Financial Partner

Capital Education Group has access to significant financial resources, managerial expertise and business best practices through its partnership with Novak Biddle Venture Partners. 


Novak Biddle Venture Partners was established in 1997 to provide equity financing and assistance to the management of promising, young companies. NBVP is backed by a number of the country’s most prestigious limited partners, and has over $580 million under management.  The firm seeks investment opportunities where the combination of ideas, dollars, experience, and relationships can create long-term, sustainable value.


Roger Novak, director, brings over 25 years of experience as a venture capitalist, "angel" investor, and operating principal.  He is a co-founder of Novak Biddle Venture Partners, a premier early stage venture capital firm backed by some of the country’s most prestigious investors.  NBVP has a special focus on the education sector including investments in Blackboard, Intelliworks, SpectrumK12, Starfish Retention Solutions and 2tor.  Prior to co-founding NBVP, Roger was a private investor. In 1984, he was co-founder and three-fund general partner of Grotech Partners. Earlier in his career Roger led the investment banking effort at Baker, Watts & Co., where he served on the firm’s executive committee.  During his career, Roger has served on many public, private and civic boards. Currently, he serves on eight boards including Blackboard, Inc. where he is lead director, and SpectrumK12.  Over the years Roger has served on the State of Virginia’s Joint Commission on Science and Technology, where he served on an advisory committee to examine the digital divide, as well as telecommunications, workforce shortages, and education issues. He also served as a member of Harvard’s John F. Kennedy School of Government’s project to examine the funding gap between innovation and commercialization.  Recently, Roger was named the winner of the 2007 Early Stage East Sal Buccieri Memorial Venture Impact Award. The honor recognizes an individual who has clearly impacted early stage technology and fast growth opportunities.

Daniel W. Jackson, director, has more than 15 years of experience in proprietary education, most recently at Strayer Education, Inc. where he is Senior Vice President and Treasurer.  Dan has also served as Vice President of Finance, Vice President of Operations, Regional Vice President, and Campus Director during his ten years at Strayer.  Prior to Strayer Dan was an Equity Research Associate at Legg Mason Wood Walker, and the Director of Operations at Fairmont Schools, Inc.  Dan serves on the Boards of Directors for the National Independent Private Schools Association and for Fairmont Schools, Inc.  He holds a B.A. in international affairs from the University of Colorado at Boulder and an M.B.A. from Georgetown University.