DynEvolve Capital is a bespoke private equity firm in the lower middle-market based in Austin, Texas. Founded in 2016, DynEvolve’s principals have over 50 years combined experience in private equity. We are activist managers and investors in domestic energy E&P, multi-family real estate, and federally chartered community banking.
Patrick E. Duke, co-founder and managing partner of DynEvolve Capital, was the previous founder, president, and managing director of Duke Capital, Angelus Private Equity and President of Lone Star Builders. In the latter role, he used his Certified Real Estate Appraisal training to acquire, renovate, or sell more than $400 million in Texas multi-family properties.
Before that, as CEO of Ameracall and National Wireless, Patrick revolutionized the marketing of wireless services for Southwestern Bell, Century Cellunet, and Bell South (All NYSE listed). As their largest agent, he delivered more than 10,000 new wireless customers per month. He also has extensive experience in negotiating public-switched telephone (PSTN) agreements. As an investment banker for Sun Technologies, Patrick was responsible for developing and managing market targeted acquisitions totaling more than $400 million in various technology sectors. Patrick is a proud alumnus of the McCombs School of Business at The University of Texas.
Andrew is a graduate of the McCombs School of Business at the University of Texas. Andrew entered the workforce with a focus on sales and marketing. In 2007, Andrew began his career in Private Equity. Combining a passion for construction and consumer insights, Andrew uses his experience to identify ways to maximize capital spend. Through the years he has developed a forte in heavy value-add multifamily “flips.” Prior to joining DynEvolve, Andrew spent 7 years as VP of Real Estate for Angelus Private Equity group. Andrew has effectuated the rehabilitation of over 2000 apartment units in 15 projects. In addition he has overseen the conversion and sale of 160 condominiums. He brings his extensive experience in property management, property rehabilitation, and real estate investment to DynEvolve.
Wolfgang is the Managing Partner and Co-Founder of DynEvolve Capital. He has worked in the asset-backed growth equity space for the last 12 years, having been a principal at two bespoke firms in Austin. His expertise over several funds and direct-deals has been in real estate, oil & gas, and federally-chartered CFI banking. In that time, Wolfgang has spearheaded deal flow, crafted fund/deal sponsorship economics, capital markets/fundraising, operational group efficiencies, and maximized LP exits. His overarching theme throughout the investment life-cycle is to de-risk deals from start to finish, from people to assets, from markets to governments. Prior to this, Wolfgang owned a successful wealth management practice under the American Express/Ameriprise franchise umbrella. There, he fostered multi-generational investment portfolios into the next phase of family office platforms.
Mr. Niedert is also an Adjunct Lecturer in upper-division finance at the McCombs School of Business at the University of Texas, from which he holds two degrees. Wolfgang serves as an Executive Sec. of the Board of Directors of the Texas Exes (UT-Austin alumni association) where he also served on the I.C. of its nation-leading endowment. Statewide in Texas, Wolfgang is the inaugural President of the Aguila Alliance, an initiative between the Texas and the government of Mexico where he promotes housing and banking opportunities for the Mexican-American population in Texas primary/secondary markets. To help direct resources and regulatory change to affordable housing and multi-family properties, he has served under three Austin City Councils as the Bond Oversight Commissioner. He is a current or prior Board of Directors member of the Texas Book Festival, U.S. Global Leadership Coalition, ClubCorp Company, the UT System Chancellor’s Executive Committee, the Ransom Center for the Humanities, the LBJ School of Public Affairs-Strauss Center, and the Austin Chamber of Commerce-Economic Development Council. This has afforded Wolfgang a proprietary network of deep political connectivity, access to capital, and regulatory foresight.