BIP Capital Management Services

BIP Capital Management Services

BIP Capital Management Services was formed in 2010 in Boca Raton by Daniel Cane and Michael Chasen, the co-founders of Blackboard Inc. The vehicle emerged after Providence Equity Partners took Blackboard private for $1.64 billion in 2011. Rather than joining an existing multi-family office, Cane and Chasen built their own platform to directly manage the liquidity event proceeds. The firm later relocated to Miami. The firm targets growth-stage investments in enterprise software, education technology, and financial technology. BIP Capital operates a hybrid structure, investing the partners' own capital while also raising discretionary funds from external institutional and high-net-worth limited partners, a model common among entrepreneur-led investment offices that transition into formal fund managers. The portfolio spans North American companies, with a concentration in the Southeastern United States. Publicly known historical positions include Nearpod, acquired by Renaissance Learning in 2021, and Campus Management Corp. BIP Capital runs a lean team of approximately 10 to 20 investment professionals operating out of South Florida. In addition to its direct investment activities, the principals maintain separate philanthropic and angel investing presences. Daniel Cane serves as CEO and chairs the board of Modernizing Medicine, a portfolio company and independent entity. The firm raised a dedicated fund vehicle in the late 2010s, signaling an institutionalization of what began as a partner-capital office. The firm occupies a specific niche: a founder-operated investment platform whose principals still run adjacent operating businesses, creating a deal-sourcing network rooted in operator relationships rather than a traditional limited-partner marketing funnel. This dual operator-investor identity distinguishes BIP from both pure family offices and institutionally-raised venture funds.