David Nierenberg is Founder and President of Nierenberg Investment Management Company (NIMCO) of Camas, Washington, which manages The D3 Family Funds. The funds seek long term capital gain, principally through investment in a concentrated portfolio of undervalued micro-cap public equities.
Before founding NIMCO in 1996, David was a General Partner at Trinity Ventures for a decade, where he invested in turnarounds, financial services, and healthcare, and usually served as a corporate director. In 1987 he led an investor group which contracted with the U.S. government to recapitalize a bankrupt S&L named Far West Federal Bank. After the FDIC broke the contract, David as Board Chair led litigation which won the investors six court victories, culminating in a 7-2 win at the Supreme Court.
From 1978–1985 David worked at Bain & Company in San Francisco, Boston, and London. He led strategy, acquisition, and cost reduction consulting projects for CEO clients. His internal Bain responsibilities included recruiting and personnel. He led Bain’s Western U.S. healthcare and banking practices. He was a Bain partner from 1982 –1985.
David was a director of Peace Health Southwest Washington Medical Center from 1997–2009, Vice Chair from 2002–2008, and co-chaired its $50 million capital campaign. David now serves as a director of Rosetta Stone (RST) and Riverview Bancorp (RVSB). Previous public boards include Natus Medical (BABY) and Electro Scientific Industries (ESIO). He was a Trustee of Whitman College from 2009– 2016 and oversaw investment of its $500M endowment. David chaired the Community Foundation for Southwest Washington from 2009–2012. He serves on the Washington State Investment Board, which oversees $120 billion of public employee retirement and other funds. David chairs The Ira Millstein Center for Global Markets and Corporate Ownership at Columbia Law School, a world leader in corporate governance. Previously he was Vice Chair of the Millstein Center for Corporate Governance at Yale. David chairs the Research Advisory Committee for Glass-Lewis, the second largest global proxy advisor. He is a director of The National World War II Museum and STAND for Children. From 2006-12 he was one of eight original national finance chairs of Romney for President.
Locally, David chaired the Evergreen School District Foundation, led and raised funds for Evergreen bond and levy campaigns, and was a director of the Confluence Project (the Lewis & Clark bicentennial commemoration, which featured landscape architecture by Maya Lin). David and his wife Patricia were designated Philanthropists of the Year in Southwest Washington.
David earned a B.A. with Distinction in History, summa cum laude, Phi Beta Kappa from Yale College in 1975 and a J.D. from Yale Law School in 1978. He is a retired member of the Massachusetts Bar. He has served on dozens of not for profit, public, and private for profit boards since 1985.