Leadership

David W. McCombie III

Founder and Chief Executive Officer

David McCombie founded McCombie Group, LLC— An innovative private investment firm backed by a network of significant family offices and ultra-high net worth individuals from across the Americas. A thought leader on private equity, he has been a featured speaker at international investment conferences, and teaches a course at the University of Miami School of Business based upon his upcoming book on the subject: “The Family Office Practitioner’s Guide to Direct Investments.”

David is a former McKinsey & Company management consultant—A specialist in corporate strategy, he managed multiple client teams across a variety of industries to quickly develop strategic recommendations within complex, uncertain environments. In 2009, he was selected as a McKinsey Global Institute Fellow to further develop the firm‘s regulatory capabilities (approximately 10 of 10,000 McKinsey consultants selected/ year). Prior to joining McKinsey, he briefly worked as an associate within the financial institution group at Citigroup Global Banking in New York.

David graduated from Harvard Law School where he focused on corporate law & negotiation strategy, and also did extensive coursework in corporate finance at the Harvard Business School. His thesis, “Hispanic Private Equity: A Cultural Approach to Achieving Superior Investment Returns” was published in the Harvard Latino Law Review. He graduated Phi Beta Kappa from the University of Miami with a degree in Economics/Finance, where he was a Cuban American National Foundation Mas Scholar. A committed member of the South Florida community, David currently serves as Chairman of the Advisory Board of HistoryMiami. He is also a licensed Florida attorney.

 

Jay S. Lipsey
Partner

Jay S. Lipsey is a partner at McCombie Group. Jay serves his clients in a comprehensive and impartial fashion, bringing over 15 years of experience encompassing capital markets, corporate finance, and strategic consulting across a variety of industries. He started his career in the debt capital markets group of National City Bank (now part of PNC), where he syndicated bank loans on behalf of borrowers in the manufacturing, food and beverage, and aviation sectors. His team successfully marketed over $1.2 billion of bank loans, cementing their place as the most active middle market lender in the bank’s footprint. Jay was also an asset manager at D.B. Zwirn, a $4.0 billion hedge fund focused on second-lien loans for private equity sponsored transactions. At D.B. Zwirn, Jay analyzed businesses and acquisition opportunities the media, healthcare, and leisure industries.

Jay also co-led the finance department of Cargo Ventures, a nationwide real estate developer of logistics facilities in key transportation markets. Jay served as an asset manager at Rialto Capital Advisors, a vertically integrated investment and asset management firm that specializes in distressed real estate and workouts. Rialto Capital Advisors is a subsidiary of Lennar, the largest homebuilder in the United States. Prior to joining the McCombie Group, Jay helped to launch the Miami office of Grandbridge Real Estate Capital, a nationwide mortgage banking firm that arranges over $5.0 billion of real estate financings annually. Jay also serves as the Chief Executive Officer of Accel Associates, a management consulting firm focused on helping family and founder owned business in the middle market properly benchmark themselves within their industry, improve operations, and evaluate financing alternatives.

Jay places a high value on community engagement, and is involved in numerous charitable and civic initiatives both locally and nationally. He is co-founder of the James Madison Institute Young Leaders Council, and leads its South-Florida chapter. While in New York, Jay co-launched the Bnai Brith Real Estate Young Development Group and was instrumental in the establishment of the New York Private Equity Network’s (NYPEN) real estate division. He has been recognized by the Memphis Jewish Federation and the University of Pennsylvania Health System for distinguished community service. Jay graduated from the Wharton School at the University of Pennsylvania, with concentrations in finance and real estate, and is a member of MENSA.