of the Holy Cross.

Chad Crank· Managing Director

Doug Loveland· Managing Director, Co-Head of Capital Formation and Investor Relations

Jenny Kashdan· Managing Director, Co-Head of U.S. Investments

Jenny Kashdan is Managing Director and Co-Head of U.S. Investments at Grain, focused on developing investment theses and driving growth and value creation across the firm's U.S. telecom portfolio. She previously served as a Vice President in Morgan Stanley's Investment Banking division, working across Investment Banking, Capital Markets, and Corporate Treasury.

Kathlika Fontes· Managing Director, Co-Head of Capital Formation and Investor Relations

Mark Fortin· Managing Director, Portfolio Dynamics Group

Michael McKenzie· Managing Director

Raghav Nayar· Managing Director, Co-Head of U.S. Investments

Raghav Nayar serves as Managing Director and Co-Head of U.S. Investments at Grain Management, focused on developing investment theses and driving growth and value creation across the firm's U.S. telecom portfolio. He previously worked as a Vice President in Morgan Stanley's Structured Solutions group.

Ricardo Rodriguez· Managing Director, Head of Firm Operations and Portfolio Dynamics

Steve Smith· Managing Director

Ted Manvitz· Managing Director, Head of International Investments

Ted Manvitz leads Grain's international investment efforts, focused on expanding the firm's global footprint outside the U.S. He previously held senior leadership roles including COO, CFO, and CSO at digital infrastructure operator IHS Holding, and earlier worked at J.P. Morgan and practiced law at Bryan Cave LLP.

Abbas Hasan· Principal

Adam Pickard· Principal

Arya Heidari· Principal

Diya Berger· Principal

Jeff Zhou· Principal

Sally Tondziel· Principal, Capital Formation and Investor Relations

Tanner Goode· Principal

Vanessa Gil· Principal

Abilash Prabhakaran· Associate

Alessandro Sicilia· Senior Associate

Alex Lee· Senior Associate

Alexis Granger· Executive Assistant

Ben Sugerman· Associate

Bill Montgomery· Associate

Brian Lash· Vice President

Bridget Elison· Associate

Cayque Demarqui· Vice President

Charlie Silva· Accounting Manager

Christine Rothstein· Director of Support Services

Christopher Guido· Senior Accountant

Christy Grisler· Executive Assistant

Claire Fefer· Senior Advisor

Cleveland Christophe· Senior Advisor

Diyar Shoriz· Corporate Accountant

Donna DeFusco· Vice President, Human Resources

Erika Gray· Chief Financial Officer

Erin Furey· Vice President, Human Resources

Franklin Raines· Senior Advisor

Grant Andreas· Senior Associate

Inpyo Ma· Associate

Jackie Carter· Senior Executive Assistant

James Cash, Ph.D.· Senior Advisor

Jan Ebelt· Senior Associate

Jason Kornreich· Finance Manager

Jeff Freyer· Senior Vice President, Business Development

Jeff Prioleau· IT Operations Manager

Jen Cogar· Operations Analyst

Kevin Xu· Vice President

Logan May· Vice President of Tax

Maggie Burton· Executive Assistant

Margaret Gladstone· Executive Assistant to David Grain

Matt Soundy· Senior Associate

Melissa Prosser· Vice President, Sustainable Investing and Operations

Michael Mattia· Vice President of Legal, Chief Compliance Officer

Michael Rhine· Vice President

Michele Brown· Chief Information Officer

Morgan Thompson· Associate, Capital Formation and Investor Relations

Phillip Vu· Associate

Rakesh Patel· Vice President of Finance

Roger Scarselletta· Vice President of Finance

Sida He· Vice President

Stephanie Phillipps· Senior Advisor

Suraj Aulakh· Senior Associate

Susannah Kennedy· Managing Director, Chief Human Resources Officer

Tyler Lee· Senior Associate, Capital Formation and Investor Relations

Wenbo Fang· Vice President

Will Foster· Vice President

William Hupp· Senior Associate

William Waesche· Vice President

Investments · 1 tracked

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Phoenix Tower International

Portfolio company partner of Grain Management involved in telecom towers.

Fund performance · per public LP disclosures · 3

as of Dec 2024

Fund	Vintage	Committed	Net IRR	TVPI	DPI
Grain Communications Opportunity Fund IV, L.P.LPs: Connecticut Retirement Plans and Trust Funds, Hawaii Employees' Retirement System	2025	—	—	0.91x	0.00x
GRAIN COMMUNICATIONS OPPORTUNITY FUND III LPLPs: Empire State Development – New York Ventures, Texas Municipal Retirement System, Florida State Board of Administration +6 more	2021	—	-2.4%	1.00x	0.14x
GRAIN COMMUNICATIONS OPPORTUNITY FUND II LPLPs: Empire State Development – New York Ventures, Florida State Board of Administration, New York City Employees' Retirement System +2 more	2018	—	7.8%	1.34x	0.75x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What sectors does Grain Management focus on?: Grain Management focuses on Cloud Computing, Data & Infrastructure.
Where is Grain Management located?: Grain Management is headquartered in Washington, US.

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