BIP Capital Management Services

The firm was founded by Daniel Cane and Michael Chasen following the 2011 $1.64 billion take-private of Blackboard Inc., the education software company they co-founded in 1997. Rather than delegating to an external multi-family office, they structured BIP Capital to directly manage their liquidity. The firm originated as a partner-capital vehicle before opening to external limited partners.

BIP Capital operates a hybrid model. It deploys partner capital from Cane and Chasen, but has also raised discretionary funds from external institutional and high-net-worth investors. The firm transitioned from a pure family office posture into a formal fund manager in the late 2010s while retaining significant principal co-investment in every vehicle.

Daniel Cane serves as CEO and Chairman of the Board of Modernizing Medicine, a healthcare technology company. BIP Capital is an investor in the business, and Cane runs day-to-day operations at the company. This is not a passive portfolio holding — it is an active operator relationship where the firm's principal also acts as the portfolio company's chief executive.

BIP Capital concentrates on growth-stage investments in enterprise software, education technology, and financial technology. The geographic focus is primarily North American, with a notable density of portfolio companies located in Florida and the broader Southeastern United States. The firm does not typically invest at seed stage.

BIP Capital regularly co-invests alongside institutional venture capital and growth equity firms in its portfolio companies. The firm's operator background gives it access to rounds led by larger VC platforms. It has participated in syndicates for growth rounds in companies like Nearpod before its 2021 acquisition by Renaissance Learning.