Nicholas Swenson
Chief Executive Officer at AIR T, INC.
Net worth: 49 M $ as of 2024-03-30
Profile
Nicholas John Swenson is the founder of Whitebox Hedged High Yield Fund Ltd.
(founded in 2002) and Groveland Capital LLC (founded in 2009).
He held the title of Portfolio Manager at Whitebox Hedged High Yield Fund Ltd.
from 2002 to 2009 and at Groveland Capital LLC from 2009 to 2012.
Mr. Swenson is also the founder of Whitebox Combined Fund.
His current job positions include Chairman, President & Chief Executive Officer at Air T, Inc. since 2012, Chief Executive Officer at Groveland Hedged Credit Fund LLC, Chairman at Pro-Dex, Inc. since 2012, Director at Delphax Technologies, Inc., Independent Director at Lendway, Inc. since 2021, Director at Jet Yard LLC, and Director at Ambry Hill Technologies LLC.
His former job positions include Independent Director at Lendway, Inc. from 2014 to 2017, Portfolio Manager & Partner at Whitebox Advisors LLC from 2001 to 2009, Partner at AO Partners I LP, Managing Partner at AO Partners LLC, and Associate-Corporate Finance at Piper Jaffray, Inc. from 1996 to 1998.
Mr. Swenson's education includes an MBA from The University of Chicago in 1996 and an undergraduate degree from Middlebury College in 1991.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
AIR T, INC.
47.95% | 2023-12-27 | 1,352,938 ( 47.95% ) | 30 M $ | 2024-03-30 |
PRO-DEX, INC.
29.12% | 2023-10-17 | 1,022,343 ( 29.12% ) | 18 M $ | 2024-03-30 |
LENDWAY, INC.
12.28% | 2024-03-30 | 214,456 ( 12.28% ) | 1 M $ | 2024-03-30 |
Nicholas Swenson active positions
| Companies | Position | Start |
|---|---|---|
| PRO-DEX, INC. | Chairman | 2013-02-25 |
| AIR T, INC. | Chief Executive Officer | 2013-09-30 |
| DELPHAX TECHNOLOGIES INC. | Director/Board Member | - |
| LENDWAY, INC. | Director/Board Member | 2021-10-10 |
Ambry Hill Technologies LLC
 Ambry Hill Technologies LLC Packaged SoftwareTechnology Services Ambry Hill Technologies LLC provides cloud-based enterprise resource planning (ERP) software for inventory control, warehouse management, aircraft maintenance, RFQ, RFP, seller quoting, order processing, purchase orders, buying, selling, logistics, invoicing, accounting integrations, and business analytics. The private company is based in Cambridge, MN. The company's ERP mobile app is available for both Android and Apple devices. Ambry Hill Technologies caters to aviation parts traders, aircraft parts sellers, aircraft parts buyers, aircraft parts suppliers, plane parts distributors, MRO, 145 repair stations, aircraft operators, and OEMs. The company was founded by Larry Stewart. Larry Stewart has been the CEO since incorporation. | Director/Board Member | - |
Jet Yard LLC
 Jet Yard LLC Other TransportationTransportation Jet Yard LLC provides aircraft storage and parking along with part-out and disassembly services. Its services also include demolition and recycling for aging aircraft and engines. The firm also offers complete aircraft end of life services encompassing aircraft storage, teardown, parts storage, repair management, global sales, logistics and aircraft recycling. The company is headquartered in Marana, AZ. | Director/Board Member | - |
| Groveland Hedged Credit Fund LLC | Chief Executive Officer | - |
Former positions of Nicholas Swenson
| Companies | Position | End |
|---|---|---|
| LENDWAY, INC. | Director/Board Member | 2017-02-28 |
Groveland Capital LLC
 Groveland Capital LLC Investment ManagersFinance Groveland Capital LLC engages in the provision of investment advisory services. It focuses on investment opportunities through its fund portfolio which includes Groveland Fund and AO Partners I Fund. The company was founded by Nicholas John Swenson in 2009 and is headquartered in Minneapolis, MN. | Founder | 2012-10-31 |
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Training of Nicholas Swenson
| The University of Chicago | Masters Business Admin |
| Middlebury College | Undergraduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Listed companies | 4 |
|---|---|
| DELPHAX TECHNOLOGIES INC. | Producer Manufacturing |
| PRO-DEX, INC. | Health Technology |
| AIR T, INC. | Transportation |
| LENDWAY, INC. | Commercial Services |
| Private companies | 10 |
|---|---|
Whitebox Advisors LLC
 Whitebox Advisors LLC Investment ManagersFinance Whitebox Advisors LLC (Whitebox) is an independent, SEC-registered investment advisor and alternative asset manager headquartered in Minneapolis, Minnesota. Founded in 1999, Whitebox manages and advises private investment funds. They also offers advisory services to separately managed accounts. | Finance |
| Whitebox Hedged High Yield Fund Ltd. | Miscellaneous |
| Groveland Hedged Credit Fund LLC | |
AO Partners I LP
 AO Partners I LP Investment Trusts/Mutual FundsMiscellaneous Part of AO Partners LLC, AO Partners I LP functions as a hedge fund. The private company is based in Minneapolis, MN. | Miscellaneous |
| AO Partners LLC | Finance |
| Piper Jaffray, Inc. | Finance |
Groveland Capital LLC
Groveland Capital LLC Investment ManagersFinance Groveland Capital LLC engages in the provision of investment advisory services. It focuses on investment opportunities through its fund portfolio which includes Groveland Fund and AO Partners I Fund. The company was founded by Nicholas John Swenson in 2009 and is headquartered in Minneapolis, MN. | Finance |
Jet Yard LLC
Jet Yard LLC Other TransportationTransportation Jet Yard LLC provides aircraft storage and parking along with part-out and disassembly services. Its services also include demolition and recycling for aging aircraft and engines. The firm also offers complete aircraft end of life services encompassing aircraft storage, teardown, parts storage, repair management, global sales, logistics and aircraft recycling. The company is headquartered in Marana, AZ. | Transportation |
Whitebox Combined Fund
 Whitebox Combined Fund Investment ManagersFinance Whitebox Combined Fund provides investment advisory services. The private company is based in Minneapolis. The American company was founded by Nicholas John Swenson. | Finance |
Ambry Hill Technologies LLC
Ambry Hill Technologies LLC Packaged SoftwareTechnology Services Ambry Hill Technologies LLC provides cloud-based enterprise resource planning (ERP) software for inventory control, warehouse management, aircraft maintenance, RFQ, RFP, seller quoting, order processing, purchase orders, buying, selling, logistics, invoicing, accounting integrations, and business analytics. The private company is based in Cambridge, MN. The company's ERP mobile app is available for both Android and Apple devices. Ambry Hill Technologies caters to aviation parts traders, aircraft parts sellers, aircraft parts buyers, aircraft parts suppliers, plane parts distributors, MRO, 145 repair stations, aircraft operators, and OEMs. The company was founded by Larry Stewart. Larry Stewart has been the CEO since incorporation. | Technology Services |
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