OUR TEAM

We are a dedicated team made up of seasoned entrepreneurs with a track record of success and extremely passionate about helping organizations grow. Our efforts are focused on identifying investment opportunities and working alongside talented management teams to build and accelerate further growth.

MICHAEL DIEP

Managing Partner

Mike Diep, a co-founder and Managing Partner of Capficiency, has over 10 years of private equity investing, senior executive, and financial management experience focused on the lower-middle market. Mike sets the firm's strategic direction and is involved in investment decision making and operational management of its portfolio companies. Mike currently serves as a Director of Appficiency Inc., a portfolio company who's IT consulting practice has emerged as a market leader focused on the Oracle-NetSuite cloud-based ERP platform. Mike also currently serves as acting CEO of KWizCom Corp. a portfolio company focused on developing Microsoft SharePoint products.

Prior to founding Capficiency in 2018, Mike was a Vice President at Maxim Partners, a private equity firm in the greater Chicago area, for nearly 5 years. During his tenure at Maxim, Mike focused on investment activities in the education and energy industry.

Prior to Maxim, Mike was an Associate at Birch Hill Equity Partners. Mike started his finance career as a financial analyst at JP Morgan and Goldman Sachs.

EDUCATION:

Northwestern University, Kellogg School of Management, M.B.A

University of Western Ontario, Ivey Business School, H.B.A

JOHNNY THAN

Partner

Johnny Than, a co-founder and Managing Partner of Capficiency brings over 14 years in business management, consulting, and sales experience. Johnny is active in all aspects of the firm's activities, with a focus on leading value creation by applying his business development and operational expertise to our portfolio companies.

Johnny founded appficiency inc. in 2014, an international IT consulting firm with offices in North America and Asia. Through his deep expertise in the IT industry, Johnny has built a business with an award-winning reputation and defensible market position.

Prior to founding appficiency inc. Johnny was an ERP consultant at Oracle Netsuite where he was an integral part of the innovation and expansion of the professional services division.

EDUCATION:

McMaster University, DeGroote School of Business, M.B.A

University of Western Ontario. B.A.

DIANA ALARCON

VP & Operating Partner

Diana Alarcon, a Senior Associate at Capficiency has over 8 years of global operations and management experience focused on supply chain and product delivery. Diana joined the firm in 2022 and manages the portfolio company’s design and execution of strategies to operationalize growth. At Appficiency, Diana serves as Director, Microsoft Business Unit including KWizCom + ProvisionPoint.

Prior to joining Capficiency, Diana delivered new product launches for several iPhone generations at Apple as an Operations Program Manager. She started her career with Procter & Gamble’s Gillette where she led multiple teams in the operations and business planning functions to achieve benchmark results in the U.S and Latin America.

EDUCATION:

Northwestern University, Kellogg School of Management, M.B.A

University of Florida, College of Engineering, B.S.E

JERRY FENG

Senior Analyst

Jerry Feng, Sr. Analyst at Capficiency, joined the firm in 2023 and is focused on analyzing the financial and strategic fit of prospective target companies. He also leads the Finance & Accounting Team, overseeing financial operations, ensuring integrity and accuracy of financial reporting, and aligning financial strategy with broader business goals.

Prior to joining Capficiency, Jerry worked for Agentis Capital in infrastructure investment banking. Jerry enjoys playing chess and table tennis in his free time.

EDUCATION:
University of Western Ontario, Ivey Business School. H.B,A

IRELAND CATHERWOOD

Junior Analyst

Ireland Catherwood, a junior analyst at Capficiency, joined the firm in 2024 to support the broader team with business development and investment thesis development.

Prior to joining Capficiency, Ireland was a Section president at the Ivey Business School and finalist in Boston Consulting Group's 28th annual case competition.

EDUCATION:
University of Western Ontario, Ivey Business School. H.B.A

ZACHARY WELBORN

MBA Intern - Kellogg PE Lab

Zach joined Capficiency to support the Sales and Marketing teams as part of a Private Equity course in his MBA program at Northwestern University’s Kellogg School of Management.

Pursuing his MBA while working full time, Zach serves as Director of Sales and Business Development at Cascades, a CPG company based in Montréal. Prior to Cascades, he held roles at Procter & Gamble in sales and analyst functions, and at Walmart in merchandising and operations.

EDUCATION:
Northwestern University, Kellogg School of Management, M.B.A

East Carolina University, Bachelor of Science in Business Administration

NICOLAS FOLZ

Summer Intern

Nico joined Capficiency in 2025 to support the team with corporate strategy and business development.

Prior to joining Capficiency, Nico served as captain of the Western Varsity Men’s Volleyball Team, where he was a four-time Academic All-Canadian. Nico also serves as Co-Founder of the Western Engineering Quantum Computing Club.

EDUCATION:
University of Western Ontario, Ivey Business School. H.B.A (2026)

University of Western Ontario, Bachelor of Computer Engineering (2026)

MEREDITH BORG

Summer Intern

Meredith joined Capficiency to support the Sales and Marketing teams and to contribute to initiatives within the Salesforce Business Unit.

Prior to joining Capficiency, Meredith worked at Summit Energy as a Financial Analyst and Marketing Intern. She also served as a chapter president for First Generation Investors.

EDUCATION:
Tulane University, Freeman School of Business, BSM (2026)

SHANE SEDEROFF

Summer Intern

Shane Joined Capficiency in 2025 to support the team with business development and marketing initiatives for the Salesforce Business Unit.

Prior to joining Capficiency, Shane served as Logistics Director for the Western Hockey for Health club, and is the founder of an entrepreneurial venture Fence Refresh.

EDUCATION:
University of Western Ontario, Ivey Business School, H.B.A (2026)

DARIE MITULESCU

Summer Intern

Darie Mitulescu joined Capficiency in 2025 to support the team in evaluating the financial and strategic fit of prospective acquisition targets, while also assisting portfolio companies with financial modeling and analysis.

Prior to joining Capficiency, Darie worked at Miller Technology as a corporate development intern. In his free time, Darie enjoys playing soccer and chess.

EDUCATION:
University of Western Ontario, Bachelor of Economics (2028)