General Investing >> Money Manager Interviews >> March 19, 2001

Dick Johnston / Chip Stelljes / David Warnock – Camden Partners Inc

DICK JOHNSTON is a Member of the General Partner of Camden Partners Strategic Fund II, L.P., joining Camden Partners in 2000. Previously, he was Vice President ' Investments and a Director of The Hillman Company where he was employed since 1961. Mr. Johnston was responsible for deal origination and investor representative relations with numerous private equity financings, including HBO Medical Care International and Rehab Services among many others in health care, and in telecommunications services, together with a variety of other investments in capital goods, financial services and transportation. He also has managed marketable securities portfolios and has originated and/or monitored limited partnership holdings in numerous private equity funds. Mr. Johnston has been an advisor to several private funds. He is a Director of SCCI Healthcare and Webmedx in the health care sector; Director of Xypoint in the telecommunication services sector; and Oregon Rail Holdings. He has been Chairman of the Board of The Western Pennsylvania Hospital from 1979 to 1999, The Western Pennsylvania Healthcare System from 1984 to 2000, and the West Penn Allegheny Health System from inception in 2000. Mr. Johnston earned a BS degree from Washington and Lee University and an MBA from the Wharton Graduate School of the University of Pennsylvania. Profile
DAVID WARNOCK is currently a Member of the General Partner of Camden Partners Strategic Fund II, LP, and a co-Founder of Camden Partners, Inc. Prior to founding the firm, Mr. Warnock was President of T. Rowe Price Strategic Partners and Strategic Partners II. He was also an Executive Vice President of the T. Rowe Price New Horizons Fund. Mr. Warnock is a director of Blue Rhino Corp., Concorde Career Colleges, Inc., Environmental Safeguards, Inc., the School Company, Inc., and Touchstone Applied Science Associates, Inc., and Children's Comprehensive Services, Inc. He earned a BA from the University of Delaware and an MS degree in Finance from the University of Wisconsin. Mr. Warnock is a Chartered Financial Analyst. Profile
CHIP STELLJES is currently a Member of the General Partner of Camden Partners Strategic Fund II, L.P., joining Camden Partners in 1999. Previously, he was a Partner with Columbia Capital Equity Partners II, L.P., a $450 million venture capital fund focused on investments in communications and information technology. Prior to Columbia Capital, Mr. Stelljes was an Executive Vice President and Principal of Allied Capital Corporation. He served as the Director of Allied Venture Partnership and Allied Technology Partnership; served as a member of Allied's investment committee; and chaired its problem asset committee. Mr. Stelljes serves on the boards of Dominion Digital Inc., Virginia Capital, V Technologies International Corp., and as Chairman of the Board of Visitors of the Bolles School. He was previously a Regional President and Board Member of the National Association of Small Business Investment Companies (NASBIC). He earned a BA from Vanderbilt University and an MBA from the Colgate Darden Graduate School of Business Administration at the University of Virginia. Profile
TWST: What's the genesis of your investment vision at Camden Partners,

'solving the special problems of emerging public companies?'

Mr. Warnock: I would say the genesis, for me, began with my