Our Team sideOrangeArrow Evolve Capital


Jeff Baker


  • Joined Evolve Capital in November 2005.
  • Before coming to Evolve, he worked as an attorney for what is now Locke Lord as well as DLA Piper.
  • Represented various private equity funds in acquisitions and investments through leveraged recapitalizations and management buyouts.
  • Experienced in public and private stock acquisitions and debt and equity financings, asset sales and corporate mergers; venture capital transactions; business organization formations; and federal and state securities law compliance.
  • BA in Government and JD, both from the University of Texas at Austin.

Matt Becker


  • Joined Evolve in April 2016.
  • Before coming to Evolve, Matt worked with Volex plc, public traded company, as CEO of Data Division and a member of executive team.
  • Prior to Volex, orchestrated turnaround as CEO of KVT Koenig, LLC, a private equity owned small business.
  • Experienced leadership in global / multi-site P&Ls, change management, operational efficiency, value creation, growth and integration of acquisitions in a variety of market sectors.
  • Previously worked at Siemens VDO / Continental for 13 years in a variety of roles in Engineering, Operations, Program Management and Sales.
  • Bachelors degree in Physics at University of North Carolina at Chapel Hill and graduate of Siemens AG Executive Business Leadership program.

Dan Cleary


  • Extensive experience working with private equity firms and their portfolio companies, serving as either an operating partner or on the executive team.
  • As operating partner, led Evolve’s Filling Machines & Systems investment through integration of a complementary acquisition, continuation of its organic growth, and ultimately achieving a realization/sale transaction.
  • Previous private equity engagements include acting as CEO of both a $100MM leader in manufacturing heat transfer components and equipment for refrigeration applications in food service, food retail and non-consumable markets, and a $40MM worldwide leader in manufacturing of electromagnetic components and high-grade thermoset plastic parts.
  • Served as Managing Director of Deephaven Capital Management, a $4B multi-strategy hedge fund with locations worldwide.

Heidi Noppinger


  • Joined Evolve Capital in February 2006.
  • Prior to joining Evolve, served as general accounting and administration at Transition Capital Partners, Ltd.
  • Worked at Renshaw Davis & Ferguson in accounting, administration, legal research and human resource roles prior to TCP.
  • Attended Texas A&M University – Commerce.

Ryan Shultz


  • Joined Evolve in October 2006.
  • Worked approximately five years with Glass & Associates prior to Evolve.
  • Duties included advising the boards of directors and other stakeholders of middle market companies on divestiture opportunities, equity and debt issuance, short-term and long-term cash flow management, operations initiatives, valuation analysis, and business model and plan development.
  • Worked as interim CFO during tenure at Glass & Associates.
    Previously worked at Ernst & Young’s Mergers and Acquisition practice and with Ernst & Young’s audit group.
  • BBA and Master of Professional Accounting degrees from the McCombs School of Business at University of Texas at Austin.