Managing Partner

Randy Shumway

Randy Shumway founded Cicero Capital’s parent company, Cicero Group, in 2001, with four people working out of a basement. At the beginning of 2017, when Randy stepped down as CEO, Cicero Group had grown to over 350 professionals with offices crossing the United States. In 2016, Randy was awarded Utah’s Lifetime Achievement award and was named CEO of the Year in recognition of his professional accomplishments. Randy’s vision in founding Cicero was to deliver more than mere strategic recommendations to organizations but to actually roll-up sleeves and help organizations effectively execute the ideas. During his more than 16 years at Cicero, Randy has led multiple transformation and change management engagements for Fortune 1000 clients in such sectors as High Tech, Telecommunications, Life Sciences, Manufacturing, Financial Services, Consumer Products, and Education.

Having stepped down as CEO, Randy today leads the Change Management and Transformation practice at Cicero as well as Cicero Impact Capital. Randy is on the corporate board of Snowhite and of Angoss Software (TSX: ANC). Randy serves on multiple volunteer boards such as Southern Utah University, Utah’s Employment Taskforce, Boy Scouts of America Great Salt Lake Council, and EducationFirst.

He is a prolific author in the Deseret News and in Forbes regarding effective education and economic public policy. Prior to starting Cicero, Randy was the Executive Vice President and Managing Partner at Answerthink. He started his career at Bain & Company. Randy obtained his MBA from Harvard Business School, graduating with highest academic honors (Baker Scholar).

Senior Advisor

Geoff Davis

Geoff is the Senior Advisor of Cicero Impact Capital and leads overall strategy as well as fundraising and the deal process. He is also a Partner at Cicero Group; Chairman of the board of Align17, a UBS-sponsored impact investing platform for institutional and high net worth investors; and an Advisor at MIT Solve and Summit Fellows.

Geoff spent five years helping the Church of Jesus Christ of Latter-Day Saints establish self-reliance training programs in 120 countries and leading the Perpetual Education Fund, a higher-education loan fund operating in 90 countries. He was  previously the President & CEO of Unitus, one of the first commercial investors in microfinance, and co-founder of Unitus Equity Fund (now Elevar Equity). He has been named an “Entrepreneur of the Year” by Ernst & Young, an “Entrepreneurial Thought Leader” by Stanford University, and a” Young Global Leader” by the World Economic Forum. He has founded, co-founded or advised 25 start-ups and investment funds, sat on 12 boards and helped over 75 million people work their way out of poverty.

He earned degrees from Brigham Young and Harvard University.

Partner

Douglas Hervey

Douglas Hervey is a principal at Cicero Group with an emphasis in health care and life science services. Douglas most recently worked as a senior director for Leavitt Partners. As a senior director, Douglas enabled health care entities to more effectively aggregate data, automate research processes, and make sound growth-oriented strategic and investment decisions. He has worked on over 200 health care private equity investment deals, within 80 unique health care sub-segments, for over 40 investment funds.  

Douglas earned his bachelor’s degree in international relations at Brigham Young University, after which he earned his juris doctorate from the University of Pittsburgh. Douglas also holds an MBA from Brigham Young University, where he was a Hawes Scholar. He currently sits on the board of Médica Santa Carmen, a Cicero Impact Capital portfolio company that provides dialysis to chronically underserved populations in Mexico.

Engagement Manager

Raina Mansukhani

Raina is an Associate at Cicero. In this role, Raina has worked with clients in for profit and not for profit industries providing insight and solutions into change management, strategy and transformation, market segmentation, and monitoring and evaluation. She also executes the sourcing, analysis, and management of Cicero Impact Capital’s portfolio companies.

Raina earned an MBA from The George Washington University, where she was president of the Net Impact Club and led a team of students in two pro bono consulting engagements including an expansion strategy and an impact investing deal in South Africa and Rwanda respectively. She was awarded the Forte Fellowship, a scholarship to support women launch successful business careers.