Daily News: November 13, 2012

SBIA Elects Tonka Bay’s Simmons as Chair

Tonka Bay Equity Partners announced that Molly Simmons, principal, has been elected as chair of the board of the Small Business Investor Alliance (SBIA). Simmons has served on the SBIA board for four years, and brings over 12 years of middle-market private equity experience to this role.

“Molly’s vision and leadership abilities will be beneficial to the SBIA board,” Cary Musech, Tonka Bay managing principal said. “We are confident that her experience and contacts in the private equity industry will be valuable to the organization.”

Based in Minnetonka, MN, Tonka Bay Equity Partners is a private equity firm.

The SBIA is an organization of lower middle-market private equity funds and investors.